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Nevada Facing Record Unemployment With Casinos Closed

PYMNTS

With an economy heavily reliant on tourism, Nevada may have the largest number of unemployed workers due to the coronavirus pandemic. Stephen Miller, an economist at University of Nevada, told the news outlet that economic downturn during the recession of 2007 to 2009 was deeper and longer than in Las Vegas than many other U.S.

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Will Nevada Face The Pandemic’s Greatest Impact?

PYMNTS

Tourism powers the economy in Clark County, which encompasses the legendary Las Vegas Strip — although Nevada also has some other sectors, such as farming and mining. One study held for the Las Vegas Convention and Visitors Authority cited by The Wall Street Journal found that visitors spend over $30 billion each year in southern Nevada.

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

Inside One Nevada Credit Union’s Self-Service Transformation. Many credit unions, including One Nevada Credit Union , are undergoing extensive changes to cater to this desire, but these transformations invariably bring challenges of their own. For more on these and other CU news items, download this month’s Tracker.

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

One CU undergoing a self-service transformation is One Nevada Credit Union , which serves 80,000 members and has $959 million in assets. One Nevada is instituting a product suite to support its self-service transformation, including a data warehouse, business intelligence tools and a complete core banking conversion.

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Bitcoin Daily: Nevada OKs Blockchain Bills; Binance Restricts US Users

PYMNTS

Nevada has passed regulatory sandbox legislation that aims to continue blockchain investment and development in the state. We’re thrilled to see that Nevada continues to take a thoughtful approach to technology,” said Jackie Morck, President of the Nevada Technology Association, in a statement. passport holders.

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COVID Surcharges and Sales Tax

TaxConnex

Nevada , Texas , South Carolina and New Jersey are among the first states mandating surcharges on retail sales subject to sales tax. In Nevada, “Some businesses are now charging an additional fee attributed to COVID-19. Lately they’ve been followed by retailers, notably restaurants , nationwide. States to watch.

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Impacts of using a marketplace facilitator

TaxConnex

According to the Nevada proposal, if the marketplace seller makes sales through an unregistered marketplace facilitator, the marketplace seller must register, collect and remit tax on those sales. has also proposed?draft draft regulations?implementing It is best to consult with a sales tax expert or CPA to find the most updated laws.

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