Register for
New Mexico Payroll Taxes

CorpNet can help you register for New Mexico payroll taxes. This saves you time and money, while also making it quick and easy to pay your employees.

New Mexico Payroll Tax Registration Bundle
Starting at $199

Here’s How It Works

Notepad and Pencil Icon

We collect your information.

CorpNet will collect information about you and your business to determine your eligibility for registration with the New Mexico Department of Revenue and the New Mexico Department of Labor.

magnifying glass icon

We check for accuracy.

We’ll personally contact you to assess your business tax registration needs and discuss the options available.

magnifying glass icon

We work closely with you.

After you place your order, your dedicated CorpNet agent will collect additional information needed to successfully complete your tax registration request. Once we have all we need, we will submit your application to the state.

mouse and money icon

We deliver!

We’ll provide you with your employer account registration details so you can give them to your payroll provider to help you pay your employees faster.

Excellent Service

“Excellent services.Very helpful and knowledgeable in their craft. “

Dr. Earle Baldwin

July 10, 2020

Trust Score: 4.9 | 426 Reviews

New Mexico Payroll Tax FAQs

What State Payroll Taxes Does New Mexico Have?

  • New Mexico Income Tax: New Mexico has a progressive income tax rate ranging from 1.7% to 4.9%, with varying tax brackets.
  • New Mexico Unemployment Insurance Tax: New Mexico employers pay a varying unemployment tax rate of 0.33% to 6.4% on a taxable wage base of $27,000.
    • New Employer Rate = 1.00%
    • Agriculture, Forestry, Fishing, & Hunting = 1.08%
    • Public Administration (Govt Entities Only) = 1.07%
  • New Mexico Workers Compensation Fee: New Mexico employees and employers must pay the state a Workers’ Compensation Fee. Employer fees are $2.30 per employee per quarter. Employee fees are $2.00 per quarter.

Am I Required to Register for New Mexico Payroll Taxes?

All New Mexico employers must register with the Department of Taxation & Revenue and Department of Workforce Solutions.

What is Unemployment Insurance Tax?

Unemployment Insurance Tax (UI) is a federally-mandated, state-run program that provides temporary payments to unemployed workers whose employment status is not a result of their own actions. New Mexico’s unemployment tax is managed through the New Mexico Department of Workforce Solutions.

What is the New Mexico Workers Compensation Fee?

The New Mexico Workers’ Compensation Act requires employers to pay the workers’ compensation assessment fees to the New Mexico Taxation & Revenue Department. The employee portion should be taken as a payroll deduction.

Do New Mexico Household Employees Require Payroll Registration?

Yes, as an employer of household employees, you are required to withhold New Mexico income tax from household employees’ wages and pay unemployment taxes.

Does New Mexico Require an Employer Payroll Tax Account Number?

Once CorpNet registers your business with the Department of Taxation & Revenue and Department of Workforce Solutions, you will be issued a New Mexico Tax Identification Number and Unemployment Tax Account Number. Your account numbers are required for all interactions to ensure your account is accurate. You must provide your account numbers when filing returns and making deposits in all electronic and paper filings.

What Kind of Information Do I Need for Payroll Tax Registration?

  • Name and Social Security number of all responsible parties
  • Doing Business As (DBA), if applicable
  • Physical business address and mailing address
  • Business phone number
  • Valid email address (contact person and business)
  • Nine-digit federal Employer Identification Number (EIN)
  • Industry description

What if I Don’t Have an EIN?

An EIN is a Federal Tax Identification Number provided by the IRS. If you do not have an EIN already, CorpNet can obtain one for you via their FTIN service.

What if I Don’t Have a Payroll Processor?

CorpNet works with the leading payroll processors and we can connect you with our trusted partners who will pay your employees, accrue the necessary taxes, and complete the necessary payments and documentation with state and federal authorities.

As Seen On

Accounting Today Logo in White
Fox Business Logo in White
Forbes Logo in White
Inc Magazine Logo in White
Wall Street journal Logo in White
Entrepreneur Magazine Logo in White
100% satisfaction guaranteed or we will refund 100% of our service fees with no questions asked!