Editor’s Note: The team of Nevada Business Magazine would like to extend condolences to the family and business connections of Bryan Keller of Rubin Brown who passed away unexpectedly after press time for the December issue. The way Nevada does business has been altered by AI and perhaps no industry will be more impacted than accounting. An industry based off research, … [Read more...] about Industry Focus
Eide Bailly
Old or New, Retired or RenewedTaxes 2025
"The biggest thing we have going on right now in the world of taxation is uncertainty," said Chris Wilcox, partner/Las Vegas market leader, Eide Bailly. "Business owners don't know what the next year is going to look like at the end of 2025. We have a number of tax provisions that are going to expire such as bonus depreciation, which is phasing down. There's the section 199A … [Read more...] about Old or New, Retired or Renewed
My Hometown Heroes Announces 2025 Board of Directors and Executive Leadership AppointmentsNew leaders bring expertise and passion to support college-bound cancer survivors
RENO, Nev. – My Hometown Heroes, a national scholarship fund dedicated to supporting college-bound cancer survivors, is proud to announce its 2025 Board of Directors and the appointment of new members to its executive leadership team. These distinguished professionals bring a wealth of experience and a shared commitment to bridging the gap between cancer and college, one … [Read more...] about My Hometown Heroes Announces 2025 Board of Directors and Executive Leadership Appointments
Data Strategiesin the AI Era
A version of this article first appeared on eidebailly.com. AI presents incredible opportunities for organizations, from enhancing efficiency and personalizing the customer experience to allowing for more in-depth forecasting and modeling. However, AI systems require large amounts of data for operation and training. This creates challenges for organizations related to … [Read more...] about Data Strategies
Industry FocusCPAs
The job of a certified public accountant, or CPA, has both rewards and pitfalls. In addition to the challenge of crunching numbers, it's critical that CPA professionals stay current with ever changing, and complex tax laws. The industry is also facing a technology frontier with the introduction of artificial intelligence which raises questions about what role it will play in … [Read more...] about Industry Focus
What Business Leaders Can DoTo Prepare for What’s Next
Organizations have been operating in a time of profound uncertainty, and the speed of change is only increasing. Here are a few tips for organizations looking to grow, innovate, and stay ahead of the competition: Be Ready to Adapt Focusing on core competencies, eliminating product lines or services that distract from core business objectives, and providing superior … [Read more...] about What Business Leaders Can Do
2024 Nevada Tax Update
In Nevada today, an overview of state taxes reveals a pro-business scenario where a variety of individuals from the leaders of state government to CPAs are working to create an effective tax structure to serve the individuals, businesses and state of Nevada. When it comes to dreading taxes, Nevadans have comparatively little reason to do so. Mike Verville works as a CPA and … [Read more...] about 2024 Nevada Tax Update
Industry FocusCPAs
The accounting industry is rapidly changing. While staying on top of new tax laws is already a feat, the introduction of new technology with AI is challenging the industry like never before. These issues, paired with difficulties communicating with the IRS and a downward trend in finding talent, has accountants pushing forward and hoping for the best. Recently, a group of … [Read more...] about Industry Focus
Business FirstCybersecurity and Protecting Business
Businesses have come a long way in regard to technology. The digital era has changed the modern workplace and with those changes come new concerns for security. High quality, fireproof filing cabinets and locked doors no longer provide sufficient protection for company data. Businesses now must consider the real threat of cybercriminals and the impact that breached data could … [Read more...] about Business First
Industry FocusCPAs
The public accounting industry is one under fire. From significant staffing shortages, constant changes in legislation and a lack of support from the Internal Revenue Service (IRS), a career in accounting is not for the faint of heart. Recently, CPA executives met at a roundtable to discuss the many challenges they face as an industry and the solutions they have implemented to … [Read more...] about Industry Focus
Industry FocusCPAs
Frequently named as the most trusted profession by business owners, leaders in the certified public accountant (CPA) industry have had their work cut out for them in 2021. From navigating complex issues arising from the COVID pandemic to dealing with ever-changing rules from the Federal government, CPAs are working to remain flexible and available for their clients. … [Read more...] about Industry Focus
Employee Retention Credit
Rewind back to March 2020, panic swept through Nevada and many business owners were required under a government order to shut their doors and send their employees home. In response, then-President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) providing two mutually exclusive incentives – the Paycheck Protection Program (PPP) and the Employee … [Read more...] about Employee Retention Credit
Mining for TaxesRaising State Revenues in Nevada
It is well known that any debate in the Nevada Legislature over raising mining taxes has been a controversial topic since prospectors first struck gold in the 19th century. Previous efforts to raise the tax or reduce the ability of companies to deduct net proceeds have come up short. Opponents have argued successfully that any increase in the tax rate would severely … [Read more...] about Mining for Taxes
Cyber SecurityKeeping Your Business Safe
An issue that will only become more prevalent moving into the future, cybersecurity is something that affects everyone. From the grandfather that sends his social security check to a “prince” in Nigeria, to the CEO who finds her proprietary data held hostage by a cyber thief, no one is immune to online threats and scams. Business owners need to be especially careful as they … [Read more...] about Cyber Security
Industry FocusCPAs
Accountants are among the most respected professionals in Nevada for their expertise and steady guidance. As businesses face turbulent times, this industry is working hard to stay on top of changing tax laws and implications for businesses with some of the new grants and loans available. Recently, CPA executives from across the state came together for a virtual … [Read more...] about Industry Focus