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WESST Blog

checklist

Part 3: Ten Tax Tips to Know When You Register a Business in New Mexico»

In Part 3 of our 4-part series, REDW covers an additional 2 of the 10 items to be aware of when registering a business in New Mexico: Schedule C mismatch audits and Cash basis vs. Accrual basis reporting.

checklist

Part 2: Ten Tax Tips to Know When You Register a Business in New Mexico»

In Part 2 of our 4-part series, REDW covers an additional 3 of the 10 items to be aware of when registering a business in New Mexico: Available credits, nexus, and apportionment.

checklist

Part 1: Ten Tax Tips to Know When You Register a Business in NM»

REDW will cover 3 of the 10 items to be aware of when registering a business in New Mexico: types of income not subject to NM gross receipts tax, gross receipts tax deductions, and the difference between an exemption and a deduction for CRS reporting purposes.

budget

Budgeting Is Key To Business’ Financial Success»

One of the most important tools an entrepreneur can develop for a business is a budget. Budgets allow a business owner to not only plan for expenses, but to analyze expenditures and make changes according to the needs of the enterprise.

paint

Microenterprises are Reaching New Markets with Craft Entrepreneurship»

Micro-entrepreneurship is on the rise in the US, especially with the help of technology-focused companies that are creating platforms that enable the micro-entrepreneur to sell products and services directly to consumers.

business incubator

The Best Kept Secret in Economic Development»

WESST has been serving and guiding entrepreneurs for over a quarter century — taking their client’s ideas / dreams from embryonic concept to flourishing enterprises. WESST comprises one of the most intense and thorough teams of subject matter experts in New Mexico.

online media

Proactive Management of Online Information is Crucial»

In a world where someone’s opinion about your business is just a click away, it is increasingly important for entrepreneurs to control what appears about their business online. Developing a good online presence is a challenging task for many small business owners, and it requires a great deal of attention, effort and patience to maintain

small business opening

Small Businesses Play Key Role in Economic Growth»

When thinking about the local economy, success is often attributed to the largest players — frequently, these are the resident industry leaders who provide a variety of services and act as job creators en masse. Equally important, however, are the contributions made by local small businesses.

business plan

Business Plans Provide Guidance and Help with Financing»

Almost anyone who owns a business, or is thinking about starting one, has been told at some point that he or she needs a formal business plan. But what exactly is a formal business plan, and why do you need it for your business?

small business financing

New Small Businesses Have a Variety of Financing Options»

Figuring out how a new venture will be financed is one of the most challenging tasks a new entrepreneur will face. With all of the different options that are available, it can be very complicated for a new small-business owner to figure out the best way to secure funds for a new business. Fortunately, there are many different sources of funding, as well as community resources that can help you with financing your new venture.