article thumbnail

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. In another grim survey, the Nevada Resort Association, an industry trade group, projected casinos will lose $39 billion by the fall of next year.

Nevada 60
article thumbnail

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.

Nevada 68
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will Nevada Face The Pandemic’s Greatest Impact?

PYMNTS

The pandemic has impacted Nevada’s labor force more than any other state in the country, and it could continue to disrupt the Las Vegas economy years into the future. Coronavirus casinos economy gambling Gaming Las Vegas Nevada News

Nevada 55
article thumbnail

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 needed to make sure its staff understood the model’s benefits so they could explain the new business plan’s advantages to members.

Nevada 52
article thumbnail

Nevada State Tax Updates

Withum

Blogs

Nevada 52
article thumbnail

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. “By We’re excited to be a partner in building the new Nevada.”.

Nevada 44
article thumbnail

Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs

PYMNTS

No other dispensaries in Nevada’s Washoe County take credit cards except the six Blüm shops. No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Credit card statements will show that a purchase was made at the “Midgrun Eats LLC food truck, not at the Blüm Marijuana Dispensary ,” the Reno Gazette-Journal reports. .

Nevada 50
article thumbnail

Today In Payments: Coronavirus Decimates US Stock Market; Ex-Microsoft Engineer Guilty Of 18 Felonies

PYMNTS

How One Nevada Credit Union Secures Its Self-Service Innovations. In this month’s Credit Union Tracker, Chief Financial Officer Steve O’Donnell for One Nevada Credit Union discusses how the CU revamped its core system to offer these self-services while ensuring member privacy.

Nevada 55
article thumbnail

Payments Company Owner Gets Jail Time For Debit Fraud

PYMNTS

Security & Fraud accounts checks fraud justice department Nevada News remotely-created checks victims What's Hot

Texas 61
article thumbnail

Bitcoin Daily: Dutch Parliament Cracks Down On Money Laundering; Busan Considers Launching Its Own Crypto

PYMNTS

Berns, who revealed last year his plans to create a blockchain-focused master-planned community and e-sports arena in the Nevada desert, said the acquisition of the Las Vegas-based Kirkwood Bank of Nevada is an important step in reaching his goal. Purchasing the bank was basically security for me to make sure that Blockchains and I had access to the financial system,” he said in an interview with The Nevada Independent.

Sports 40
article thumbnail

Nipton, Calif., Goes To Pot, Literally

PYMNTS

Nipton is a tiny town that sits on the border with Nevada and is home to about 20 souls. Nipton, appropriately enough, has it roots in the mining communities that popped up in the California and Nevada desert during the gold and silver rushes that sent eager prospectors and fortune hunters flooding west during the 19th century. In real estate and in retail, location is everything.

article thumbnail

Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero

Three other states—Nevada, Oregon, and Wyoming—decided to make incorporation in their state more appealing. Incorporating in Nevada has certain advantages over Delaware. However, Nevada does not have as many rules or requirements for maintaining your incorporation or taxes.

article thumbnail

The State of California is Poised to Overtake Germany as World’s No. 4 Economy

KROST

Whether it be earthquakes, forest fires, homelessness, or drought, we also seem to be surrounded by a stream of news about businesses fleeing California for the lower tax and regulation-lite states of Texas, Nevada, or Arizona.

article thumbnail

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.

Sales 208
article thumbnail

The latest on sales tax on shipping charges (part 1)

TaxConnex

In Nevada, any charges for freight, transportation or delivery in connection with the sale of tangible personal property separately stated to the end user are not taxable; handling, packaging and crating or any other services are still taxable even if separately stated.

Sales 130
article thumbnail

Come See Us at AICPA Engage 2022! | Canopy

Canopy Accounting

After more than one year of staying indoors and working remotely, Canopy is excited to get back out there and attend our first in-person trade show in over a year: the American Institute of Certified Public Accountants (AICPA) Engage 2022, which runs from June 6-9 in Las Vegas, Nevada with a virtual option as well.

