Each year, small businesses in Las Vegas look to lower the tax burdens. Sole proprietors, C or S Corporations, Partnerships, and Limited Liability Companies (LLC) all use tax deductions to offset the costs of doing business. The goal is to find the best tax deduction to reduce the liability while providing a benefit for the business. Making a tax mistake as a business owner can be costly. It’s a good idea to meet with a tax accountant to talk about the new small business tax deductions for 2020 that could be overlooked.
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Nevada is renowned for its lenient taxation policies, but does this apply to payroll taxes? If you’re starting a new business in Nevada or relocating yours here from afar, you’ll want to know about your payroll tax obligations. Falling behind on your taxes can lead to costly fines and penalties, possibly causing you to change your business plans to handle them. Take some time to learn about Nevada’s payroll tax laws so you can stay ahead of your obligations and keep your business in good standing.
You have probably heard that a tax return can be changed (amended) if there is a benefit to do so. Many taxpayers believe, however, that this could raise a red flag with the Internal Revenue Service (IRS). And, of course, no one wants to get on their bad side. In this article, we will discuss how to safely amend a tax return. 
There is (and always has been) a sort of frenzy about getting a tax refund. The discussion almost always revolves around the refunds individuals look forward to and get after filing their tax return on April 15. But what about small businesses? Can they get a refund the same way individuals can? 