Larry Hess CPA

My goal as your taxpayer representative is to get your tax problems under control.

WORKSHOP RESOURCES

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Basic (very basic) Bookkeeping Workshop
  • Slides (pdf)

 

Essential Gross Receipts Tax Workshop
  • Slides (pdf)

  • Gross Receipts Calculator Demo (Excel)

  • Annual & Monthly Gross Receipts Summaries (Excel)

  • Sales Compared to Gross Receipts (pdf)

  • How to Get a Business Tax ID Number (video)

  • How to File GRT Reports (video)

  • File an Amended GRT Return & Request a Refund (video)

 

IRS New Business Workshop
  • Slides (pdf)

  • Choice of Entity (pdf)

  • Calculate Quarterly Estimated Tax payments by Annualizing Income (Excel)

  • Calculate Federal Taxes as Percentage of Self-Employment Income (Excel)

  • 20 Factors the IRS Uses to Evaluate Worker Classification (pdf)

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Other

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  • Taxes Affecting Self-Employed People in New Mexico (pdf)

  • Payroll Tax Compliance Chart for New Mexico Employers  (pdf)

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I welcome consultations with other tax professionals.

  • HOME
  • TAX PROBLEMS
    • I owe more than I can pay
    • What does it mean to resolve a tax debt?
    • I have a return to file & can't pay
    • Have payment plan & can't pay this year
    • I got a letter or notice from the IRS
    • IRS took money out of bank or paycheck
    • I defaulted on my installment plan
    • I received an audit notice from the IRS
    • Does the IRS have forever to collect?
    • Can IRS penalties & interest be removed?
    • Do I have to deal with IRS by myself?
    • Isn't there a New Mexico tax amnesty?
  • NM GROSS RECEIPTS TAX
    • GRT humor
    • Isn't GRT the same as sales tax?
    • What are gross receipts?
    • What's exempt from GRT?
    • Non-taxable transaction certificates
    • Do I use the GRT rate for my location?
    • I received a GRT audit letter
    • GRT & double taxation
    • Do non-profits pay GRT?
    • Calculating gross receipts
    • Bank deposits vs gross receipts
    • Compare deposits wth GRT reports
    • Is GRT a deductible business expense?
    • Are reimbursed expenses subject to GRT?
  • BUSINESSES
    • Three things a new business should know
    • What to know about record keeping
    • Using your home for business
    • Using your vehicle for busines
    • Family members working in a business
    • Employees vs. independent contractors
    • Should business owner prepare own return
    • Payroll taxes seem complicated
    • Who should get a 1099?
    • Fix incorrect classification of workers
    • Can I outsource my payroll?
  • INDEPENDENT CONTRACTORS
    • Independent contractors are businesses
    • What is the sharing or gig economy?
    • I didn't get a 1099. Do I owe tax?
    • Do independent contractors owe GRT?
    • Taxes self-employed people pay
  • ARTICLES FOR EVERYONE
    • Can I get a refund on an old return?
    • How to correct mistakes on tax return
    • Are estimated taxes really estimates?
    • Minimize estimated tax penalty
    • How long should I keep my tax records?
    • Get copies of tax returns & transcipts
    • How does the IRS contact taxpayers?
    • IRS penalties & interest
    • Hobby or business income?
    • Early retirement account withdrawals
    • Does changing my name affect my taxes?
    • Planet IRS is confusing to say the least
  • WORKSHOPS
    • Essential NM Gross Receipts Tax
    • Basic (very basic) Bookkeeping
    • IRS Small Business Workshops
    • Workshop Resources
  • Register for my workshops
  • Workshop feedback
  • Need my help?
  • Contact me
  • About me
  • Article feedback
  • Make a payment
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The information provided in this website is for general informational purposes only. Readers should seek advice from a competent attorney or tax professional regarding specific tax issues.  © 2022, Lawrence H. Hess CPA. All rights reserved.