Nevada: Tax Rate Increase in Washoe and Clark counties

The Nevada Department of Taxation is trying to get the word out regarding a sales tax rate increase in Washoe and Clark counties that went into effect April 1, 2017. Apparently, some businesses are reaching out to the department saying that they were not informed of the increase. If you’re business operates in either of those counties, please see below for specific information regarding the rate increase.

Washoe County
Effective April 1, 2017, the Sales and Use Tax rate for Washoe County increased from 7.725% to 8.265%.

Clark County
Effective April 1, 2017, the Sales and Use Tax rate for Clark County increased from 8.15% to 8.25%.

If you have any questions, please contact the Parasec Nevada office at 888.972.7273. You can also reach out to the Department of Taxation’s call center directly at 866.962.3707.

Delaware: Special Schedule for Division of Corporations on June 9

On Friday, June 9 an off-site employee recognition event is planned for all the employees of the Department of State Division of Corporations. Staff members will be departing at 11:30 a.m., and there will not be an evening shift. This schedule change will mean:

  • There will be no Priority 3 (same-day service) or Priority 5 (“must approvals”) available.
  • All 30-minute and Priority 1 (one-hour service) must be received by 10:00 a.m.
  • Priority 2 (two-hour service) must be received by 9:00 a.m.
  • All Priority 4 (24-hour service) must be received by 12:00 p.m.

Give our Delaware office a call at 888.372.7273 if you have any questions.

Wyoming: Changes to Notice Requirements Relating to Business Entities

Effective July 1, 2017, Wyoming House Bill 0023 permits the Wyoming Secretary of State (WY SOS) to send notices via first class mail and/or electronic means—including email—rather than by certified mail. Additionally, the bill allows the WY SOS to return rejected documents within 15 days instead of five days, and eliminates the publication of notice that a LLP’s registration has lapsed. To read the bill in its entirety, click here.

Hawaii: Second Quarter Annual Business Reports

The Hawaii Department of Commerce and Consumer Affairs’ (DCCA) Business Registration Division (BREG) has issued a reminder that annual reports for entities that incorporated/qualified in April, May or June are due by June 30th every year after. That said, Hawaii annual reports can be filed at any time during the quarter in which the annual filing is due…so don’t delay! Failure to meet the deadline results in a $10 penalty per year, which really isn’t much, but there’s no point in incurring unnecessary late fees, right? For filing-related questions or assistance, give our registered agent department, Paracorp, a call at 888.272.3725 or email paracorp@myparacorp.com.

Delaware: Alternative Business Entities Annual Tax Payments

Every limited liability company, limited partnership and general partnership that is registered to do business in the state of Delaware (both foreign and domestic) is required to pay an annual tax of $300 due on or before June 1 of each year. Failure to meet the deadline will result in a $200 penalty fee, as well as interest on both the annual tax and penalty fee, which will accrue at a rate of 1.5% per month. If franchise tax payment is not made for 3 consecutive years, the Delaware entity will be deemed void on the Secretary of State’s records. If Paracorp is your registered agent and you need any additional assistance, feel free to give us a call at 888.272.3725 or shoot us an email at paracorp@myparacorp.com. Clients that wish to remit payment directly to the State of Delaware Division of Corporations may do so by going here.

For those of you dealing with the headaches involved in maintaining compliance for multiple entities, we have a solution! Centralize your compliance with Parasec’s Managed Annual Report Services (MARS), and our experienced staff will help you greatly reduce the risk of missed filings, costly penalties, the loss of good standing and, ultimately, the security of your business. Parasec will track each of your entities for you, in each state, and their required report filings throughout the year. Protect your business entities by enrolling in MARS. Give us a call today at 888.272.3725.

Nevada: Changes to Apostille/Certification Form

Effective May 1, 2017, the Nevada Secretary of State will no longer process authentication requests without the new Apostille/Certification Order Instructions form completed with the applicant’s signature under the affidavit in the top box. Any apostille request submitted without this signed form will be returned. Furthermore, the state will require the original signed form with a “wet” signature. For more information, please reach out to our apostille and legalization team at apostilles@parasec.com.

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