TAX EXPERTS WHO ARE TRULY THERE FOR YOU

New Mexico: Top Business Tax Preparers in the state – Hire the Right CPA

Let’s find you the

right CPA

Within minutes!

What do you need help with?

Why CPAs in New Mexico are better online

If you use a CPA for expert tax advice and to help prepare your taxes, you're probably used to searching your home office for all your receipts and tax records and dragging yourself across town to a brick and mortar CPA's office. If you've kept good records like spreadsheets and other recorded data, your CPA would spend several hours (also if you're lucky) going over everything with you. Then you would emerge into the daylight with a big bill for your CPA's services, and the CPA would file your taxes. You would spend the next couple weeks hoping that you would get a refund that would be at least enough to cover the CPA's bill. But times have changed, and it doesn't have to be that way anymore. Thanks to digital technology and just about everything being done online, you can find tax services in New Mexico online and have an even better experience with an expert who is well-versed in New Mexico CPA services. This is probably no surprise, since we can now order just about anything on the internet, talk to our loved ones 1,000 miles away, and start a small business online with almost no start-up cash. But it may not yet be common knowledge that you don't have to keep records manually using spreadsheets or keep your receipts for every single business purchase. In fact, there's an app that uses a powerful A.I. to track your expenses and catch every possible tax write-off. When tax time comes, all of your information is stored in the app, so there's no need to keep records manually. FlyFin's CPA team has your back with unlimited tax advice in the app, instead of costly consultations with CPA firms in New Mexico. Their 100+ combined years of tax knowledge on the system in New Mexico is combined with CPA services in New Mexico that pertain to the needs of self-employed individuals of all types, plus knowledge about LLCs, S-Corporations, sole proprietorships and other business structures.

Find the best CPA for you

STEP 1/2

Are you a freelancer or self-employed?

Yes

No

RECOMMENDED

STANDARD

CPAs file 2022 taxes (Federal & State)

$20/mo

Save 20% Limited time offer

$16/mo

Billed annually. 7-day free trial. Cancel anytime.

Try it free

What's included

Everything in Basic +

CPAs file 2022 taxes for the
Self Employed -federal & state

Tax Audit Insurance

PREMIUM

CPAs file 1099 + LLC or S Corp returns

$41/mo

Save 30% Limited time offer

$29/mo

Billed annually. 7-day free trial. Cancel anytime.

Try it free

What's included

Everything in Standard +

CPAs file 2022 taxes for the
Self Employed and LLC or S Corp.

Designated CPA - Zoom call

CPAs file taxes for you

7-day free trial

Billed annually

Start for free

Why choose a FlyFin CPA?🤔

Facts and figures about
taxes in New Mexico

4,158

CPAs across the state

new-mexico
population

2,117,522

Residents as of 2022

population

98,060

People claiming self- employment tax deductions

population

41,210

S-Corps statewide

population

58,710

People taking itemized deductions

population

105,120

People claiming the QBI deduction

😵‍💫 Smart CPAs are accessible and affordable, but there's only 1 New Mexico CPA for every 300 residents.

😓 19 million taxpayers filed late last year. Smart CPAs can help taxpayers be prepared.

😨 Smart CPAs can help the 30 million Americans who miss tax deductions each year.

😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.

Download now

How to set up an LLC in New Mexico

New Mexico State Income Tax Rates & Brackets for 2023

The following tables represents New Mexico's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

$0 - $5,500

1.70%

$5,500 - $11,000

3.20%

$11,000 - $16,000

4.70%

$16,000 - $ 2,10,000

4.90%

$ 2,10,000+

5.90%

MARRIED FILING JOINTLY

Brackets

Rates

$0 - $8,000

1.70%

$8,000 - $16,000

3.20%

$16,000 - $24,000

4.70%

$24,000 - $ 3,15,000

4.90%

$ 3,15,000+

5.90%

Filing Status

Standard Deduction Amt.

