Blog Category:
Taxes
New Mexico Truck Taxes Went Up. What Contractors Pay Now
New Mexico raised its weight distance tax by 35% on July 1, 2026. The tax applies to vehicles with a...
Can I Afford an Accountant for My New Mexico Business?
The Quick Answer Yes. The better question is whether you can afford not to have one. Most business owners don't...
New Mexico Gross Receipts vs. New Mexico Gross Receipts Tax: What’s the Difference?
Short Answer Gross Receipts are the total dollars your business receives from selling products or services. New Mexico Gross Receipts...
Do Contractors Have to Charge New Mexico Gross Receipts Tax?
Short Answer In most cases, yes. If you're an independent contractor working in New Mexico—whether you're a painter, plumber, electrician,...
LLCs & S Corps: A Tax Saving Strategy for Contract Workers
An LLC is a business structure that provides legal protection against personal liability. It separates personal assets from business debts,...
End-of-the-year Tax Planning Strategies
Year-end can be an important time to review your taxes. It can help you discover tax saving opportunities you can...
How to Choose the Right Business Structure
Starting a new business is filled with decisions and one of the most important ones you’ll make is the business...
