CPA Guide
Top CPA Firms in New Mexico
Find trusted, highly-rated Certified Public Accountants across New Mexico. Independently reviewed and ranked by our editorial team.
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CPA Services in New Mexico
New Mexico has a unique economy shaped by federal government spending (military installations, national laboratories like Sandia and Los Alamos), energy production (oil, gas, and renewables), tourism, and agriculture. The state’s gross receipts tax — applied to almost all business revenue rather than just retail sales — requires specialized knowledge to manage effectively.
New Mexico has been working to diversify its economy and has enacted various tax incentives for technology companies, film productions, and manufacturers. CPAs in New Mexico are well-versed in the gross receipts tax system, federal contractor compliance, and the energy industry’s specialized tax requirements, particularly as the state’s renewable energy sector expands rapidly.
Top 6 CPA Firms in New Mexico
Ranked by our editorial scoring system based on verified ratings and review volume
#1
Duke City Tax, Accounting & Consulting, LLC
★★★★★ (416 reviews)
📍 3915 Carlisle Blvd NE, Albuquerque, NM 87107
📞 (505) 938-9555
Accounting
#2
Kelly Tax & Accounting Services
★★★★☆ (141 reviews)
📍 2131 N Main St, Las Cruces, NM 88001
📞 (575) 523-5800
AccountantBookkeepingBusiness To Business
#3
Jon Bell CPA & Associates
★★★★☆ (81 reviews)
📍 1303 Rio Grande Blvd NW #6, Albuquerque, NM 87104
📞 (505) 385-3535
Certified Public AccountantAccountingBookkeepingTax Preparation
#4
Montgomery CPA, LLC
★★★★☆ (50 reviews)
📍 8206 Louisiana Blvd NE Suite A, Albuquerque, NM 87113
📞 (505) 886-1040
Certified Public AccountantBookkeepingAccountantTax Preparation
#5
Jon Bell CPA & Associates
★★★★★ (35 reviews)
📍 150 Washington Ave Suite 201, Santa Fe, NM 87501
📞 (505) 675-4475
Certified Public AccountantAccountantTax Preparation
#6
Burgmaier Group
★★★★☆ (38 reviews)
📍 4425 Juan Tabo Blvd NE #250, Albuquerque, NM 87111
📞 (505) 299-8383
Certified Public AccountantBusiness BrokerBusiness Management ConsultantFinancial Consultant
🏆 How We Selected These Firms
Our editorial team evaluates CPA firms across New Mexico using a proprietary scoring model that considers:
✓ Google rating — only firms with 4.0 stars or higher are eligible
✓ Review volume — scored using a logarithmic formula to reward genuine review depth
✓ Verified address — firms must have a confirmed physical location
✓ No paid placements — rankings are editorial only, never paid
Last updated: 2025 | Data sourced from verified public business listings
New Mexico CPA & Tax FAQ
Q: What is New Mexico’s income tax rate?
New Mexico has a graduated income tax with rates from 1.7% to 5.9% on income over $210,000 for single filers. New Mexico taxes residents on all income and non-residents on New Mexico-source income. The state has been modernizing its tax code to broaden the base while reducing rates.
Q: What is New Mexico’s gross receipts tax?
New Mexico’s gross receipts tax (GRT) is applied to most businesses on their total gross receipts from selling goods, services, and leasing property in New Mexico. The statewide base rate is 5%, with local jurisdictions adding their own rates for a combined rate typically ranging from 7% to 9%. Unlike most states’ sales taxes, the GRT applies broadly to services, making compliance more complex.
Q: How does New Mexico handle oil and gas taxation?
New Mexico is a major oil and gas producing state, particularly in the Permian Basin. The state imposes various taxes on oil and gas production. Royalty owners receive income subject to New Mexico income tax. Depletion deductions — both cost and percentage — are important planning tools for oil and gas investors in New Mexico.
Q: What incentives does New Mexico offer to attract businesses?
New Mexico has developed various incentive programs including the New Mexico Job Training Incentive Program (JTIP), Investment Tax Credit for manufacturing equipment, and a competitive film tax credit program. The state has been working to diversify its economy beyond government and energy.
Q: Does New Mexico have favorable tax treatment for retirees?
New Mexico offers increasing retirement income exclusions, with residents 100 years old or older fully exempt from income tax. Residents 65 and older may deduct up to $8,000 of retirement income. Military retirement pay received by New Mexico residents is fully exempt from state income tax.
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