WHAT IS THE NEW MEXICO GROSS RECEIPTS TAX?Written by Dianne Goodman, CPA
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You will need to keep your records for up to 10 years if there is evidence of tax fraud. Normally assessment period is 3 years back from end of year tax was due. If you have under-reported by more than 25%, Department can go back up to six years and seven years for non-filed reports. So don’t forget to file those reports if you are required as penalty could be much higher than if you had filed them. If you have a specific question about your particular situation, e-mail me at dianne@dgoodmancpa.com and I will help you with your questions. This article was intended to provide general information about New Mexico Gross Receipts Tax. It does not contain all rules and exceptions that may apply to your situation. If you have further questions regarding this, I can be reached at www.dgoodmancpa.com. You have permission to reprint what you just read. Use it in your ezine, at your website or in your newsletter. The only requirement is to include following footer... WHAT IS THE NEW MEXICO GROSS RECEIPTS TAX? By Dianne Goodman, visit http://www.dgoodmancpa.com for more content like this.
Dianne Goodman, CPA – Specializes in servicing Small Businesses and Individuals. Visit www.dgoodmancpa.com for relevant and current information on a variety of financial and tax issues focusing on small businesses and individuals or call at 1-888-851-1975. CONTACT INFORMATION: Dianne Goodman, CPA Comprehensive Small Business Solutions, PC 505 323-2307 1 888-851-1975 toll free http://www.dgoodmancpa.com
| | How to start a Home BusinessWritten by Carolyn B Smith
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for you. Whatever your choice, be sure that you believe in it. You must be committed in order for your business to flourish. In most cases you already have tools that are necessary to start a home business. Items such as a computer and being linked to an internet provider are some examples. You can find warehouses with huge inventories that are ready to sell. You do advertising and they will ship. They keep inventory and deposit your profits. You advertise and spend profit! Actually they do everything, they keep up with inventory, even when someone places an order order goes to warehouse, and they fill order, ship, and send you profit. You can also be an affiliate of these companies. You sell company and collect a percentage of profit from sell of company. The best part about business is that you are apart of a team that is helping others. My favorite support team is Plug-in-Profit. They have a support team that is always available who will keep you focused and encouraged. During time of initial set up of your business, they provide a detailed outline for your business. They even tell you what sites you can go to for advertising, email, or trafficking assistance. Many of these are free or have a minimum free. You will love stating a business with right tools.
Carolyn Bell Smith retired as a Lead Sales Clerk from the Postal Service. In addition to her home businesses, she enjoys gardening, sewing, and most of all helping people. She is married with two adult children
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