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Local Man Offers Terrible Advice to Desperate New Mexico Taxpayers

Going Concern

The post Local Man Offers Terrible Advice to Desperate New Mexico Taxpayers appeared first on Going Concern. It’s not their fault and we know local TV stations don’t read fringe accounting tabloids but still…too little too late, my guy. Good luck to them I guess.

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The Taste Of New Mexico In A Subscription Box

PYMNTS

Entrepreneurs are sometimes inspired to create companies based on a place where they have strong ties: Eric Smith was born as well as raised in New Mexico and co-founded Nuevo Food Box , which offers a subscription box of food highlighting the flavors of the state. They met in the state, but they had to move away for work (and life).

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New Mexico Lawsuit Sparks Marijuana Business Tax Debate

PYMNTS

A lawsuit in New Mexico is reigniting the debate over marijuana business taxes, only this time, the controversy surrounds how to classify these companies under state tax code. million refund.

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New Mexico fire victims get tax relief

Accounting Today

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Vitamins, supplements and sales tax – the latest

TaxConnex

Special, more detailed conditions for sales tax or exemptions on these products apply in California (depending on calorie count and ingredients), the District of Columbia (doublecheck the fineprint definitions), New Mexico, Pennsylvania and (possibly) Virginia.

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Trends: Are sourcing rules changing (and making anything easier)?

TaxConnex

Other states are also changing: New Mexico switched to destination-based sourcing for both in-state and out-of-state sellers almost a year ago. Rather than level anything the Act puts remote sellers at a significant disadvantage to in-state sellers.

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What's New in Sales and Use Tax?

TaxConnex

In New Mexico , most businesses will now pay destination-sourced Gross Receipts Taxes. The state has also updated FYI-206 , describing the gross receipts tax collection responsibilities for online marketplace providers and marketplace sellers without physical presence in New Mexico.

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