Las Vegas Corporate Tax Service is here to help you understand the costs involved in maintaining compliance for your corporation or small business. Las Vegas Corporate Tax Service is always here to answer any questions you may have. Give us a call at (702) 524-0553.
If you are starting a new, or maintaining an existing business, you must be in compliance with several entities, including;
- INTERNAL REVENUE SERVICE
- NEVADA SECRETARY OF STATE
- NEVADA DEPARTMENT OF TAXATION
- NEVADA UNEMPLOYMENT INSURANCE DIVISION
- WORKMAN’S COMPENSATION
- LOCAL BUSINESS LICENSING, BY JURISDICTION
Each entity listed above has their own requirements which are dependent on your type of business. Below is a sample business to help you assess your possible business requirements;
Let’s say you are going to open a new business. You live in Las Vegas, have 5 employees and one location in Las Vegas. But, your store is physically located in Clark County.
“XYZ Costume Jewelry, INC.”
- As the owner, you get online and find a company who specializes in “Incorporating in Nevada.” Their rates are reasonable, $200.00-$400.00. So, you pay them, and they obtain an Employer Identification Number from the IRS (no IRS fees,) submit all the documents to the Secretary of State (Business License filing fee; $500.00 and Initial List of Officers filing fee; $150.00, which you will pay for) and you’re business is successfully incorporated in Nevada.
-You get a letter from the IRS congratulating you on your new “EIN” number. The letter also gives you direction on which tax form to file.
-You get a letter from EFTPS explaining how to make payroll tax deposits online.
-The Nevada Secretary of State’s website shows your business entity details.
So, the company you hired has completed your incorporation. You may also have paid them to continue to be your Nevada Registered Agent in future years, or paid them to educate you on starting or running your new business. If you are a business owner who lives in the State of Nevada, you can be your own Registered Agent. If you need education on starting or running a business in Nevada go to, or search the web for, each one of the entities listed above for proper direction.
XYZ Costume Jewelry, INC. has to register with; the Nevada Department of Taxation and file Modified Business Tax and Sales and Use Tax Returns, the Unemployment Insurance Division and file Wage and Income and Contribution Reports, the IRS and file Quarterly Payroll Tax Returns and make Payroll Tax Deposits, obtain a Clark County Business License and Workman’s Compensation Insurance and complete the required Nevada Secretary of State filings, (Common Business Registration, OSHA, DMV, etc.) and more.
Running a business is very time consuming. Many business owners do not have the time to ensure all of their required business filings are complete. Whether it be Las Vegas Corporate Tax Service or not, outsourcing your required tax and entity report filings is highly recommended.
Las Vegas Corporate Tax Service has helped several businesses recover from serious past due filings, enabling the businesses to remain open.
Call Las Vegas Corporate Tax Service for a Free Consultation or Analysis of your business needs. (702) 524-0553