When you acquire or sell a business, you naturally want to perform your due diligence to identify and analyze any risk associated with the transaction....

Effective July 1, 2021 New Mexico has moved to destination-based sourcing from origin-based sourcing. For monthly gross receipts tax filers, gross receipts tax returns due...

New Mexico State and Local Tax Coronavirus UpdateTax Holiday Legislation Passed February 24, 2021New Mexico’s first session of the 55th State Legislature passed a measure...

Don’t hit snooze ̶ significant changes to gross receipts tax are approaching fast!Back in April 2019, New Mexico Governor Michelle Lujan Grisham signed House Bill...

On June 3, Congress approved sweeping changes to the Paycheck Protection Program (PPP), and President Trump is expected to sign it into law—the PPP Flexibility...

Starting July 1, 2019, both in-state and out-of-state companies doing business in New Mexico became subject to new state tax laws initiated by House Bill...

Beginning July 1, 2019, out-of-state and online retailers who lack physical presence in New Mexico may be required to collect and remit New Mexico gross...

Under new Arizona law that takes effect October 1, 2019, out-of-state online retailers doing business in Arizona may be required to collect and remit transaction...

On April 4, New Mexico Governor Michelle Lujan Grisham signed House Bill 6 into law, initiating complex changes to New Mexico tax laws over a...

The Internal Revenue Service has provided clarification – including detailed examples – of the tax treatment of state and local tax refunds arising from any...

On February 4, New Mexico Governor Michelle Lujan Grisham signed Senate Bill 106 into law, closing the tax loophole that had allowed property owners to...

The wheels of the Wayfair decision are turning across the U.S.Federal tax changes had a ripple effect across many states in 2018. In fact, 13...

In the beginning of what may become a national rollout of the landmark South Dakota v. Wayfair Supreme Court decision from this past June, the...

SOUTH DAKOTA V. WAYFAIR AND ONLINE SELLER TAXATIONIn its decision on South Dakota v. Wayfair on June 21, 2018, the U.S. Supreme Court overturned a...

As part of the Tax Cuts and Jobs Act (the Act), the limitation imposed on the state and local tax (SALT) deduction as part of...

A REVIEW OF THE DECISION In a 5-4 ruling on June 21, 2018, the U.S. Supreme Court overturned a 1992 precedent that barred states from...

Explosion in Online Sales Has Changed Business DramaticallyThe U.S. Supreme Court today handed down a decision on the highly anticipated South Dakota v. Wayfair case,...

New Mexico Governor Susana Martinez signed House Bill 245 on March 3, 2018, effective immediately. The main purpose behind this bill is to resolve the...

The Colorado Department of Revenue (CDOR) has issued updated guidelines for use tax reporting requirements for retailers that do not collect Colorado sales or use...

On January 12, 2018, the United States Supreme Court made the decision to hear State of South Dakota vs Wayfair Inc., Overstock.com, Inc., and Newegg...