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State Specific Updates

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New Mexico

State Web Site:  www.New Mexico.gov

General Business Requirement:

Apply to the Public Regulation Commission for a Certificate of Authority to conduct business in New Mexico.
 
Business Entity Registration Forms

Licensing/Registration:

New Mexico - Employee Leasing Program Forms

New Mexico - Employee Leasing Program Guidelines & Requirements

Agency Web Site - New Mexico Regulation & Licensing Department

Unemployment Insurance:

New Mexico - Employer UI Registration (PDF Form)

New Mexico - Employer Combined Registration (On-Line)

New Business Rate:  2.00%
Wage Limit:  $20,900
Employers Reporting Unit for SUTA  Contributions:  PEO

Agency Web Site - New Mexico Department of Workforce Solutions

State Taxes:

New Mexico - Business Tax Registration (PDF Form)

New Mexico - Employer Combined Registration (On-Line)

Agency Web Site - New Mexico Department of Taxation and Revenue

Workers’ Compensation:

Rating Bureau – NCCI

State Specific Requirements for PEO
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Workers’ compensation coverage can be provided by the PEO or client/co-employer.

Exclusive remedy benefits apply to both the registered PEO and client/co-employer, assuming all employees are covered.

Agency Web Site - New Mexico Workers' Compensation Administration

Benefit Plans:

PEO and/or client can sponsor fully insured benefit plans; however, certain filing requirements are necessary for PEOs.

See :  New Mexico- Insurance Regulation 13.19.3.9

Agency Web Site - New Mexico Public Regulation Commission