At first glance, it seems pretty clear cut. Independent contractors provide services to a company, but are not on the payroll, and (usually) bill for their time separately via invoice, like a vendor. Possibly, the most notorious denotation of an independent contractor is the tax responsibility. Instead of getting a W-2, like regular employees, independent…
Continue reading…Nevada Commerce Tax FAQs—- Deadline is August 15, 2016!
We’re getting a lot of questions about this issue, and I admit, it’s a bit confusing. You see, the measure for the Margin Tax was defeated during Nevada’s last legislative session… But we have to now deal w/ the Nevada Commerce Tax. What is it? The Commerce Tax is a new annual business tax passed…
Continue reading…Things to Do Following the Death of a Loved One: Part III
Links to Part I and Part II of this Series. The following outlines some of the legal duties associated with serving as Trustee of your loved one’s trust. “I’ve Been Named as Trustee… Now What?!” And then there are a few additional items of which you need to be aware: Again, this general list of duties is not meant…
Continue reading…Things to Do Following the Death of a Loved One: Part II
Part II of this series covers issues specific to successor trustees/trust administration. Part I of this series can be found here. For Trusts: The Person(s) Nominated as “Successor Trustee” May Also Need to: Inform the family/other beneficiaries named in the Trust that you are the Successor Trustee. Give copies of the Trust to known…
Continue reading…Things to Do Following the Death of a Loved One: Part I
Within the First Week: Determine whether any of decedent’s (decedent = deceased person) property needs to be safeguarded, such as a home, vehicle, vacation house, office, etc. Ensure that proper funeral/cremation arrangements have been made. Look for any letters of instruction/final wishes – our clients are typically given a “Memorial Instructions” worksheet, located in their…
Continue reading…All About Business: Limited Liability Company (LLC) Basics
A Limited Liability Company (LLC) is a non-corporate entity that provides limited liability to all of its owners (called “Members”). An LLC has a legal identity separate from its Members. LLCs are flexible types of business organizations that combine many of the great features of both partnerships and corporations. The LLC is a popular business…
Continue reading…The Tax Deductions That Can Save You Thousands
by Renee Morad, Realtor.com You probably already know that owning a home comes with some sweet tax benefits, like the mortgage-interest and property-tax deductions. But did you know there’s a whole list of other homeowner-related tax breaks that you might be leaving on the table? We’re not talking chump change, either. Homeowners already save an average of…
Continue reading…Watch Tiffany Ballenger interview on August 29th episode of Fox News Channel’s “Bob Massi is the Property Man”
Tiffany Ballenger, Esq., of Phillips Ballenger Estate Attorneys, is again featured as a legal expert the Fox News Channel’s show, “Bob Massi is the Property Man” (episode aired on Saturday, August 29th). In this segment, Tiffany discusses different legal strategies and options for struggling homeowners. Watch Tiffany’s interview here. To learn more…
Continue reading…Fox News Channel features attorney Tiffany Ballenger
Phillips Ballenger’s Tiffany Ballenger was featured as a legal expert on the new Fox News Channel’s show, “Bob Massi is the Property Man”. “Bob Massi is the Property Man” brings viewers important analysis and answers on the real estate and housing markets. Fox News legal analyst and Nevada real estate attorney Bob Massi provides his…
Continue reading…Nevada Secretary of State Fees to Increase under SB 483- Effective July 1, 2015
Pursuant to SB 483 of the 2015 Nevada Legislature, effective July 1, 2015, certain Nevada Secretary of State fees will change as follows: Annual list and initial list fees will increase by $25.00 for all entity types (an increase from $125.00 to $150.00); State Business License Fees will increase from $200.00 to $500.00 for Corporations formed under…
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