Nevada · No income tax, Commerce Tax
CPA, bookkeeping & fractional CFO services in Nevada
Nevada has no personal or corporate income tax, but larger businesses pay the Commerce Tax on gross revenue, employers pay the Modified Business Tax on payroll and every business needs a state business license. CPA Torrance is a CPA-led firm based in Torrance, California that provides bookkeeping, tax planning, tax filing and fractional CFO support to Nevada businesses remotely.
- Serving all of Nevada remotely
- Nevada business license and Commerce Tax tracked for you
- Monthly reporting included
In short
Does Nevada have a business income tax?
Nevada has no personal or corporate income tax. Instead, businesses with Nevada gross revenue above $4 million a year file the Commerce Tax, employers pay the Modified Business Tax on wages, and nearly every business holds a Nevada state business license that renews each year. Sales tax starts at the state rate of 6.85% plus local rates.
- State income tax
- None
- State sales tax
- 6.85% + local
- Key business tax
- Commerce Tax, Modified Business Tax
- How we serve
- Remotely, statewide
Services in Nevada
What we do for Nevada business owners
From Las Vegas hospitality and entertainment companies to Reno logistics firms and Henderson contractors, Nevada businesses need organized books and federal-first planning. We provide monthly bookkeeping, federal and Nevada tax planning, filings and CFO reporting from one coordinated team.
Bookkeeping Services
- Monthly reconciliations in QuickBooks Online
- Nevada sales and use tax tracking
- Payroll and contractor payment review
- Monthly profit and loss and balance sheet
- Catch-up and clean-up bookkeeping
Tax Planning & Strategy
- Entity and S corporation review
- Commerce Tax threshold monitoring
- Federal and state estimated payments
- Multi-state income review
- Year-end tax planning meeting
Tax Filing & Compliance
- Federal business returns (1120, 1120S, 1065)
- Nevada Commerce Tax and Modified Business Tax returns
- Owner individual returns
- IRS and state notice help
- Due-date tracking for every filing
Fractional CFO Services
- Cash-flow forecasts
- Budget versus actual reviews
- Margin and pricing analysis
- Lender- and investor-ready reporting
- Growth and hiring plans
Nevada tax planning
Planning around Nevada taxes
Without a state income tax, Nevada planning focuses on federal tax, payroll-based taxes, the Commerce Tax threshold and any states where you also operate.
Book a 15-min callCommerce Tax threshold
We track Nevada gross revenue so you know when Commerce Tax filing applies and which industry rate fits.
Payroll taxes
The Modified Business Tax is based on wages. We review payroll so filings and deductions are correct.
Owners from California
Many Nevada businesses are owned or run by Californians. We make sure California does not tax income it should not.
Who we work with
Nevada industries we serve
We work with owner-led businesses across Nevada, with experience in the industries that drive the state economy.
Hospitality and entertainment
Hotels, restaurants and event companies with tips and payroll.
Construction
Contractors with job costing and equipment.
Logistics and warehousing
Distribution centers in the Reno and Las Vegas areas.
Real estate
Investors and short-term rental owners.
E-commerce sellers
Online brands with Nevada sales tax, inventory and multi-channel books.
Professional firms
Consultants, agencies and law firms billing by the hour, project or retainer.
Why Nevada businesses choose CPA Torrance
Areas we cover
Serving businesses across Nevada
Businesses in Las Vegas, Henderson, Reno, North Las Vegas, Sparks work in hospitality, gaming, logistics, construction and technology. CPA Torrance helps Nevada businesses, including those owned from out of state, stay compliant and organized through remote meetings.
- Las Vegas
- Henderson
- Reno
- North Las Vegas
- Sparks
- Carson City
- Summerlin
- Elko
- Video meetings on your schedule
- Secure document portal for statements and returns
- Cloud accounting you can see any time
FAQ
Nevada business tax and accounting questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
What financial services can CPA Torrance provide to Nevada businesses?
We provide monthly bookkeeping, federal and Nevada tax planning, business tax filing and fractional CFO services. Everything runs from one set of books, so your bookkeeper, CPA and CFO advisor work from the same numbers.
Do I need a Nevada state business license?
Almost every business operating in Nevada needs one, including many LLCs and home-based businesses. It renews every year with your annual list.
Can moving my company to Nevada avoid California tax?
Not by itself. California taxes residents on all income and nonresidents on California-source income. We review where you live and work and plan accordingly.
What is the Modified Business Tax?
It is a Nevada payroll tax employers pay on wages above a quarterly threshold, with rates that differ for general businesses and financial institutions.
Can CPA Torrance work with Nevada businesses remotely?
Yes. We serve businesses across Nevada, including Las Vegas, Henderson, Reno, North Las Vegas, Sparks, Carson City, Summerlin and Elko, through video meetings, a secure document portal and cloud accounting you can see any time. Our office is in Torrance, California.
How do I get started?
Book a 15-minute call or request a free financial assessment. We review your books, tax position and systems and recommend the right mix of support for your Nevada business.
Get your Nevada books and taxes in order.
Book a call to review bookkeeping and tax planning for your Nevada business.