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
联邦税收账户:
- 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?”
新墨西哥州税务账户
- New Mexico new employers canregister their business onlinewith the New Mexico Taxation and Revenue Department.
- 通过这一申请,您将能够注册您的收入扣缴账户,工人赔偿账户以及适用于您业务的任何其他税务账户。
- 您将收到新的墨西哥税收征收号码,您将用来报告并支付您的州所得税(坐下),以及为工人赔偿的文件WC-1。有关WC-1的更多信息,请参阅WC-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 iseitherthe industry average Unemployment Insurance Contribution rate or 1% (whichever is higher). 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:
- Fill out the requiredForm I-9。
- This is a two-part form. The first section is filled out by the employee and the second part is to be filled out by the employer. To learn more, please read,“表格I-9简称。”
- You must retain each employee’s completed Form I-9 as long as the individual works for you. For more information, please read“What Should Be Kept in an Employee File?”
- New Mexico’s minimum wage is $10.50 per hour in 2021. 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.
You will want to keep all payroll records for at least three years. 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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