Invoice Software for Insurance Agent / Brokers in Tennessee

Invoice software for insurance agent / brokers in Tennessee: TN sales tax 7.00% (services usually exempt), late fees capped at 1.5%/mo under Tenn. Code §47-14-103, written contracts required over $25,000. Free plan available; Pro $45/mo.

State sales tax
7%
Late fee max
1.5%/mo
Avg invoice
$1,850
Metros
10
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Tennessee compliance for insurance agent / brokers

  • Sales tax: 7.00% state rate. Generally exempts services. State 7%; combined commonly 9.25-9.75%.
  • Late fees: Up to 1.5% per month under Tenn. Code §47-14-103. Formula rate equals 4% over Federal Reserve discount rate; contract rates capped.
  • Written contract: Required over $25,000.
Avg invoice
$1,850
Net terms
30 days
Deposit
0%
State
TN

Insurance Agent / Brokers by metro in Tennessee