Uncategorized

Nevada’s development authorities say our state is the best place in the country to start a business. But what kind of business? The Bureau of Labor Statistics says the industries with the fastest-growing wages and employment are technology-based. Are these businesses coming to Nevada, staying here and flourishing. Problems to be Solved The Milken Institute, an economic think … [Read more...] about Ones and Zeros: High Tech in Nevada Gets Mixed Reviews

Classifying workers appropriately is an important risk-management activity for any business. The Nevada Society of CPAs points out that employers who misclassify employees as independent contractors may find themselves liable for back payments of employment taxes in addition to stiff penalties and interest payments. In some cases, an employer could be required to provide … [Read more...] about Independent Contractor or Employee? How To Tell the Difference

In recent years, employers have been walking a tightrope increasingly fraught with danger. Employers must balance their need to monitor employees’ computer usage with employees’ privacy rights. The slightest misstep can result in a lawsuit. Nevertheless, it is imperative that employers perform this delicate balancing act. Why Employers Should Monitor Recent surveys estimate … [Read more...] about I Spy, Or Can I? Changing Workplace Privacy Laws

Q: On March 1 of this year, the attorney general issued an opinion that stated employees serving in the executive branch of Nevada government were barred from simultaneously serving in the Legislature, but employees of local governments were not. Why was this opinion issued? The first and most direct answer to this question is that we were asked to issue the opinion by the … [Read more...] about Separation of Powers Opinion: “Neither Simple nor Clear”

It may be hard to imagine, as you notice the rising fees on your bank statements, that banks also face big challenges. But what you may not be aware of is that the rising cost of doing business presents many challenges to banks. An increasingly competitive playing field, new tax requirements, stricter regulations and a rapidly changing economy all contribute to that cost. Here, … [Read more...] about Banking on Nevada: The Capital Interests of Nevada’s Banks

Developers of The District at Green Valley Ranch, an $85 million mixed-use project that blends retail, restaurants, office space and residential into an urban lifestyle setting, believe the complex could be the future of construction in the Las Vegas Valley. As available land for growth continues to disappear during the current Southern Nevada building boom, developments … [Read more...] about The District at Green Valley Ranch

As new businesses move to Southern Nevada, the demand for new industrial space has increased, especially in emerging development areas in the Las Vegas Valley. EJM Development Co. is helping to meet those needs by building new and advanced industrial and office space in Las Vegas. To prepare for the future and maintain a reasonable inventory of new industrial space to meet … [Read more...] about EJM Development Co.: Building New Commercial Hub in Southwest

The average new home in Southern Nevada now costs $210,000, and in Northern Nevada $227,000. These high prices are creating pressure in the resale market as well, and young families looking for housing are unable to afford it. Are these inflated prices caused by the increased cost of building materials, or higher insurance rates for homebuilders being passed on to the end user? … [Read more...] about The Sky’s the Limit: High Land Prices Affect Everyone

Casey Stiteler remembers Jan. 17, 2001 well. He was in the garage, lifting weights with his father at 7:30 p.m. when the hospital called to tell his parents the results of a CAT scan he had had earlier that day. It was a brain tumor, they told his father, and 12-year-old Casey needed to get to the hospital immediately. Stiteler, a straight-A student and avid baseball player, … [Read more...] about Make-A-Wish Foundation: Helping Dreams Come True

The process called factoring dates back hundreds of years, but it has evolved into a modern financing technique. What is factoring? When Business A sells a product or service to Business B, it sends Business B an invoice in order to collect the money due. Business A can then either wait for the invoice to be paid (eventually) or it can sell the invoice to a third party for a … [Read more...] about Cash Flow Crunch? Factoring May Be the Answer

The spectrum of private education in Nevada is wide, encompassing high- and low-income families, gifted children and students with learning difficulties. Of the 407,217 kindergarten-through-twelfth grade students in the state, 17,894 attend a private educational institution. A private educational experience generally comes with a hefty price tag. Religious schools tend to be … [Read more...] about Paying for Choice: Private Schools in Nevada

Northern Nevada "Retail in Reno/Sparks is absolutely off the charts," statedGary Johnson, senior vice president at Colliers International in Reno. "We have over 3.5 million square feet on the drawing board. We usually average between 350,000 and 450,000 square feet of absorption per year, so that’s a huge number for us. We have four big boxes currently under construction (two … [Read more...] about Shopping for Success: Retail Market Overview

Question: At the Northern Nevada Gaming Summit on February 19, gaming consultant Mike Meczka said Reno’s future would be as "a gaming market dependent upon locals, with decreasing visitor and tourism counts." He also said, "Washoe County has nothing unique left to offer. There are many other markets that are able to make the claim ‘four-season recreation resort meeting … [Read more...] about Northern Nevada’s Tourism Outlook: Doomed or Dynamic?

A fire ravaged through your office building. Soot and water covers everything the fire didn’t destroy. How do you recover your electronic data, such as accounting and other valuable documents you left behind last night? If you are prepared and have off-site backups, how long will it take to restore that data – and how old are these backups? Running a business is all about … [Read more...] about Loss of Valuable Computer Data: How to Reduce the Risk

The Nevada Cancer Institute (NVCI) recently broke ground on its flagship facility in Las Vegas. The building, located on five acres of land in Summerlin at Town Center Drive and I-215, is uniquely designed to foster scientific research and discovery, while maintaining the comfort of cancer patients. The $52 million, four-story facility will be outfitted with state-of-the-art … [Read more...] about Nevada Cancer Institute Well Underway: Building and Research Both Progressing