ONE LAST REMINDER: FILE YOUR COMPANY’S 2026 ANNUAL REPORT BY MAY 1ST There are only a few weeks left before the May 1st deadline for Florida companies to file their corporate Annual Report with the State of Florida. If you miss the May 1st deadline, the state will add a mandatory penalty of $400 in […]
Important reminder for small businesses: Be suspicious of emails telling you to file a BOI report – the BOI is no longer required. The Beneficial Ownership Information (BOI) report was briefly required for small businesses in late 2024 and early 2025 but was abolished in March 2025. Only foreign businesses registered in the U.S. are […]
BE WARY OF EMAILS TELLING YOU TO FILE A BOI REPORT — BOI IS NO LONGER REQUIRED The Beneficial Ownership Information report (BOI) was a short-lived mandatory report required for small businesses nationwide in late 2024 and early 2025. It was officially abolished in March 2025 by the United States Treasury Department and is now […]
BE WARY OF EMAILS ABOUT YOUR COMPANY’S FLORIDA ANNUAL REPORT Because you have a business in Florida, you probably have been getting dozens of emails each day about filing your company’s Annual Report for 2026. These emails are solicitations from private companies. They are not official notifications from the government. Why am I getting these […]
Because you have a business in Florida, you probably have been getting dozens of emails each day about filing your company’s Annual Report for 2026. These emails are solicitations from private companies. They are not official notifications from the government. Why am I getting these emails? Every January, private companies start sending advertisements to small businesses […]
BUSINESS MILEAGE RATE FOR 2026 The standard mileage rate set by the Internal Revenue Service is increasing to 72.5¢ per mile for 2026, an increase of 2.5¢ from the 2025 rate. The business mileage rate is used by taxpayers claiming a mileage deduction for a vehicle they own or lease. Businesses also use this rate […]
NEW PORTAL REQUIRED FOR BUSINESSES RESPONSIBLE FOR COLLECTING FLORIDA SALES TAX Beginning December 1, 2025 businesses responsible for collecting the Florida state sales tax must use a new portal from the Department of Revenue to report and remit their monthly sales tax. Businesses can access the new system at floridarevenue.com/taxes/filepay. Select Sales and Use Tax […]
Florida workers’ compensation rates will decrease an average of -6.9% next year. This is the tenth consecutive rate decrease for workers’ comp rates in Florida. The lower rates will be applied to policies as they are issued or renewed starting January 1, 2026. FUBA is providing our valued agency partners with a copy of the […]
HOW TO HANDLE PAYROLL FOR HOLIDAYS THAT FALL ON WORKDAYS If my business is open on a holiday like Thanksgiving or Christmas, do I have to pay my employees extra for working on a holiday? No. Extra pay or holiday pay is not required in Florida. If my business is closed for a holiday, do […]
STATE SALES TAX ON BUSINESS RENT REPEALED Effective October 1, 2025, the state sales tax imposed on the rental of commercial property in Florida is repealed. This means no sales tax can be charged on the rental of commercial office or retail space for rental periods beginning on or after October 1st. For decades, businesses […]