Source: UNLV Center for Business and Economic Research The United States is experiencing continued growth with largely positive economic signals from several key indicators. The second estimate of real gross domestic product (GDP) for 2026Q1 continues to expand at a moderate pace, with annualized and year-over-year growth rates of 1.6 and 2.6 percent, respectively, slightly … [Read more...] about Business Indicators
Nevada Department of Taxation
Taxes in NevadaMaintaining a Hard-Earned Reputation
Nevada’s 83rd legislative session, which began on February 3, 2025, successfully concluded sine die on June 3, 2025. Despite attempts by some legislators to vote in bills that would increase taxes, the Silver State’s reputation as a business-friendly state remains intact. The lack of approved taxes that made it through the legislature can be attributed to a number of … [Read more...] about Taxes in Nevada
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
Nevada TaxesWill the Tax Man Cometh to Carson City in 2023?
If 2021 was a historic year for state tax reform, then what does the future hold for new business taxes or tweaks to the current tax code as Nevada voters go to the polls in November to elect a new slate of lawmakers? Those lawmakers will take office in January when the legislature reconvenes. In a major development last year, lawmakers approved a bill near the end the 81st … [Read more...] about Nevada Taxes
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
Intrusive and Unnecessary: Commerce Tax Registration
Has your company registered for the Commerce Tax? If so, you’ve obeyed the law, but you’ve also put yourself at risk unnecessarily. This tax was passed by the 2015 Legislature, supposedly to help fund education, and it applies to every company doing business in Nevada whose gross receipts are $4 million or more. However, every single business in Nevada, regardless of whether … [Read more...] about Intrusive and Unnecessary: Commerce Tax Registration
Mining: It’s About More than Gold
The value chain for Nevada’s roughly 20 metals and minerals begins with companies mining the resources. This benefits the miners and their employees monetarily and the communities around those mines where dollars are spent, donations are made and other commitments are carried out. Mining firms require goods and services at each stage of their process—exploration, … [Read more...] about Mining: It’s About More than Gold
Tax Issues: Beyond the Numbers
Taxes are on a lot of people’s minds this time of year. Taxes mean grumbling and money out of pockets and coffers, whether an individual’s or a business’. But taxes also mean services, at all levels of government, from federal to local. In the stressed and struggling Nevada economy, as tax season threatens on the horizon, there are inevitable questions. Is Nevada still … [Read more...] about Tax Issues: Beyond the Numbers