A State By State Accounting Guide

Steps to Becoming an Accountant in Nevada

By Susan Maphis, AccountingEdu contributing writer
Updated August 2015

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In 2014, the Nevada Research and Analysis Bureau of the Department of Employment, Training and Rehabilitation lists accounting as one of the top 100 occupations in the state based on current growth trends, as well as projections of future growth. 

The Nevada State Board of Accountancy licenses CPAs in the state, requiring candidates to complete 150 semester hours of college-level education, obtain a bachelor’s degree at minimum, pass the Uniform CPA Exam, and fulfill two years of public accounting experience.

 Because a bachelor’s degree will only result in about 120 semester hours of college credit, aspiring CPAs often enroll in a master’s degree program to earn the additional 30 semester hours at the same time they are gaining the two years of experience necessary for licensure. 

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*Qualifying for a CPA license requires a bachelor’s degree at minimum and a total of 150 semester hours of college credit to include coursework in accounting, business and ethics. Since bachelor’s programs typically result in just 120 semester hours of credit, the American Institute of CPAs (AICPA) maintains that earning a Master of Science in Accounting is the best way to achieve the full 150 semester hours you need to become licensed.

Big Four CPA firm Deloitte has an office in Las Vegas, and Ernst & Young has offices in both Las Vegas and Reno. Some of the biggest employers of CPAs and accountants in the state are the companies headquartered here that contribute to Nevada’s major tourism and gaming industry. Among these are gaming industry giants International Game Technology, Bally Technologies, and American Casino & Entertainment Properties, all with headquarters in Las Vegas. CPAs and other accounting professionals working as private industry managerial accountants also work in diverse industries for businesses that range from real estate development company, The Howard Hughes Corporation, to software security company FBM Software, both of which have corporate offices in Las Vegas.

Employment Industries for Nevada’s Accountants

According to the publication, Nevada Workforce Informer, other than gaming and tourism, most accountants in Nevada will be employed in the professional, scientific, & technical services industry, accommodation & food services industry, and in the government between 2012 and 2022.

The professional, scientific, & technical services industry consists of legal services, accounting services, tax preparation and payroll services, architectural related services, advertising services, computer systems design, scientific research services, and more. In Nevada, the Paradise office of financial services company Edward Jones employs managerial accountants and internal auditors in addition to their financial advisors. Others are employed in the Las Vegas branch office of investment company, Merrill Lynch, and with insurance giant, Sun America Financial Group, which has offices in Reno.

Mining companies in Nevada are numerous. They include two major gold mining outfits, Newmont Mining in Eastern Nevada and AngloGold in Elko, as well as construction and mining company Ledcor, with its Civil Mining and Infrastructure division offices in Reno and Henderson.

State and federal government are also leading employers of accountants in the state. Government accountants work for state agencies like the Nevada Employee Action and Timekeeping System in Gardnerville, and for federal agencies located in the state like the Nellis Air Force Base, which is located seven miles north of Las Vegas.

Nevada Accountants: Salary and Employment Facts

The Bureau of Labor Statistics (BLS) of the U.S. Department of Labor estimates that in May 2014, 7,600 accountants worked in the state making an average annual salary of $63,260. According to BLS figures, the highest concentration of accountants was in the Las Vegas/Paradise area, followed by the Reno/Sparks area and Carson City.

In 2014, accountants who work in the Reno-Sparks area earn the highest average accounting salaries in the state, making $63,790 on average each year. Because of the high volume of tourism in Las Vegas, it’s no surprise that accountants working in the Las Vegas - Paradise earn the state’s second highest average annual salary, bringing in an average of $63,710 annually. In both the Reno-Sparks area and the Las Vegas-Paradise area, accountants in the 90th percentile make upwards of $90,000 per year.

Nevada Accountancy and Tax Laws in the News

The Nevada Legislature recently approved a sweeping $620 million tax bill that included approval of five different major spending bills. Under the newly approved state budget, the average Nevada citizen will pay $44 per year in new taxes, or $3.67 per month per household. 

The legislature also voted on a resolution that would remove many of the tax breaks the mining industry has enjoyed over the years. If passed, this resolution would repeal the state’s constitutional provision that currently limits taxes on mining companies to five percent of the net proceeds the mine receives from minerals. It is believed by many state legislators that the expiration of this tax privilege extended to the mining industry is long overdue and will generate some much-needed tax revenue for the state.