JAACOVI TAX & BOOKKEEPING

1. Nevada’s Business License Requirement Isn’t Optional Every business operating in Reno — whether you’re a one-person LLC or a multi-employee company — must maintain an active Nevada State Business License . You can file or renew through the Nevada Secretary of State’s SilverFlume portal , but make sure it’s renewed annually . Forgetting to renew can trigger penalties or suspension of your LLC status. 2. Watch for the Nevada Commerce Tax While Nevada doesn’t have a corporat

When you move from California to Nevada, your tax picture changes dramatically — but it’s not as simple as cutting ties one day and being free from California’s reach the next. California is notorious for keeping a close eye on former residents who still have financial connections to the state, and it’s essential to handle your move carefully to avoid an audit headache later on. The first thing to understand is that California taxes residents on all their income, no matter wh

Here’s the reality, stripped of hype and slogans: there is not a law that completely erases all taxes on tips or overtime. What actually...

For family-owned businesses, one of the most overlooked strategies for reducing taxes and keeping more money in the household is hiring...

When you file April 2026 returns for the 2025 tax year, you’ll notice a fatter standard deduction—up several hundred dollars more from...

As 2025 unfolds, staying on top of tax planning is more important than ever. New tax laws, inflation adjustments, and economic shifts...

Converting your LLC into an S Corporation (S Corp) is a decision that can offer significant advantages but also comes with potential...

As a small business owner, every dollar counts. Maximizing tax deductions can significantly reduce your taxable income and keep more...

The Trump tax cuts, formally known as the Tax Cuts and Jobs Act (TCJA), were enacted in December 2017, significantly altering the...

A Health Savings Account (HSA) is a type of personal savings account designed to help individuals save and pay for qualified medical...

Divorce is a significant life event that comes with various emotional and logistical challenges. One often overlooked aspect is the tax...

As tax season rolls around, many taxpayers eagerly await their refunds, anticipating the financial relief they bring. However, the...

The home office deduction is a tax benefit that allows individuals who use a portion of their home exclusively for business purposes to...

Real estate transactions involving corporations can have significant tax implications, and understanding the concept of taxable events is...

As the year draws to a close, it's not only a time for festive celebrations but also a crucial period for strategic financial planning....

For small business owners, managing finances can be a complex and challenging task. One key aspect that often gets overlooked in the...

Individual Retirement Accounts (IRAs) are popular vehicles for saving for retirement, offering various tax advantages and investment...

In the intricate world of business finance, bookkeeping stands as a cornerstone process. It involves meticulously recording and...

Tax season can be a stressful time for many individuals and businesses. When it comes to filing your taxes, you have a choice: do it...

In the ever-evolving world of finance, cryptocurrency has emerged as a groundbreaking and transformative technology. Beyond its potential...