Effective Monday, May 18, 2020, Miami-Dade and Broward counties will allow restaurants, stores, and salons to re-open with restrictions. Bars, gyms, and spas must remain closed. Face coverings/masks must be worn inside businesses or wherever social distancing is not possible. This includes employees, customers, clients, and visitors. Keep in mind that just because a business […]
Barbershops, Hair & Nail Salons Effective today, May 11th, Florida Governor DeSantis is allowing barbershops, hair salons, and nail salons to reopen as long as social distancing guidelines are enforced and the following precautions are taken: Customers must be by appointment only; no walk-ins are allowed. Salons must allow at least 15 minutes between appointments […]
Employers are responsible for withholding Social Security and Medicare payroll taxes from their employees’ paychecks and paying these taxes along with the employer’s share to the IRS each month. The Social Security tax is 12.4% total, with 6.2% withheld from the employee’s wages and the employer paying 6.2%. The Medicare tax is 2.9%, with 1.45% […]
The Paycheck Protection Program (PPP) was supposed to provide forgivable loans to small businesses so they can pay their payroll, rent, and utilities for 2 months. About 10 days ago, the PPP loan program ran out of money, so the US Small Business Administration stopped accepting PPP loan applications. Last Thursday, Congress approved an additional […]
Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) Update As many small businesses are painfully aware, the federal and state loan programs for small businesses affected by the coronavirus have run out of money. The Paycheck Protection Program (PPP) loans and the Economic Injury Disaster Loans (EIDLs) have stopped taking applications due to […]
The new federal law called the Families First Coronavirus Response Act (CARES Act) requires small businesses to provide paid sick and family leave to employees in certain coronavirus-related circumstances. Click here for more details about when this leave is required. The CARES Act also requires small businesses to provide a notice to their employees explaining […]
FUBA members can sign up to receive important alerts on how COVID-19 is affecting Florida small businesses. If you are not yet a member, please consider joining the thousands of other employers who support the small business community in Florida. Learn more about the benefits of membership in FUBA and become a member today!
The situation surrounding COVID-19 is changing every day, but FUBA is working hard to keep you updated on how it impacts your business. We are compiling a list of resources that will be available on our website very soon. In the meantime, here are the most important things that small business owners need to know. […]
A new federal law passed in response to the COVID-19 (Coronavirus) crisis requires employers to provide paid leave to their employees starting on April 2, 2020. While the new law applies to all businesses in the United States, not all employees will be eligible for paid leave and employers don’t have to pay employees for […]
All Florida Corporations and Limited Liability Companies (LLC’s) have to file an Annual Report with the Florida Division of Corporations each year by May 1st. (The only exception is for corporations and LLC’s that were just formed in 2020 – those businesses will file their first Annual Report in 2021.) The Annual Report is the […]