Tax & accounting services in New Mexico
BATS helps individuals and businesses across New Mexico with tax preparation, tax planning, IRS problems, bookkeeping and payroll, with advisors who know New Mexico rules.
What to know about taxes in New Mexico
New Mexico taxes personal income, and state returns are filed with the New Mexico Taxation and Revenue Department. Planning has to account for both federal and New Mexico rules.
Whether you are filing a personal return, running a growing company or answering a letter from the IRS or the state, we pair you with an advisor who works through New Mexico returns every season.
New Mexico at a glance
- State tax agency
- New Mexico Taxation and Revenue Department
- Income tax on wages
- Yes
- Local income taxes
- Not common
- Cities with pages
- 4
Rates and thresholds change every year. Ask your advisor for the figures that apply to you.
Major cities we serve in New Mexico
Albuquerque
Tax preparation, planning and accounting for Albuquerque, NM.
View AlbuquerqueLas Cruces
Tax preparation, planning and accounting for Las Cruces, NM.
View Las CrucesSanta Fe
Tax preparation, planning and accounting for Santa Fe, NM.
View Santa FeRio Rancho
Tax preparation, planning and accounting for Rio Rancho, NM.
View Rio RanchoEvery BATS service is available in New Mexico
Tax Preparation & Filing
Accurate federal, state and local returns for individuals, businesses, trusts and nonprofits.
Individual Tax Preparation
Federal and state Form 1040 preparation for W-2 earners, families and investors, filed electronically and reviewed line by line.
Learn moreTax Preparation & FilingBusiness Tax Preparation
Partnership, S corporation and C corporation tax returns prepared accurately and on time, with K-1s delivered to owners.
Learn moreTax Preparation & FilingSelf-Employed & Freelancer Tax
Schedule C returns, self-employment tax planning and quarterly estimates for freelancers, contractors and gig workers.
Learn moreTax Preparation & FilingMulti-State Tax Filing
Part-year, nonresident and multi-state business returns for people who moved, commute across state lines or work remotely.
Learn moreTax Preparation & FilingExpat & International Tax
U.S. tax returns for Americans abroad and foreign nationals in the U.S., including FBAR, FATCA and foreign income exclusions.
Learn moreTax Preparation & FilingEstate & Trust Tax
Form 1041 fiduciary returns, final personal returns and estate tax filings for executors, trustees and families.
Learn moreTax Preparation & FilingNonprofit Tax Filing
Form 990 series returns, tax-exemption applications and compliance support for charities, foundations and associations.
Learn moreTax Preparation & FilingAmended Tax Returns
Correct past returns with Form 1040-X or business amendments to claim missed refunds or fix errors before the IRS does.
Learn moreTax Planning & Strategy
Year-round planning that lowers what you owe before the return is ever filed.
Tax Planning & Strategy
Proactive, year-round tax planning that lowers your bill through timing, structure, retirement contributions and credits.
Learn moreTax Planning & StrategyBusiness Formation & Entity Selection
Choose the right structure (sole proprietor, LLC, S corporation or C corporation) and set it up correctly from day one.
Learn moreTax Planning & StrategyS Corporation Tax Strategy
S corp elections, reasonable salary analysis, payroll setup and annual 1120-S compliance that turn the election into real savings.
Learn moreTax Planning & StrategyReal Estate Investor Tax
Rental property, short-term rental, 1031 exchange, depreciation and cost segregation tax strategy for real estate investors.
Learn moreTax Planning & StrategyCryptocurrency & Digital Asset Tax
Crypto gains, staking, mining, DeFi and NFT tax reporting, reconciled across wallets and exchanges.
Learn moreTax Planning & StrategyQuarterly Estimated Taxes
Accurate quarterly estimated tax calculations and payment reminders that keep you clear of underpayment penalties.
Learn moreIRS Representation & Resolution
Audits, notices, back taxes and tax debt handled by people who deal with the IRS every week.
IRS Audit Representation
Representation before the IRS and state tax agencies during correspondence, office and field audits.
Learn moreIRS Representation & ResolutionBack Taxes & Unfiled Returns
Catch up on years of unfiled federal and state returns, reduce penalties and get back into good standing.
Learn moreIRS Representation & ResolutionIRS Payment Plans & Tax Debt Relief
Installment agreements, Offers in Compromise, currently-not-collectible status and lien or levy release.
Learn moreIRS Representation & ResolutionIRS Notices & Letters
Fast, accurate responses to IRS and state tax notices such as CP2000, CP14 and identity verification letters.
Learn moreIRS Representation & ResolutionIRS Penalty Abatement
Requests to remove failure-to-file, failure-to-pay and other IRS penalties through first-time abatement or reasonable cause.
