July 2023

REMINDER: FLORIDA BUSINESSES WITH 25 OR MORE EMPLOYEES MUST NOW USE E-VERIFY FOR NEW HIRES Starting July 1st, Florida businesses with 25 or more employees are required to verify that new employees are eligible to work in the United States by using the federal E-verify system at  New employees hired on or after July […]

June 2023

NEW IMMIGRATION REQUIREMENTS FOR FLORIDA EMPLOYERS Effective July 1, 2023, a new law recently approved by the Florida Legislature requires Florida businesses with 25 or more employees to use the E-verify system to verify that all new employees are eligible to work in the United States.  E-verify is a US government database that allows employers […]

May 2023

EMPLOYER PAYROLL TAX RESPONSIBILITIES This is a brief summary from the Internal Revenue Service (IRS) of an employer’s basic responsibilities regarding withholding, depositing, and reporting employment taxes. For New Employees: For All Employees Each Payday: Every Quarter: Every Year: For more information, please consult the IRS Publication 15 (Circular E), also called “Employer’s Tax Guide” […]

April 2023

NEW IRS RULES WILL REQUIRE SMALL BUSINESSES TO FILE TAX FORMS ELECTRONICALLY IN 2024 The Internal Revenue Service (IRS) has released new regulations that will dramatically expand the number of businesses that are required to file electronically next year. Currently, all businesses are required to file certain tax forms every year for each of their […]

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 […]