Nevada 57
article thumbnail

Impacts of using a marketplace facilitator

TaxConnex

Nevada?has 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.

article thumbnail

State CPA Society News & Updates

CPA Practice

Nevada: The Nevada Society of Certified Public Accountants (NVCPA) announced several upcoming events including the 2023 Annual Gaming Conference , which is scheduled to take place May 16 and 17, 2023.

cpa 96
article thumbnail

Vendor concessions/discounts can help pay to outsource sales tax obligations

TaxConnex

Colorado, Mississippi, Nevada, Ohio and Louisiana are among states offering a discount for prompt payment; Arizona gives a better discount for e-filers; Florida and South Carolina offer both.

Sales 207
article thumbnail

Excise Tax versus Sales Tax

TaxConnex

Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland. Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax.

tax 207
article thumbnail

Tricky items for sales tax (Part 3)

TaxConnex

It is also non-taxable in California, Arizona, Nevada, Washington, West Virginia and Wyoming. Our Halloween-month look at tricky items concludes with a natural: candy. Consumers are expected to spend more than $3.1 billion on candy this Halloween.

Sales 130
article thumbnail

Can IP Addresses Be Used to Assess Sales Tax?

TaxConnex

The taxpayer (a Nevada-based tech company selling such services as VoIP calling, Wi-Fi, and text, video, and instant messaging in Texas) does not require a user to provide a billing, residential, or business address. The short answer: maybe.

Sales 141
article thumbnail

Caesars To Resume Gaming, Hospitality Operations In Vegas

PYMNTS

As it gears up to reopen in Las Vegas, Caesars Entertainment Corporation said it would resume its gaming and hospitality functions at Flamingo Las Vegas and Caesars Palace at “the date and time for reopening specified by the state of Nevada.”

article thumbnail

Legalization and Taxation of Cannabis

TaxConnex

Other states doing well with tax on marijuana include Oregon, Nevada, Massachusetts, Illinois, and Michigan. Legalization of cannabis and how it would be taxed has been a discussion for many years.

Legal 193
article thumbnail

Sales tax holidays for the rest of the year

TaxConnex

Nevada will waive the sales tax on all purchases by members of the National Guard on Oct. Holiday time already? In many states, sales tax holidays have been in full swing this year and will continue for months to come.

Sales 130
article thumbnail

Sales Tax on Shipping: When Does it Apply?

TaxConnex

Shipping is not taxed in Nevada, but handling is. It’s one of the most important aspects of an online business – and one of the wackiest when trying to determine whether sales tax applies or not. What is it? Shipping.

Sales 207
article thumbnail

What's New in State Sales and Use Taxes - Monthly Update

TaxConnex

Nevada has proposed draft regulations implementing sales and use tax collection requirements for marketplace sellers and facilitators without a physical presence in the state. There’s always something changing in the world of tax, especially sales tax.

Sales 207
article thumbnail

Google Play Policy Changes Will Extend Gambling Apps Across More Countries

PYMNTS

online casino games are only allowed in Delaware, Nevada, New Jersey and Pennsylvania. Sports betting is only allowed in Colorado, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Tennessee and West Virginia. .

article thumbnail

Sales and Use Tax Updates from February

TaxConnex

Nevada has launched a tax amnesty program for businesses and individuals that runs through May 1. There’s always something changing in the world of tax, especially sales tax. And 2021 is off to a n especially busy start. Here’s a review of some of the recent changes and updates.

Sales 208
article thumbnail

The Pandemic?s Impact On Shopping Habits And Gaming

PYMNTS

And in gaming, Las Vegas casinos shut their doors in mid-March due to the pandemic, which sent Nevada’s unemployment rate to almost twice the U.S. 28.2%: Unemployment rate of Nevada, which is nearly twice the U.S.

Gaming 53
article thumbnail

Marketplace facilitators: Your latest Q. and A.

TaxConnex

Nevada?has We talk a lot about nexus and compliance processes in our content, but what about marketplace facilitators? In this blog we answer your top questions about marketplace facilitators. What is a marketplace facilitator?