Single

$12,950

Couple

$19,425

New Mexico State Sales Tax Rates for 2023

County

Tax Rate

Bernalillo County

8%

Catron County

7.88%

Chaves County

7.77%

Cibola County

8%

Colfax County

8.38%

Curry County

8.06%

De Baca County

7.94%

Dona Ana County

8.50%

Eddy County

7.77%

Grant County

8.24%

Guadalupe County

8.49%

Harding County

7.27%

Hidalgo County

7.63%

Lea County

7.31%

Lincoln County

8.31%

Los Alamos County

7.19%

Luna County

8.38%

Mckinley County

8.19%

Mora County

7.65%

Otero County

8%

Quay County

8.25%

Rio Arriba County

8.94%

Roosevelt County

8.06%

San Juan County

8.31%

San Miguel County

8.27%

Sandoval County

8.19%

Santa Fe County

8.94%

Sierra County

8.50%

Socorro County

7.69%

Taos County

8.81%

Torrance County

8.06%

Union County

8%

Valencia County

8.55%

New Mexico State IRS Statistics of Income for 2020

Size of adjusted gross income

Item
(All amounts are in 1000s of dollars)

Number of returns

Number of single returns

Number of joint returns

Number of head of household returns

Number of individuals

Adjusted gross income (AGI)

