NV Tax & Accounting Services
Kurt Simmons CPA provides comprehensive tax and financial services to individuals and businesses throughout Nevada (NV). With its no state income tax and booming business economy, we understand the unique financial landscape that comes with doing business in Nevada.
Under the CPA Mobility Act, our CPA — licensed in Maryland, Delaware, and Florida — is authorized to provide the full range of attestation, tax, and advisory services to Nevada clients without the need for an additional state license. This means Nevada individuals and businesses receive the same comprehensive service as our home-state clients: financial statement audits, tax strategy, IRS representation, virtual CFO services, and every other service we offer — delivered through our technology-forward, virtual-first practice model.
CPA Services Available in Nevada (NV)
NV Individual Tax Preparation
Comprehensive federal and Nevada state tax return preparation, including complex returns with investments, rental properties, and self-employment income.
Learn More →NV Business Tax Services
Tax preparation and planning for Nevada-based businesses including S-Corps, C-Corps, partnerships, LLCs, and sole proprietorships.
Learn More →NV Cryptocurrency Tax
Specialized crypto tax services for Nevada investors and traders. DeFi, NFTs, staking rewards, and exchange reporting handled with expertise.
Learn More →NV Trader Tax Services
Mark-to-market elections, wash sale tracking, and tax optimization strategies for active traders in Nevada.
Learn More →NV IRS Resolution
Professional representation before the IRS for Nevada taxpayers facing audits, collections, liens, levies, or offers in compromise.
Learn More →NV 83(b) Elections
Equity compensation planning and 83(b) election filing for Nevada startup employees and founders receiving restricted stock.
Learn More →NV Financial Statement Audits
Full-scope GAAS-compliant financial statement audits for businesses, nonprofits, and organizations requiring independent assurance.
Learn More →NV Review Engagements
Limited assurance engagements providing meaningful confidence in financial statements for lender requirements and stakeholder reporting.
Learn More →NV Compilations
Professionally prepared financial statements from management-provided data for internal reporting, small business needs, and bank presentations.
Learn More →NV Agreed-Upon Procedures
Targeted, customized engagements designed to address specific areas of concern with flexible scope tailored to stakeholder needs.
Learn More →NV Employee Benefit Plan Audits
DOL-compliant audits for 401(k), pension, and employee benefit plans meeting ERISA filing requirements and fiduciary obligations.
Learn More →NV Tax Strategy & Advisory
Proactive, year-round tax planning that identifies savings opportunities. Entity structure optimization, multi-state planning, and strategic initiatives.
Learn More →NV Cost Segregation Studies
Engineering-based analysis to accelerate depreciation deductions on commercial and residential rental properties, maximizing cash flow.
Learn More →NV Virtual CFO Services
Fractional CFO capabilities including financial modeling, cash flow management, KPI dashboards, and strategic financial leadership.
Learn More →NV Business Consulting
Operational assessments, process improvement, internal control design, and strategic planning to drive efficiency and profitability.
Learn More →NV Estate & Succession Planning
Comprehensive estate planning, business succession strategies, and wealth transfer optimization for business owners and high-net-worth individuals.
Learn More →NV Capital Markets Advisory
Securities compliance, FINRA regulatory guidance, and capital markets advisory for businesses navigating public offerings, private placements, and broker-dealer requirements.
Learn More →Nevada Audit Services in Detail
Nevada businesses, nonprofits, and benefit plan sponsors typically need an independent audit when state law, federal rules, lenders, grantmakers, or boards require external assurance. We perform GAAS-compliant attest engagements scoped to the specific assurance need — most commonly:
Nevada Nonprofit Audits
Nevada does not impose a state-mandated audit threshold for nonprofits beyond its general charitable solicitation requirements. Audited financial statements are routinely required by major Nevada funders — including the Engelstad Family Foundation, the Donald W. Reynolds Foundation, the Nevada Community Foundation, the United Way of Southern Nevada, and federal subrecipient grantors.
Nevada 401(k) & Employee Benefit Plan Audits
Nevada plan sponsors filing Form 5500 generally require an ERISA-compliant audit when the plan has 100 or more participants with account balances at the start of the plan year. We perform full-scope and §103(a)(3)(C) limited-scope benefit plan audits for 401(k), 403(b), and defined-benefit plans across Nevada, including plans sponsored by major Las Vegas Strip operators (MGM Resorts, Caesars Entertainment, Wynn Resorts, Sands), the Tesla Gigafactory and Reno-area operations, mining companies, and growing data center operations.
Nevada Single Audits (Uniform Guidance)
Nevada nonprofits, municipalities, school districts, tribal nations, and pass-through subrecipients that expend $1,000,000 or more in federal awards in a fiscal year are subject to the Single Audit requirements of 2 CFR Part 200.
Nevada Lender, Bonding & Investor Audits
Nevada banks, surety companies, and Nevada-based private equity, gaming-industry, and venture investors frequently require audited financial statements as a condition of credit facilities, surety capacity, gaming licensure, or capital raises.
Nevada Reviews & Compilations
Where a full audit is not required, we deliver review engagements (limited assurance) and compilations (no assurance) — both routinely accepted by Nevada lenders and stakeholders requiring CPA-prepared financial statements.
