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Alerts

Reminder: Deadline to File Your Annual Report is June 30th

Under Florida law, all corporations (INCs) and limited liability companies (LLC’s) must file an annual report with the State of Florida to maintain an active status. Usually, these reports are due by May 1st of each year. However, because of the coronavirus pandemic, the deadline for filing annual reports has been extended to June 30, […]

Updated PPP Loan Forgiveness Application

In response to concerns over the strict PPP forgiveness rules, Congress approved the PPP Flexibility Act in early June. This new law relaxes the requirements for PPP loan forgiveness in favor of small businesses.  This article is updated with those changes. Small businesses needing financial assistance due to the coronavirus can apply for a Paycheck […]

Payroll Protection Program (PPP) Application Deadline is June 30, 2020

Small businesses needing financial assistance due to the coronavirus can apply for a Paycheck Protection Program (PPP) loan. PPP loans provide cash to cover payroll, rent, utilities, and mortgage interest and don’t have to be paid back if all requirements are met. If you are thinking of applying for a PPP loan and haven’t yet, […]

Reminder: Paid Leave Required Under The FFCRA

Effective April 1, 2020, small businesses are required by the Families First Coronavirus Response Act (FFCRA) to give their employees paid leave in certain circumstances relating to the coronavirus. Employees who cannot work due to one of the reasons listed below are entitled to two weeks of paid leave, with an additional 10 weeks of […]

New Law Provides Flexibility on PPP Loan Forgiveness

Under a new federal law effective June 5, 2020, the requirements for PPP loan forgiveness have been relaxed in favor of small businesses. The new rules are: More time to use the loan: Instead of having to use your PPP loan in the 8 weeks after you get it, the new law gives you either […]

Governor Moves Florida into Phase 2 of Re-Opening

Effective June 5, 2020, the State of Florida (except for Broward, Miami-Dade, and Palm Beach counties) enters Phase 2 of re-opening the state for business. In Phase 2, additional businesses will be allowed to re-open, but not in Broward, Miami-Dade, and Palm Beach counties. Restaurants are still limited to 50% capacity inside, but they now […]

PPP Loan Forgiveness Application and Instructions

On March 27, 2020, the United States Congress approved a coronavirus relief bill called the CARES Act that created the Paycheck Protection Program (PPP) to provide forgivable loans to small businesses so they could pay their employees during the pandemic.­ PPP loans are intended to provide 8 weeks of cash to cover payroll, rent, utilities, […]

No Sales Tax on Hurricane Supplies May 29 – June 4

To help Floridians prepare for hurricane season, certain hurricane supplies like batteries, flashlights, generators, and coolers will be exempt from state sales tax from May 29 through June 4. Click here for a bulletin from the Florida Department of Revenue with a list of all the items that will be tax-free. Free Webinar on Returning […]

Restaurants, Retail Stores, and Gyms Can Operate at 50% Capacity in Florida

Restaurants and retail stores in Florida may now increase their capacity to 50% (the previous limit was 25% capacity). Gyms and fitness centers may open at 50% capacity (except in Broward and Miami-Dade counties). For a one-page summary from the Governor’s office about what businesses may now be open in Florida, click here. Restaurants Restaurants […]

Some Businesses Allowed to Reopen in Miami-Dade and Broward Counties

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 […]