March 2023

FLORIDA REEMPLOYMENT TAX RATES FOR 2023 NOW AVAILABLE Most Florida employers are required to pay Florida reemployment tax (it used to be called unemployment tax) to the State of Florida every quarter. This tax is assessed on the wages you pay your employees and is paid each quarter to the Florida Department of Revenue using […]

February 2023

FLORIDA BUSINESSES: FILING PORTAL FOR 2023 ANNUAL REPORTS IS OPEN Florida corporations and limited liability companies (LLCs) must file an online update every year with the State of Florida to keep the company in active status. This update is called an Annual Report and is filed with the Florida Division of Corporations, the official corporate […]

January 2023

NEW LAW REQUIRES SMALL BUSINESSES TO REMIT SALES TAX ELECTRONICALLY Effective January 1, 2023, if your business collected $5,000 or more in Florida sales tax last year, you will have to start filing your sales tax returns and remitting the collected sales tax electronically on the Florida Department of Revenue’s website. You will no longer […]

December 2022

7 THINGS EMPLOYERS SHOULD DO AFTER HIRING AN EMPLOYEE 1. Get a W-4. This is a federal tax form that tells you how much federal income tax to withhold from an employee’s wages. The amount of federal withholding is based on marital status and withholding allowances, but your employees can specify a dollar amount to […]

November 2022

COMMON HOLIDAY PAY QUESTIONS FROM EMPLOYERS As the holiday season approaches, employers may have questions about how to handle paying their employees during weeks with holidays. Here are some common questions from employers. If my business is open on a holiday like Thanksgiving Day or Christmas Day, do I have to pay the employees working […]

October 2022

RESOURCES AVAILABLE FOR BUSINESSES AFFECTED BY HURRICANE IAN This newsletter is dedicated to our FUBA members who were impacted by Hurricane Ian. We want to make sure you are aware of any resources that may be useful in rebuilding your business after Hurricane Ian. We at FUBA extend our heartfelt sympathies to those of you […]

September 2022

FLORIDA MINIMUM WAGE WILL BE $11.00 AN HOUR STARTING SEPTEMBER 30TH Under an amendment to the Florida Constitution that was approved by voters in 2020, the Florida minimum wage increases by $1.00 each September 30th until the minimum wage reaches $15.00 an hour in 2026. This is the second of these yearly $1 increases in […]

August 2022

TOOLS WILL BE TAX EXEMPT SEPTEMBER 3RD THROUGH 9TH Florida’s “Tool Time” Sales Tax Holiday begins on Saturday, September 3rd and ends on Friday, September 9th. During this week, sales tax will not be charged on the retail sale of eligible items used by skilled trade workers. Here is a list of items that will […]

July 2022

INCREASE TO MILEAGE RATE EFFECTIVE JULY 1ST Due to rising gas prices, the IRS is increasing the mileage rate effective July 1, 2022. The mileage rate is used by many employers to reimburse their employees for work-related mileage. It is also used to compute the deductible costs of operating a vehicle for business use in […]

June 2022

DOES YOUR BUSINESS HIRE TEENS FOR THE SUMMER? If your business will hire teenagers under the age of 18 for the summer, here is what you need to know:    Teens must be at least 14 years old to work in Florida (there are exceptions for children working in a parent’s business in a non-hazardous occupation […]