NCET

In life, it’s said that two things are certain – death and taxes. But in business there’s only one certainty: taxes. Tax obligations go hand-in-hand with running a business. From the federal government on down to city hall, you need to be aware of which taxes your business needs to pay, how much in taxes you owe, and when you need to file. Make a mistake and your tax bill grows. At the same time, if you plan ahead, take the right available deductions, and prepare your tax returns properly, you can save on the amount of taxes your business must pay.

Taxes may be the least favorite topic for small business owners, but it’s one of the most important. The steps you take before the end of the tax year can help your business save money almost immediately. At the same time, the beginning of the next tax year is a good time to review whether you are maximizing your deductions and maybe even get a second opinion on additional ways you can save on taxes. Knowing how to minimize the amount of taxes you pay means that you get to keep more of the money you earn. Failing to properly manage your taxes means that your business might wind up in trouble. Read full story:

Technorati Tags: Inc,Elizabeth Wasserman, Richard M. Colombik, Barbara Weltman, J.K. Lasser’s Tax Deductions for Small Business, American Recovery and Reinvestment Act of 2009, business, NCET, Nevada’s Center for Entrepreneurship and Technology

SCORE will be conducting a workshop during NCET’s eWeek Nevada on Thursday, March 11 from
6:30 – 8:30 p.m. at the UNR Redfield Campus. Visit www.score-reno.org for more information or to register for the event.

Technorati Tags: SCORE, eWeek Nevada, UNR Redfield Campus, business, NCET, Nevada’s Center for Entrepreneurship and Technology

This may not be a sign of a potential economic upswing, but it’s surprisingly positive financial info nonetheless: Twitter is profitable all of a sudden. And it’s all thanks to Google.

For months the way Twitter works financially has been a bit of a mystery since its amazing popularity would’ve launched it into some profit-making scheme much sooner, or so the Web had thought. But Biz Stone repeatedly denied Twitter would be moving into a Web-advertising mode–which would have seemed the easiest way for Twitter to earn cash–and has been touting business extras like analytic tools as Twitter’s road to profitability, over the long term.

Which is why the news over at Business Week about Twitter’s profitability is so surprising. The theory is that the extremely high-profile live Tweet-feed search deal with Google (and Microsoft too) is the key: It’s earned Twitter some $25 million in licensing fees. Combined with internal cost-cutting and leveraging of Twitter’s massive popularity to reduce the fees cell phone networks charged the company for SMS-based Tweeting powers, this has resulted in a positive number on the bottom line of Twitter’s financial statement. Read full story:

Technorati Tags: Business Week, Twitter, Kit Eaton, business, NCET, Nevada’s Center for Entrepreneurship and Technology

The renewable energy industry boom is expected to create much-needed jobs for electricians and construction workers in Nevada.

And the green push already is putting more lawyers to work.

Every Public Utilities Commission filing and Bureau of Land Management application is backed by not just a team of engineers and businesspeople but also lawyers with expertise in energy regulations, local and national land use provisions and environmental protection laws.

They call themselves environmental lawyers and their ranks are growing.

Several corporate law firms in the state have expanded their environmental law practices or reassigned lawyers from less-active practices.

Although many real estate and transactional lawyers in Nevada have been laid off in the past year and a half, those with training in energy regulatory law or renewable energy issues are finding work at the states’ biggest firms.

Read full story:

Technorati Tags: Stephanie Tavares, Las Vegas SUN, Public Utilities Commission, Bureau of Land Management, Kathleen Drakulich, McDonald Carano Wilson, U.S. News & World Report, environmental law, UNLV’s Boyd School of Law, Lionel Sawyer & Collins, Linda Bullen, Melissa Orien, Holland & Hart, LEED, American College of Environmental Lawyers, Jeffrey Thaler, business, NCET, Nevada’s Center for Entrepreneurship and Technology