If taxes were a sport, discussing President Trump’s proposed tax plan would be akin to ESPN analysts hashing out potential trade deals in the off-season and discussing the potential outcomes of each speculative scenario without certainty. It is too soon to make large tax decisions about Trump’s announcement, but we can theorize on how the potential tax cuts and new tax brackets might affect our Las Vegas community. Trump’s plan is not even close to being a bill, and though his advisors promise to get the tax reform “done this year,” we might be filing our 2017 taxes with no changes.
Innovation is fresh thinking that leads to valuable products and services. Innovation is not limited to invention that generally is visualized as made by people in white lab coats with a high IQ. Innovation is a special culture that businesses cultivate. It is a culture of creation. Central to the innovation culture in our present connected world is diversity, inclusion and a work environment which fosters creative thinking.
More than 4 billion electronic records were stolen in 2016, the result of more than 4,000 data breaches, according to a new report from Risk Based Security. That brings the number of records stolen by hackers to an all-time high.
Nevada’s Department of Taxation has until Jan. 1, 2018, to craft regulations that will govern retail marijuana dispensary licenses and sales. In the meantime, it is clear the cultivation, production and distribution of medical and recreational marijuana are big business here in Nevada.
In the spirit of David Letterman, I have developed a Top Ten list of my own:
In our present knowledge-based economy, small business owners have a tradition of creating innovative products and good jobs and opening new sectors of the American marketplace. “Invent” or “die” is the motto under which small innovative high-tech businesses operate. The most precious asset for such business owners is the newly minted intellectual property that launched their business.
So, now that we are well into the first quarter, how can taxpayers take advantage of some of these opportunities? The following is a short list of ideas to consider, depending on individual circumstances.
It’s been in the air for much of the past year, and as many of the some-feared and some-promised changes have happened around us, those health care business owners who rely on insurance reimbursement wait with bated breath for a sign of what’s to come. The Trump Administration has promised, via stump speech and now executive order, the rapid repeal and replacement of the Affordable Care Act (Obamacare), but what is simple to say is often far more difficult to accomplish.
For this first time in the history of Nevada, possession of small amounts of marijuana is now legal. But, before rushing out to make your historic purchase, understand that the only people who can legally obtain marijuana in Nevada are those with a current medical marijuana card.
When President Donald Trump signed executive orders this past week moving the United States away from the North American Free Trade Agreement (NAFTA) and the Trans Pacific Partnership (TPP), many people in Southern Nevada were left wondering how this would affect our local economy. Later in the week, the President of Mexico, Enrique Peña Nieto, cancelled a planned meeting with President Trump as disagreements mounted.