Written by Dianne Goodman, CPA

Continued from page 1

You will need to keep your records for up to 10 years if there is evidence of tax fraud. Normallyrepparttar assessment period is 3 years back fromrepparttar 148390 end ofrepparttar 148391 yearrepparttar 148392 tax was due. If you have under-reported by more than 25%,repparttar 148393 Department can go back up to six years and seven years for non-filed reports. So donít forget to file those reports if you are required asrepparttar 148394 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 allrepparttar 148395 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 includerepparttar 148396 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 Ė 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.


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 Business

Written 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 haverepparttar 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 dorepparttar 148356 advertising and they will ship. They keeprepparttar 148357 inventory and deposit your profits. You advertise and spend profit! Actually they do everything, they keep up withrepparttar 148358 inventory, even when someone places an orderrepparttar 148359 order goes torepparttar 148360 warehouse, and they fillrepparttar 148361 order, ship, and send yourepparttar 148362 profit. You can also be an affiliate of these companies. You sellrepparttar 148363 company and collect a percentage ofrepparttar 148364 profit fromrepparttar 148365 sell ofrepparttar 148366 company. The best part aboutrepparttar 148367 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. Duringrepparttar 148368 time ofrepparttar 148369 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 withrepparttar 148370 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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