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Reminder: New Filing Requirement in Nevada

By MarksNelson on August 3, 2016 in Articles, Tax

If you conducted business in Nevada after July 1, 2015, a new Nevada tax return will need to be filed before August 15, 2016. The initial fiscal year for purposes of this tax is July 1, 2015, through June 30, 2016. All Companies doing business in Nevada are required to file a Commerce Tax Return annually. There is no tax liability as a result of this new tax, however, as long as the Company’s Nevada gross revenue does not exceed $4,000,000 in any fiscal year.

Please contact your MarksNelson professional at 816-743-7700 if have questions about this new filing requirement.

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MarksNelsonView all posts by MarksNelson
MarksNelson LLC works with clients to help safeguard and grow their businesses. Our ultimate goal is to help our clients to Move Forward. The firm provides Assurance, Accounting Services and Business Advisory, Business Valuation, Consulting, Cost Segregation, Employee Benefit Plan Audits, Litigation Support, Forensic Accounting, International Tax, State and Local Tax and Tax planning, advisory and compliance services. MarksNelson is a member of The Leading Edge Alliance, the second-largest international professional association of independently owned accounting and consulting firms, serving clients who need additional resources on a national or international level. MarksNelson has significant accounting and business advisory experience in the auto dealership, construction, insurance, manufacturing, distribution and real estate sectors. The firm was named among the 2014 Best Accounting Firms for Leadership Equity by the 2014 Accounting MOVE Project for its dedication to gender equity.