Total income: Number

Amount

Salaries and wages in AGI: Number

Amount

Business or profession net income (less loss): Number

Amount

Partnership/S-corp net income (less loss): Number

Amount

Self-employed health insurance deduction: Number

Amount

Student loan interest deduction: Number

Amount

Charitable contributions if took standard deduction: Number

Amount

Total itemized deductions: Number

Amount

State and local income taxes: Number

Amount

State and local general sales taxes: Number

Amount

Qualified business income deduction: Number

Amount

Child and dependent care credit: Number

Amount

Child and other dependent tax credit: Number

Amount

Self-employment tax: Number

Amount

Earned income credit: Number

Amount

Refundable education credit: Number

Amount

Recovery rebate credit: Number

Amount

Total tax liability: Number

Amount

Total additional Medicare tax: Number

Amount

Net investment income tax: Number

Amount

Tax due at time of filing: Number

Amount

Total overpayments: Number

Amount

All returns

995,280

516,960

308,630

155,540

1,810,180

56,128,535

964,080

56,723,514

756,850

36,593,364

135,920

1,409,655

41,210

1,982,013

17,850

127,731

48,760

33,127

225,960

58,333

58,710

2,041,854

50,210

463,277

7,240

15,439

105,120

605,101

16,430

7,799

231,160

457,903

98,060

275,478

196,600

454,308

33,830

25,673

190,390

276,422

656,800

6,394,115

12,590

17,210

17,690

122,691

171,890

850,156

771,630

2,533,959

Under $1

44,290

33,540

7,350

2,670

59,290

0

13,110

0

3,380

121,854

6,160

0

2,830

0

670

4,289

550

456

6,650

1,685

0

0

0

0

0

0

0

0

0

0

10

6

1,350

3,630

2,370

3,174

720

593

22,110

31,575

1,720

4,597

90

144

0

0

840

2,271

28,400

76,116

$1 under $10,000

143,200

114,420

13,560

13,740

174,080

658,291

143,180

677,358

88,810

475,913

20,020

49,150

1,610

0

820

2,459

1,270

856

15,370

3,567

1,040

25,327

320

1,002

510

366

160

85

0

0

50

23

15,310

10,174

49,060

58,551

4,360

3,317

40,010

61,754

17,970

11,087

10

15

0

0

7,650

3,454

108,010

169,932

$10,000 under $25,000

206,760

134,750

26,500

42,950

327,080

3,611,713

206,760

3,658,037

162,180

2,536,429

28,490

199,528

2,820

0

1,740

5,890

4,380

2,459

30,280

7,346

2,350

57,860

990

2,615

1,060

965

10,380

6,332

940

226

23,470

8,561

23,450

36,076

74,400

229,870

8,410

6,196

42,700

66,656

114,000

93,951

10

37

0

0

16,580

14,520

183,380

528,201

$25,000 under $50,000

252,820

131,720

53,730

62,740

465,640

9,110,455

252,820

9,191,360

216,430

6,969,829

26,260

205,936

4,570

12,876

2,670

11,495

14,110

8,418

50,830

12,793

6,070

151,220

4,060

7,752

1,730

2,713

21,910

31,944

4,700

2,109

87,030

114,255

18,790

43,164

68,330

161,321

8,430

6,157

33,830

47,614

189,450

419,406

20

24

0

0

36,140

44,432

215,210

645,090

$50,000 under $75,000

128,390

55,130

50,680

20,110

258,300

7,868,903

128,390

7,942,279

105,760

5,721,776

16,310

148,762

4,410

31,075

2,220

12,352

11,750

8,537

37,350

9,759

8,610

216,285

7,240

19,979

1,240

2,664

16,290

36,475

2,600

1,237

43,270

105,890

11,020

31,591

2,450

1,392

4,140

3,216

18,790

24,761

116,780

550,733

20

27

0

0

30,000

56,469

98,050

282,571

$75,000 under $100,000

77,590

23,520

45,540

7,450

173,320

6,713,653

77,590

6,771,957

63,030

4,654,331

11,350

124,683

4,150

44,110

1,820

11,200

6,630

4,465

27,280

7,282

8,460

219,420

7,540

28,789

820

2,226

13,060

36,336

2,210

1,136

26,890

78,905

7,640

26,081

0

0

2,790

2,132

13,380

14,995

75,360

582,118

40

33

0

0

21,730

55,868

55,690

189,055

$100,000 under $200,000

109,670

19,540

84,050

5,090

270,900

14,783,238

109,670

14,927,721

90,590

10,005,272

19,600

335,654

10,510

231,557

4,090

33,041

10,060

7,936

45,570

12,401

19,340

600,108

18,090

112,130

1,140

4,042

27,410

119,224

4,530

2,340

41,110

123,688

13,660

63,675

0

0

4,990

4,062

19,360

28,952

108,970

1,704,420

750

236

260

103

41,820

180,482

67,610

305,722

$200,000 under $500,000

27,820

3,580

23,400

680

69,870

7,751,087

27,820

7,850,044

23,010

4,534,591

6,410

297,702

7,330

555,278

2,670

29,758

0

0

11,270

3,117

10,100

413,462

9,460

121,057

560

1,927

12,790

140,721

1,300

669

9,300

26,504

5,370

41,398

0

0

0

0

220

115

27,820

1,328,475

9,140

6,381

13,250

16,203

14,610

190,532

13,110

145,249

$500,000 under $1,000,000

3,340

510

2,730

70

8,370

2,233,943

3,340

2,268,229

2,640

927,232

940

100,910

1,910

466,055

730

10,733

0

0

1,020

285

1,840

123,306

1,690

52,852

130

373

2,100

66,964

120

66

40

71

1,000

11,300

0

0

0

0

0

0

3,340

522,249

1,810

5,107

2,920

17,784

1,820

98,484

1,490

58,971

$1,000,000 or more

1,400

240

1,110

30

3,330

4,556,480

1,400

4,577,728

1,030

646,137

390

66,292

1,080

1,034,814

420

6,514

0

0

340

98

920

234,866

830

117,101

60

163

1,030

167,020

30

16

0

0

470

8,389

0

0

0

0

0

0

1,400

1,177,079

700

5,206

1,270

88,601

710

203,644

680

133,052

Frequently Asked Questions

How does New Mexico tax filing work online?

Exactly what is a New Mexico CPA?

What does an online New Mexico Certified Public Accountant do?

How does a FlyFin Smart CPAs work online?

Ask a CPA in other states

Ask a CPA in Counties of New Mexico

How do FlyFin CPAs save freelance taxpayers time and money?

Unlike employees, who have taxes automatically deducted from their paychecks, freelancers, sole proprietors, gig workers and independent contractors have to be responsible for everything tax-related. FlyFin was designed to meet all of their unique tax needs in one place. The A.I.-powered tax app automatically tracks business expenses to find every write-off and lets taxpayers of all kinds file their taxes. FlyFin CPAs answer any tax question at no cost and take 95% of the effort of doing taxes out of taxpayers' hands by filing 100%-accurate state and federal tax returns and saving taxpayers $3,500 on average.
https://dem95u0op6keg.cloudfront.net/image/PriceCalculator.webp

Expert tax CPAs ensure 100% accurate tax filing

https://dem95u0op6keg.cloudfront.net/image/AiBrain.webp

A.I. finds every tax deduction eliminating 95% of your work

https://dem95u0op6keg.cloudfront.net/image/MoneySack.webp

On average users save $3,700

rightCTAImage
Was this tip useful?
happy-active
Yes
happy-active
No