Invoice Software for Insurance Agent / Brokers in New Mexico

Invoice software for insurance agent / brokers in New Mexico: NM sales tax 4.88% (applies to services), late fees capped at 1.5%/mo under N.M. Stat. §56-8-3. Free plan available; Pro $45/mo.

State sales tax
4.88%
Late fee max
1.5%/mo
Avg invoice
$1,850
Metros
4
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New Mexico compliance for insurance agent / brokers

  • Sales tax: 4.88% state rate. Applies to services. GRT (gross receipts tax) 4.875% applies broadly including services.
  • Late fees: Up to 1.5% per month under N.M. Stat. §56-8-3. Default 8.75%/yr; contract rates allowed.
Avg invoice
$1,850
Net terms
30 days
Deposit
0%
State
NM

Insurance Agent / Brokers by metro in New Mexico