New Mexico New Employer Information
Congratulations on your decision to become a new employer in New Mexico! You will need a few things in place before you run your first payroll:
Federal and State Tax Accounts
Federal Tax Accounts:
- Although it is not required, we suggest youregisterfor the EFTPS (Electronic Federal Tax Payment System).
- EFTPS is an easy way to pay your federal taxes online or view any tax filings made on your behalf by Patriot. To find out more about EFTPS, please read our article,“What Is EFTPS?”
State of New Mexico Tax Accounts
- New Mexico new employers canregister their business online新墨西哥州税收和税务局
- With this one application, you will be able to sign up for your income withholding account, Workers’ Compensation account, and any other tax account applicable to your business.
- 您将收到一个新墨西哥州税收识别号,您将使用它来报告和支付您的州所得税(SIT),并为工人补偿提交WC-1。For more information about the WC-1, please seeWC-1 instructions.
- As a new employer in New Mexico, you will need toregister your business onlinefor your state unemployment insurance (SUI) account.
- After registration, you will be given an Employer Account Number (EAN) and have access to the UI Tax System to report wages and pay SUI contributions.
- New Mexico’s new employer SUTA rate iseither行业平均失业保险缴款率或1%(以较高者为准)。To find new employer industry rates, please visit theDepartment of Workforce Solutionsto get your SUTA rate based on your NAICS code or call 1-877-664-6984.
- Your original SUTA rate will remain in effect until you have acquired two years as an experience rate. Employers in New Mexico will receive a new State Unemployment Tax Assessment (SUTA) rate every year thereafter.
- To learn more about SUTA, please read our article, “What Is SUTA Tax?”
Setting Up Your New Employee:
- New Mexico’s minimum wage is $11.50 per hour in 2022. However, some cities enforce their own minimum wage. You must comply with the highest wage law. Please check with your local government to verify your city minimum wage.
- By law you are required to post theminimum wage posterfor your employees.
Once you have all the necessary information, you will be able to set up your payroll for your business.
你需要保留所有的工资记录至少三年。For more information, please read our help article, “What Should I Include in My Employee Payroll Records?”
Let us know if you have any questions. We are here to help!
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