Learn moreAccounting & Bookkeeping
Clean books, reliable payroll and financial reporting that keep your business ready for tax season.
Bookkeeping Services
Monthly bookkeeping, bank reconciliations and financial reports so your numbers are always current and tax-ready.
Learn moreAccounting & BookkeepingPayroll Services
Full-service payroll with direct deposit, federal and state payroll tax filings, W-2s and new-hire reporting.
Learn moreAccounting & BookkeepingQuickBooks Setup & Cleanup
QuickBooks Online setup, chart of accounts design, cleanup of messy books and training for you and your team.
Learn moreAccounting & BookkeepingFinancial Statements & Reporting
Compiled financial statements and management reports for lenders, investors, boards and owners.
Learn moreAccounting & BookkeepingFractional CFO & Advisory
Part-time CFO support: cash flow forecasting, budgeting, pricing, KPIs and growth planning without a full-time hire.
Learn moreAccounting & BookkeepingSales Tax Compliance
Sales tax nexus studies, state registrations, return filing and voluntary disclosure for sellers in multiple states.
Learn moreAccounting & Bookkeeping1099 & W-2 Filing
Year-end 1099-NEC, 1099-MISC and W-2 preparation and e-filing, with W-9 collection and TIN matching.
Learn moreAccounting & BookkeepingE-Commerce Accounting
Accounting for Amazon, Shopify and Etsy sellers: payout reconciliation, inventory, COGS and marketplace sales tax.
Learn moreOutsourcing Services
Extra capacity for CPA firms, tax practices and growing businesses: tax preparation, bookkeeping, AP/AR and dedicated accounting staff.
Outsourced Tax Preparation for CPA Firms
White-label preparation of 1040, 1065, 1120-S and 1120 returns inside your own tax software, ready for your review and signature.
Learn moreOutsourcing ServicesWhite-Label Bookkeeping for Firms
Monthly bookkeeping, reconciliations and close delivered under your firm's brand, so you can serve more clients without adding headcount.
Learn moreOutsourcing ServicesDedicated Remote Accounting Staff
A dedicated tax preparer, staff accountant or bookkeeper who works as part of your team, on your systems and your schedule.
Learn moreOutsourcing ServicesAccounts Payable & Receivable Outsourcing
Bill processing, vendor payments, invoicing, collections follow-up and cash application, handled on schedule with clear approval controls.
Learn moreOutsourcing ServicesOutsourced Accounting Department
A complete finance back office: bookkeeping, AP/AR, payroll coordination, monthly close and reporting, run by one team for a fixed monthly fee.
Learn moreNew Mexico tax FAQs
10 answers about taxes in New Mexico.
Do you prepare New Mexico state tax returns?
Yes. We prepare resident, part-year and nonresident New Mexico returns and file them with the New Mexico Taxation and Revenue Department, together with your federal return.
When are New Mexico individual returns due?
Many states follow the federal April 15 deadline, but some set their own dates. We track the New Mexico Taxation and Revenue Department deadlines for you and file extensions when they are needed.
Does New Mexico have a sales tax?
Yes. New Mexico charges sales tax, and local rates can add to the state rate. We help New Mexico businesses register, collect the right rate and file returns with the New Mexico Taxation and Revenue Department.
What payroll registrations does a New Mexico employer need?
Employers generally register with New Mexico for unemployment insurance and state income tax withholding, plus any other state payroll programs that apply. We handle the registrations and the ongoing filings.
Do I need to make New Mexico estimated tax payments?
If you have income without enough withholding, such as self-employment or investment income, New Mexico generally expects estimated payments during the year, with its own thresholds and due dates. We calculate federal and state payments together.
How are LLCs and corporations taxed in New Mexico?
New Mexico applies its own rules to LLCs, S corporations and C corporations, and in some cases charges franchise, gross receipts or minimum taxes regardless of profit. We review how your entity is treated in New Mexico before you form it or make an election.
I moved into or out of New Mexico. What do I file?
Usually a part-year return for each state you lived in during the year, with credits so the same income is not taxed twice. Our multi-state filing service handles this.
Can you represent me with the New Mexico Taxation and Revenue Department?
Yes. In addition to IRS matters, we respond to notices and audits from the New Mexico Taxation and Revenue Department when you authorize us to.
Can a New Mexico business work with BATS remotely?
Yes. We work with New Mexico businesses through video meetings, secure document upload and cloud accounting software, so there is no need to visit an office.
Which New Mexico cities do you serve?
We have dedicated pages for Albuquerque, Las Cruces, Santa Fe, Rio Rancho, and we work with clients anywhere in New Mexico.
We serve every state
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, D.C.
- West Virginia
- Wisconsin
- Wyoming
Tax help for New Mexico
Book a consultation and get a clear plan for your taxes and books, wherever you are in the U.S.