How to Invoice as a Financial Advisor in Midland, TX

Invoicing guide for financial advisors in Midland: 6.25% TX sales tax, 1.5%/mo late-fee cap, plus TX licensing and contractor rules.

Combined sales tax
6.25%
Late fee cap
1.5%/mo
Net terms
30 days
Deposit
0%
Create your first invoice freeSee pricing

1. Midland-specific tax handling

  • State sales tax: 6.25%. Local jurisdictions in Midland may add their own rate — verify with your local tax assessor.
  • Late fees: TX statute Tex. Bus. & Com. Code §2.207; Tex. Fin. Code §302.002 caps interest on unpaid invoices at 1.5% per month.

2. Standard financial advisor line items

  • Plan preparation flat fee — billed by flat.
  • Hourly advisory — billed by hour (~$295 default).
  • AUM fee — annual % — billed by pct (~$1 default).
  • Tax-prep coordination — billed by flat.

3. Payment terms that work in Midland

Net 30 is standard for financial advisors.0 Accept card and ACH on the invoice itself — Midland customers expect a one-click payment link in their inbox.

4. Licensing & disclosures

Series 65 / 66 + state RIA registration required for fee-only advisors. CFP / CFA designations are industry-standard.

Metro
Midland
State
TX
Net terms
30 days
Deposit
0%

Nearby metros

Related