New Mexico: Bill Requires Wage Report, Information Return E-filing
A bill – NM SB 344 – requiring businesses with more than 50 employees to file all employee information returns electronically was referred to the New Mexico Senate Corporations and Transportation Committee.
The bill also would require businesses with more than 50 employees to file quarterly wage reports electronically.
Penalties for failure to file electronic wage reports would be $500 for businesses with between 50 and 250 employees, and $1,000 for businesses with more than 250 employees.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.