Nevada Commerce Tax Changes – Great News

The State of Nevada is working smart.  They have changed the filing requirements to the Nevada Commerce Tax so that most small businesses are NO LONGER required to file a return.  Only IF your gross receipts from Nevada are GREATER THAN $4,000,000 will you be required to file a Commerce Tax Return.

This change begins immediately with this current year coming to a close at the end of this month, July 1, 2018 to June 30, 2019.

Here is the email we received from the Nevada Department of Taxation:

This e-mail is to inform you that the filing requirement for Commerce Tax has been changed. If the Nevada gross revenue of your business from July 1, 2018 through June 30, 2019 was $4,000,000 or less, your business is no longer required to file a Commerce Tax return and your Commerce Tax Account will be automatically closed, effective June 30, 2019.

If the Nevada gross revenue for your business from July 1, 2018 through June 30, 2019 was over $4,000,000, your business is still required to file a Commerce Tax return on or before August 14th, 2019.

In the event your Nevada gross revenue exceeds the $4,000,000 threshold in a future year, it is your responsibility to file a return for the year. Failure to do so may result in the assessment of penalty and interest.

If you have already filed the return, please disregard this informational message.

For more information about Commerce Tax, including the change in filing requirements, please visit the State of Nevada Department of Taxation`s website: https://tax.nv.gov/WelcometoCOM/

Nevada Department of Taxation

If you have any questions, please contact our Call Center at (866) 962-3707. Hours of operation are Monday through Friday 8:00am to 5:00pm Pacific Time.

*** Please do not reply to this e-mail since this e-mail address is not monitored***

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As always, if you have any questions about this or any other matter, we are here to help.

Shelby, Kelly and Team