The Value of a Professional License Obtaining a professional license in New Mexico—whether for construction, law, accounting, pharmacy, or another regulated profession—requires significant time, effort, and financial investment. Beyond the work it takes to earn, your license represents more than just credentials. It is your livelihood, granting you the legal right to practice your profession and support yourself and your …
Fiduciary Duties and Constructive Trust in New Mexico Real Estate
Fiduciary duties lie at the heart of the real estate profession. When individuals engage a real estate broker to help them navigate the process of purchasing property, they are entitled to honesty, loyalty, and the utmost good faith. If a broker breaches these fiduciary duties for personal gain, courts in New Mexico—and elsewhere—have a range of equitable remedies at their …
Why Nail Technicians Are Often Susceptible for Gross Receipts Tax Audits in New Mexico
Insights from a Former Nail Tech! Nail technicians in New Mexico frequently face audits for unpaid gross receipts taxes (GRT), largely due to the unique nature of their work and a lack of clarity about their tax obligations. The Common Scenario Picture this: you receive a letter titled “Notice of Limited Scope Audit Commencement” from the New Mexico Department of …
