New Mexico Gross Receipts Tax
If you’re a self-employed contractor, freelancer, or gig worker earning 1099 income in New Mexico, you probably owe New Mexico Gross Receipts Tax (GRT). This tax applies to most goods as well as services, and you’re responsible for collecting and paying it whether you live in New Mexico or just do business here.
Collecting, filing, paying and navigating all the requirements can be confusing, time-consuming and result in penalties and interest if you do it wrong. Don’t waste any more time or energy trying to figure it out. Let Arsenault CPA Firm lighten your load and your mind.
We have an all-inclusive tax package designed just for 1099 contract workers who do business in New Mexico and have to deal with NM GRT. First, we’ll help you officially set up your business as an S-Corp and get you registered with the state of New Mexico. Then, we handle your NM gross receipts filings and your end of the year business tax return.
You’ll have convenient 24/7 online access to all your information, receive monthly earning recaps, two check-in meetings per year, and can contact us anytime via email with your questions.
Contact Arsenault CPA Firm Today to See if You Qualify.
Free Consultation
One-Time Set-up
Ongoing Service
*You ask why payroll? This is a requirement of being an S-Corp but is where we save you considerable amounts of money. It’s time you stopped worrying about the compliance stuff and concentrated on growing your business.