Fractional CFO Services in Las Vegas

A contractor is the consumer of its materials: it pays sales or use tax when it buys them, and no sales tax applies to the contract price. Construction pays the Commerce Tax at 0.083% of Nevada gross revenue above $4,000,000. Contractors pay a flat license fee rather than the revenue-based one, $250 a year in Las Vegas and $100 per half-year in Henderson and unincorporated Clark County. More on fractional controllers for construction companies.

An owner pays on the contract's schedule, or within 21 days of a pay request when there is no schedule or the contract is oral. An owner that withholds payment must give written notice by the due date. The general contractor then pays each subcontractor no later than 10 days after being paid, and late amounts carry interest at the higher of the contract rate or the prime rate at Nevada's largest bank plus 4%. A waiver of these rights is void, though the rules don't cover public works or an individual's own single-family home.

No more than 5% of each progress payment, whether the owner is holding it from the general contractor or the general contractor from a subcontractor. The balance is due within 30 days after occupancy or use, or after notice that the work is available for use. Public works follow a separate statute: 5% until the job is 50% complete, then no more than 2.5%, or 5% if the agency is withholding under NRS 338.525.

A subcontractor or supplier that didn't contract with the owner serves a notice of right to lien, with a copy to the general contractor. Lien rights reach back only 31 days before that notice is served, so a late notice shrinks the lien. On residential and apartment projects, a 15-day notice of intent to lien comes before recording. The lien is recorded within 90 days after the latest of completion of the project, the claimant's last delivery or its last work, or within 40 days after a notice of completion is recorded and served.

It depends on the category. The City of Las Vegas charges marketing and business consultants $300 a year, fulfillment centers $3,000 and internet retailers $5,000; professional firms pay $200 for the first professional and $150 for each additional one, or the revenue-based fee if greater once they pass 100 professionals. Henderson charges professional firms $100 per half-year for the first professional and $75 for each additional one, and unincorporated Clark County charges consultants $200 a year. A business without a specific category pays the revenue-based fee in all three.

Yes. A buyer of a business outside the ordinary course must hold back enough of the price to cover sales tax, the Modified Business Tax, the Commerce Tax and any other tax the Department of Taxation administers until the seller produces a receipt or certificate, or it becomes personally liable up to the price paid. Unemployment insurance contributions follow the same holdback rule. More on finance for a newly acquired business.

Yes, when the agreement is supported by valuable consideration, restrains no more than the employer needs, imposes no undue hardship on the employee and is proportionate to the consideration. It is void for an employee paid solely by the hour, not counting tips, and it can't stop a former employee from serving a customer who seeks them out unsolicited. After a reduction in force, it holds only while the employer keeps paying salary, benefits or severance. A court must revise an overbroad agreement rather than discard it.

Not when they share at least 50% common control. Revenue from that kind of affiliate is deductible as pass-through revenue, and so are receipts from selling capital assets and business property under Internal Revenue Code sections 1221 and 1231. Each entity above $4,000,000 pays at its own industry rate, with industries set by the 2022 NAICS codes for years beginning July 1, 2025.