Nevada Secretary of State Ross Miller is aggressively targeting businesses claiming a home-based business exemption on their Nevada Business License. Miller says the filings, which are often intentionally false, are costing the state tens of millions of dollars in unclaimed revenue and placing an unfair disadvantage on businesses that comply with the licensing regulations. As of Saturday, August 6, 2011 any business applying for a license and claiming the exemption will be required to provide specific information that will verify the business’s location as a residence and net earnings of less than $27,000 per year. Letters requesting verification are being sent to the more than 60,000 businesses already claiming the exemption, and businesses that do not respond will have their license status revoked.
Read the whole story here.
If you want to see the new exemption form which needs to be filed with Business License Exemption
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“With all the details involved with starting a corporation it’s so easy to
forget to thank the people that help along the way so I wanted to take a
minute to thank you for everything you have done. EastBiz.com – and
especially Rochelle – have been tremendous at walking me through the process
and taking the time to explain in detail the steps necessary to make my
dream a reality. Your price point is the least expensive I have ever seen
and your customer service is the best! Thanks, guys, for all that you have
done!”
Dan
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Anyone looking for importing products to the U.S.A. and having to pay only 1% customs duty? Please contact as we might be able to offer such option through economic development program.
Applies to raw materials and component parts used in industrial and manufacturing processing.
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We are looking for projects which generates tax credits.
For example low income housing projects. If you are looking for investor or need to sell tax credits please contact us.
Info@eastbiz.com
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Time to do some planning about capital gain tax.
On January 1, 2011, the capital gain tax reduction that was signed into law by President Bush under the Tax Increase Prevention and Reconciliation Act will “sunset.” The tax rate will revert from the current 15 percent rate back to the former 20 percent capital gain tax rate that was in effect prior to 2003.
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Do you need to set up employees according the new HIRE Act (W-11 payroll exemption)?
If you are using our payroll system we can do it for you or you can follow the instructions:
To comply with the HIRE Act, you may mark an eligible employee exempt for employer Social Security contribution in the payroll account. To mark the exemption for an eligible employee:
1. Click Employees from the top navigational bar.
2. Click the employees name.
3. Click Edit in the ‘Taxes & Exemptions’ section.
4. Click Edit in the Exemptions section.
5. Check the box for HIRE Act exemption.
6. Click Save.
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