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.
Insurance Agent / Broker invoice fields
- Broker fee — flat
- Policy commission — pct
- Audit / risk consult — flat
State
NM
Avg invoice
$1,850
Net terms
30 days
Deposit
0%