Dec 31, 2019
Tax Status for Companies
When clients ask me what type of tax status they should elect for their company, I usually respond with, “Please ask that question to your CPA or Accountant.” After all,...
Taxes
Dec 6, 2018
A S Corporation May Help You Save a Lot in Taxes
If you’re familiar with the different types of businesses out there, you’ve probably heard something about an S Corporation or “S-Corps”. Maybe a friend or colleague told you about some...
Sep 17, 2018
From the Experts – Tax Forms
Going into business for yourself is exciting, and being your own boss can be both rewarding and financially lucrative. However, there is more to going into business than hanging out...
Aug 27, 2018
Return of the C Corporation
If you’re starting a new business (or reorganizing an old one), you have a few options to choose from. For example, you could form a Limited Liability Company (or LLC)....
Jun 21, 2018
Internet Sales Tax and the Supreme Court
If you run a business large or small, it’s hard to ignore today’s headlines: Supreme Court rules states can force online retailers to collect sales tax (CNN), Supreme Court rules...
Jun 2, 2018
Business Entertainment and the TCJA
Congress recently passed the Tax Cuts and Jobs Act (TCJA). Most people know that the TCJA was the biggest tax overhaul in about 40 years. Some provisions of the TCJA...
Mar 15, 2018
Gross Receipts Tax in the Digital Age
In a previous article, we talked about New Mexico’s Gross Receipts Tax (or NM GRT). To summarize, New Mexico imposes a “sales tax” on the sale of services as well...
Apr 29, 2017
President Trump’s Tax Plan: Time to Form Pass-Through Entities?
This is not an endorsement for or against President Trump or his recently introduced 2017 Tax Proposal. It is simply a discussion of the effects of pass-through entities. We’ve been...
Oct 11, 2016
New Mexico Back Taxes and the Managed Audit
What can you do when your New Mexico Business owes back taxes? We explain what a Managed Audit is and how it can possibly help your business.
Sep 29, 2016
Donald Trump’s Tax Returns: Lessons for All Business Leaders
Why Donald Trump's decision not to release his tax returns is actually a valuable lesson to small business owners. (Its not what you think).
Jun 27, 2016
NM GRT is Changing Again on July 1, 2016!
New Mexico Companies – Your Gross Receipts Tax is Changing Again! Do you know what your Gross Receipts Tax (GRT) is? As a business owner, you are responsible for knowing...
Jun 16, 2016
Are You Responsible for Gross Receipts Tax on Out-of-State Sales?
Gross Receipts Tax Online: Do You Pay Gross Receipts Tax on Online Sales? Is your company located in the State of New Mexico? Is your company selling product online? Are...