New Mexico Business Considerations · Small Business Addendum

New Mexico does not have a traditional sales tax. Instead, the Gross Receipts Tax applies to virtually all business activity including services, and rates vary by municipality. This addendum covers personal and corporate income tax, the corporate franchise tax, the GRT and how it differs from a sales tax, annual report filing, business license requirements, registered agent obligations, and unemployment insurance. Written in plain English.

A companion to The Small Business Owner's Guide to Clean Books by Tidecount Financial Services.