Wisconsin 130
article thumbnail

Understanding Affiliate Nexus and Other Forms of Physical Presence

TaxConnex

These states include New Jersey, Illinois, New York, Nevada, Louisiana, Maine, Kansas, Iowa, and Rhode Island. The explosive growth of online sales means that state and local governments are searching for ways to recoup the tax revenue that they have determined they are owed.

article thumbnail

Vegas Rolls Dice On Reopening Shuttered Casinos

PYMNTS

Nevada’s governor has given the go-ahead for casinos to reopen on June 4. Nevada Gov. Steve Sisolak argued for reopening Vegas, in part by pointing to data that showed the outbreak is in decline across Nevada. “We

article thumbnail

Report: Zomato Teams With InCred For Loans To Restaurants In India

PYMNTS

based quick-service restaurant (QSR) chain Wendy’s is teaming with India’s Rebel Foods as well as Sierra Nevada Restaurants to roll out approximately 250 ghost kitchens , or cloud kitchens, throughout the country.

Nevada 66
article thumbnail

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

article thumbnail

California Goes Back Under Lockdown

PYMNTS

Cases in Alabama, Alaska, Arkansas, Georgia, Hawaii, Idaho, Louisiana, Montana, Nevada, Oklahoma, South Carolina, Tennessee and West Virginia surged by more than 20 percent in the past week, according to Johns Hopkins. . The number of coronavirus cases in the U.S. surpassed 3.3

article thumbnail

Las Vegas Not Near Normal As Casinos Curtail Offerings

PYMNTS

Just after midnight on June 4, resorts and gambling halls throughout Nevada opened again. The hospitality industry in Nevada was severely impacted; more than 122,200 hospitality and leisure employees lost their employment in April.

Nevada 62
article thumbnail

Wall Street Journal Addresses the Accountant Shortage, Suggests a Recession Could Fix It

Going Concern

The article goes on to profile a Nevada winemaker struggling to find accounting talent. I made my entrée into accounting way back in 2007, at the time my job involved a three-hour roundtrip journey across four Bay Area counties and back and I was looking for something a bit closer to home.

article thumbnail

Ex-NS8 CEO Charged With Defrauding Investors With Falsified Revenue

PYMNTS

which is based in Nevada, purportedly provides online retailers with fraud detection and prevention technology, according to the statement. “As The U.S. Securities and Exchange Commission ( SEC ) filed an “emergency action” against former NS8 Inc.

Nevada 84
article thumbnail

HSBC Settles Legacy Credit Cards Case

PYMNTS

The settlement, according to a press release on Wednesday (April 13), resolves a regulatory review of billing practices tied to credit add-ons sold to HSBC Bank Nevada customers. HSBC Bank Nevada was a former unit of HSBC Finance Corp. The company said that it discontinued sales of credit card add-on products four years ago and also sold its card and its retail services business in 2012, while the HSBC Bank Nevada unit was shuttered in 2013.

Nevada 40
article thumbnail

VirnetX Takes $503M Bite Out Of Apple For Patent Infringement

PYMNTS

Initially, Nevada-based VirnetX was asking for about $700 million in royalties. There's a new development in a decades old lawsuit after a jury in Tyler, Texas, ordered Apple to pay $502.8

Nevada 77
article thumbnail

US Treasury Tells Banks To Treat Hemp Businesses Like Any Other

PYMNTS

a Nevada-based, publicly-traded company that owns processing centers and a 5,000-square-foot retail store in Arizona, praised FinCEN’s update.

Nevada 111
article thumbnail

Bitcoin Daily: Hedgefund Billionaire Plans $1B Crypto Venture; Baton Gets Series A Funding

PYMNTS

On the regulatory front, Cointelegraph reported that Nevada’s finance regulator, the Financial Institutions Division of the Department of Business and Industry (NFID), said bitcoin ATM operators must conform to existing rules. . Nevada currently has 110 bitcoin ATMs. Elwood Asset Management — owned by British billionaire and Brevan Howard Founder Alan Howard — is planning a $1 billion venture into the crypto hedge fund space.

Nevada 63