NCET

The U.S. Internal Revenue Service will extend a moratorium on penalties until June 1 for failing to report transactions considered tax shelters.

The rule applies to individuals or other taxpayers that fail to disclose transactions the IRS deems as potentially tax evading, such as employer contributions to post-retirement benefit funds. The levy is as high as $100,000 a year for individuals and $200,000 for all other taxpayers, according to the IRS.

It is assessed each year a transaction is not reported and may be charged to both a business and its owner. The department will also “hold off” filing new lien notices on amounts owed, IRS Commissioner Doug Shulman told Congress yesterday.

“The penalty has ended up snagging small businesses that weren’t advised of their responsibility to disclose,” Senator Ben Nelson, a Nebraska Democrat, said in a statement last month. Read full story:

Technorati Tags: Business Week,Internal Revenue Service,Doug Shulman,Senator Ben Nelson,Kathleen Pakenham,White & Case LLP,Senator Charles Grassley,U.S. Small Business Administration’s Office of Advocacy,Alexis Leondis,Margaret Collins,business,NCET,Nevada’s Center for Entrepreneurship and Technology

A two-day workshop, sponsored by the Nevada Small Business Development Center, is specifically designed for new users planning to use QuickBooks. Learn to properly setup, prevent and correct common mistakes, prepare, read and understand common financial reports. Learn how to make your life easier! Attendees take a 200+ page workbook with them. Class is taught in traditional classroom style, eliminating hands-on computer use for optimum learning!

Presenter: Marie Gibson

Two session course, must attend both.

Topics:

March 17, 2010 – March 18, 2010 – 8:30 AM – 4:00 PM
Redfield Campus, 18600 Wedge Parkway – Nell J Redfield Bldg A, Room 206
Reno

Fee: $225

Registration: Online or (775) 784-1717

The Good, the Bad, and the Ugly – unfiltered Advice from an Advanced QuickBooks Pro Advisor

Tuesday, March 16, 2010 – 11:30 – 1:00

Common QuickBooks Mistakes and how to Prevent Them

Are you a new user and want to set up software correctly?

Are you an accountant and can’t understand why the software isn’t working for your clients?

Are you a bookkeeper and need a little bit more confidence with QuickBooks?

Are you a non-profit organization curious to see if QuickBooks will work for you?

Join Advanced QuickBooks Pro Advisor, Marie Gibson as she helps you prevent these common mistakes with QuickBooks.

Learn how your daily transactions feed through the Chart of Accounts directly to your financial statements.

Leave this session with confidence that QuickBooks is a program that you will LOVE!

Tuesday, March 16, 2010 – 11:30 – 1:00 – we’ll start promptly.  Light lunch included

Morrison University, 10315 Professional Circle, 2nd Floor

$15 – proceeds benefit NCET

RSVP by clicking here – Sorry, unable to accommodate walk-ins

www.marie-gibson.com

(775) 720-3282

Nevada has a chance to redefine itself during this recession and its future is bright once the national and global economies improve, according to the chief economist for Wells Fargo & Co.

“You will recover again. It is a nature of the game,” said John Silva, who was the featured speaker at the March 2 Nevada Taxpayers Association’s annual meeting. “You had your first accident, and now you have a choice … Are you going to learn from your first accident and be more cautious, be thoughtful and think ahead a little bit? Or are you going to drive like a teenager all over again and get into another accident? That is the challenge you have going forward.”

The state doesn’t know what its strengths and weaknesses are and what direction it is heading, and the biggest challenge is deciding what Nevadans want the state to look like in the next 20 to 30 years, Silva said. Read full story:

Technorati Tags: Buck Wargo,In Business,Wells Fargo & Co.,John Silva,Nevada Taxpayers Association,Bill Anderson,Employment Training and Rehabilitation Department,Jeremy Aguero,Applied Analysis,business,NCET,Nevada’s Center for Entrepreneurship and Technology

The NCET Entrepreneur Expo is here!

If you have a small business or plan to start one, please join us today starting at 9 am for the FREE NCET Entrepreneur Expo at the Atlantis Casino Resort Spa in Reno. It’s Nevada’s only business-to-business Expo designed exclusively for small and new business.

Our educational sessions begin at 9 am. At 11 am, Lt. Governor Brian K. Krolicki cuts the ribbon to open the Exhibit Hall featuring 100 exhibitors, each there to help your small or new businesses.

The educational sessions run from 9 am until 5 pm and include these timely topics:

- What IS Social Media Marketing and Why Is It Important?
- It’s Not a Business if You Don’t Sell Anything: What Every Entrepreneur Needs to Know about Selling.
- BOLD Customer Service, this is the year of the Bold.
- Financing Your Business
- Ask the Expert, Q&A session
- Any many, many more! Complete list of topics and speakers

Our exhibit hall is open from 11 am until 6 pm and features 100 exhibitors – each there to help you start or grow your business:

- Banks / Lenders
- Marketing, graphics design and printers
- Professionals, including attorneys and accountants
- Federal and state agencies
- Educational resources
- County and local agencies
- Complete list of Exhibitors

See you there!