New Mexico compliance baked into the template
- Sales tax: 4.88% state rate. Applies to services rendered. 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.
Freelance Developer invoice fields
- Development — hour, default $125
- Project milestone — flat
- Third-party services — passthrough
State
NM
Avg invoice
$6,800
Net terms
15 days
Deposit
25%