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Understanding Nevada LLC Taxes

inDinero Tax Tips

You may have heard that Nevada LLC taxes are favorable to business owners. In this article, we’ll cover everything you need to know about Nevada LLC taxes, from pass-through treatment to self-employment, sales, and payroll taxes. This applies to all LLCs, not just those incorporated in Nevada.

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COVID Surcharges and Sales Tax

TaxConnex

Nevada , Texas , South Carolina and New Jersey are among the first states mandating surcharges on retail sales subject to sales tax. In Nevada, “Some businesses are now charging an additional fee attributed to COVID-19. Lately they’ve been followed by retailers, notably restaurants , nationwide. States to watch.

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Nevada Facing Record Unemployment With Casinos Closed

PYMNTS

With an economy heavily reliant on tourism, Nevada may have the largest number of unemployed workers due to the coronavirus pandemic. Stephen Miller, an economist at University of Nevada, told the news outlet that economic downturn during the recession of 2007 to 2009 was deeper and longer than in Las Vegas than many other U.S.

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Impacts of using a marketplace facilitator

TaxConnex

According to the Nevada proposal, if the marketplace seller makes sales through an unregistered marketplace facilitator, the marketplace seller must register, collect and remit tax on those sales. has also proposed?draft draft regulations?implementing It is best to consult with a sales tax expert or CPA to find the most updated laws.

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

Inside One Nevada Credit Union’s Self-Service Transformation. Many credit unions, including One Nevada Credit Union , are undergoing extensive changes to cater to this desire, but these transformations invariably bring challenges of their own. For more on these and other CU news items, download this month’s Tracker.

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Will Nevada Face The Pandemic’s Greatest Impact?

PYMNTS

Tourism powers the economy in Clark County, which encompasses the legendary Las Vegas Strip — although Nevada also has some other sectors, such as farming and mining. One study held for the Las Vegas Convention and Visitors Authority cited by The Wall Street Journal found that visitors spend over $30 billion each year in southern Nevada.

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Half a dozen ways to mismanage sales tax | TaxConnex

TaxConnex

Commercial activity taxes in Ohio and Nevada are also often missed. Especially if you handle your compliance in house, you may have also paid local taxes to a state. States frequently introduce new sales tax returns, such as Colorado and Minnesota for their new retail delivery fees.

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