Mississippi compliance baked into the template
- Sales tax: 7.00% state rate. Generally exempts most services. State 7%; very few local additions. Restaurants/lodging 9-10%.
- Late fees: Up to 1.5% per month under Miss. Code §75-17-1. Default 8%/yr; contract rates up to 10%/yr or Fed discount + 5%.
General Contractor invoice fields
- Mobilization — flat
- Labor — hour, default $85
- Materials — itemized
- Subcontractor markup — percent
State
MS
Avg invoice
$4,850
Net terms
30 days
Deposit
25%