Nevada (NV) Tax & Business Landscape
Key Nevada Tax Numbers. Personal income tax: none. Corporate income tax: none. Estate tax: none. Nevada Commerce Tax: applies to businesses with Nevada gross revenue exceeding $4,000,000; rates vary by industry classification (26 categories) from approximately 0.051% to 0.331%. Modified Business Tax (MBT): 1.378% on quarterly wages above $50,000 (general business); 1.853% on all wages (financial institutions). Sales and use tax: 6.85% state, with combined Las Vegas/Clark County rate approximately 8.375%. No PTE.
Filing Mechanics. No individual income tax return. Nevada Commerce Tax is filed annually (TXR-030.01) by the 45th day after fiscal year end. Modified Business Tax is filed quarterly (TXR-020.04). Sales and use tax is filed monthly with the Nevada Department of Taxation.
Nevada as a Relocation & Asset Protection Destination. Nevada has become a top destination for relocators from California — driven by NV's no income tax, no estate tax, and strong asset protection laws. Nevada is also one of the leading domestic asset protection trust jurisdictions: NV's DAPT statute provides among the strongest protection in the country (a 2-year statute of limitations on creditor claims), and Nevada has one of the strongest charging-order-only LLC protections. Nevada also permits dynasty trusts of up to 365 years.
Nevada Economy & Who We Serve. Nevada's economy is dominated by tourism, gaming, and hospitality centered in Las Vegas and Reno. Other key sectors: logistics and distribution, mining (largest U.S. producer of gold and silver, plus growing lithium production), data centers (Switch Las Vegas, Apple in Reno), the Tesla Gigafactory in Sparks, and military (Nellis AFB, Creech AFB, Naval Air Station Fallon). Our typical NV clients include California relocators, real estate investors, professional gamblers and gaming industry professionals, crypto traders, mining and energy clients, and high-net-worth families using Nevada for asset protection and dynasty trust planning.
CPA Mobility in Nevada. Nevada has adopted CPA mobility provisions under the Uniform Accountancy Act. Kurt Simmons holds active CPA licenses in Maryland, Delaware, and Florida, and we confirm all applicable Nevada State Board of Accountancy mobility and firm registration requirements before commencing any engagement.
Cities and Communities We Serve. Our virtual-first practice serves clients across all of Nevada, including Las Vegas, Henderson, Reno (Tesla Gigafactory), North Las Vegas, Sparks, Carson City (state capital), Fernley, Elko, Boulder City, the Lake Tahoe region, and every Nevada county.
Why Nevada Clients Choose Us
- GAAS-compliant audit, review, and compilation experience for nonprofits, benefit plans, and privately held businesses
- Deep expertise in NV-specific issues: Nevada Commerce Tax compliance and industry classification, Modified Business Tax (MBT) on payroll, gaming industry tax accounting (tip reporting, professional gambler status, jackpot withholding), Nevada residency planning for California relocators, and Nevada asset protection structures (DAPT trusts, charging-order-only LLCs)
- Capital markets background — Kurt Simmons has passed the Series 65 examination (Passed; not currently held as an active license) in addition to holding the CPA
- Specialized practices in cryptocurrency taxation, active trader tax, and 83(b) elections for NV tech/Tesla/data center startup employees
- Technology-forward, virtual-first delivery — secure client portal, e-signature, and video consultations
- Transparent, fixed-fee engagements where possible — no surprise hourly invoices
Nevada CPA — Frequently Asked Questions
Do I need a Nevada-licensed CPA?
Nevada has adopted CPA mobility provisions under the Uniform Accountancy Act. Kurt Simmons holds active CPA licenses in Maryland, Delaware, and Florida, and we confirm any applicable firm-level Nevada State Board of Accountancy registration before commencing attest engagements.
Does Nevada have a personal income tax?
No. Nevada is one of nine states with no broad-based personal income tax. Nevada also has no corporate income tax. Nevada does impose a Modified Business Tax (MBT) on payroll and a Commerce Tax on gross receipts above $4 million.
What is the Nevada Commerce Tax?
The Nevada Commerce Tax applies to businesses with Nevada gross revenue exceeding $4,000,000 in a fiscal year. Rates vary by business industry classification (26 categories) ranging from approximately 0.051% to 0.331%. Returns are filed annually.
What is the Nevada Modified Business Tax (MBT)?
The Nevada MBT is a payroll-based tax. The general business rate is 1.378% of taxable wages above $50,000 per quarter. Financial institutions pay 1.853% on all wages.
I'm relocating to Nevada from California. What residency steps do I need?
Nevada has become a top destination for relocators from California. Key residency steps: NV driver's license, voter registration, primary residence in NV, banking and brokerage relocation, and demonstrating physical presence. With CA's aggressive residency audits — particularly around major liquidity events — pre-departure planning is critical.
What special tax issues apply to Nevada gaming industry professionals?
Nevada gaming industry professionals — dealers, executives, professional poker players — face specialized issues we handle: tip income reporting, gambling income vs. business income classification (professional gambler status), state and federal withholding on jackpots, and gaming-specific deductions and record-keeping requirements.
Do you serve Nevada clients outside Las Vegas?
Yes. Our practice is virtual-first, so we serve clients across all of Nevada — including Henderson, Reno, North Las Vegas, Sparks, Carson City, Fernley, Elko, Boulder City, the Lake Tahoe region, and every Nevada county.