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 […]
Tax rates The TCJA changed the tax calculation for corporations from a tiered bracket system to a flat 21% (previously was a high of 35%) New flat rate applies to personal service corporations (previously was a flat 35%) Alternative minimum tax (“AMT”) repealed completely Changes to net operating losses (“NOL”) An NOL is where your […]
Shelby Keefer Individual, Taxes
Tax rates The TCJA changed the tax rates and ranges of the seven brackets and lowered the top bracket to 37% from 39.6% The long-term capital gains and qualified dividends rate is still 0% if in the lowest two brackets, 15% for income up to between $425,800 and $479,000 depending on filing status, and 20% […]
Shelby Keefer Individual, Taxes
As all of you have heard by now, we have the largest tax law changes since 1986. Although there are many changes taking effect in 2018, there are some actions you can take in the next few days to possible save you some taxes in the future. The new law limits the “Taxes You Paid” […]
Shelby Keefer Accounting, Taxes
Tax rates went up in Washoe and Clark Counties April 1, 2017. Please click here to see a notice from the Nevada Department of Taxation regarding the increase.
Sandy Ballocanag Individual, Taxes
Serl Keefer Welter CPAs are forwarding an invitation to clients with teenagers bound for college. The event hosted by Mahesh Odhrani of Strategic Wealth Design and presented by Edvisors.com, will cover a range of topics regarding college financing. Please click here for detailed information on this event and to RSVP. The RSVP is due by […]
Sandy Ballocanag Accounting, SKW
Our very own, Kelly Welter was featured in the October 2016, Journal of Accountancy. She shares “Becoming Powerful”. We are so proud of her! Click here to read the full article.
Many of you have received your Welcome to Nevada Commerce Tax letters by now. You can see our letter here for an example. This is a new tax on Nevada gross revenue over $4,000,000. Although most small businesses will not owe any tax, all businesses, including landlords, farmers and royalty earners, are required to register and file […]
Shelby Keefer Accounting, Individual, Taxes
Don’t be fooled…please read how tax scammers have changed their approach to try to get your information. Don’t fall for it! If ever in doubt, please give us a call 702-363-1971.
Shelby Keefer Individual, Taxes
On December 17, 2015 the House approved the extenders legislation and on December 18, 2015 it was approved by the Senate and President Obama signed the bill into law. A nice surprise was that many of the provisions were made permanent so finally we have the ability to plan our tax futures. (Just so you know, in […]
