Alerts

February 2022

ATTENTION FLORIDA BUSINESSES: FILING PORTAL FOR 2022 ANNUAL REPORTS IS NOW OPEN Florida businesses that are corporations or limited liability companies (LLCs) must file an online update every year with the State of Florida to keep the company’s status active. This update is called an Annual Report and is filed with the Florida Division of […]

January 2022

IRS MILEAGE RATE FOR 2022 The Internal Revenue Service has issued the 2022 standard mileage rate used by taxpayers claiming a mileage deduction for a vehicle they own or lease. For calendar year 2022, the mileage rate for using a vehicle for business purposes is increasing to 58.5 cents per mile driven. This is an […]

December 2021

UPDATE ON NEW LAW REQUIRING BUSINESSES TO REPORT INDEPENDENT CONTRACTORS In last month’s newsletter, we told you about a new law in Florida that requires businesses to report the independent contractors they hire to the Florida New Hire Reporting Center to help with child support collection. For decades, Florida law has required employers to report […]

November 2021

FLORIDA EMPLOYERS NOW MUST REPORT INDEPENDENT CONTRACTORS HIRED BY THEIR BUSINESS Under a new Florida law effective October 1st, Florida employers must report independent contractors they hire to the Florida New Hire Reporting Center.      Florida employers have been required to report newly hired employees within 20 days of hiring to the New Hire Reporting […]

PAID LEAVE FOR COVID NO LONGER REQUIRED

One of the most frequently asked questions we get at FUBA from our small business members is whether they have to provide paid time off from work to employees dealing with COVID. The answer is no. In 2020, employees were entitled to two weeks (up to 10 weeks in certain circumstances) of paid leave if […]

October 2021

REMINDER: FLORIDA MINIMUM WAGE IS NOW $10.00 AN HOUR Effective September 30, 2021, the Florida minimum wage increased to $10.00 an hour, with a minimum wage of $6.98 an hour for tipped employees.  All employees must receive at least the state minimum wage.  Because the minimum wage has changed, a new poster is required at […]

September 2021

Florida Minimum Wage Increasing to $10.00 An Hour September 30th On November 3, 2020, Florida voters approved Amendment 2 to the Florida Constitution which will gradually increase the Florida minimum wage to $15 an hour. Starting this year, the minimum wage will increase each September 30th for the next 5 years until the minimum wage […]

Florida Minimum Wage Increases to $10.00 An Hour On September 30th

On November 3, 2020, Florida voters approved Amendment 2 to the Florida Constitution which gradually increases the Florida minimum wage each September 30th until it reaches $15.00 an hour in 2026.  The first scheduled increase goes into effect September 30, 2021 and raises the Florida minimum wage to $10.00 an hour, with a minimum wage […]

SBA’s Economic Injury Disaster Loan Program Webinar

The Small Business Administration (SBA) will be hosting a free webinar on September 9th from 2-4 EDT for small businesses interested in applying for an Economic Injury Disaster Loan (EIDL). The EIDL program provides economic relief to businesses that have been financially impacted by the coronavirus. The webinar will detail application eligibility and steps to apply […]

New Direct PPP Forgiveness Portal

The US Small Business Administration has opened an online portal for small businesses to apply for forgiveness of their PPP loans.  Until now, the only way to apply for PPP forgiveness was with the bank that gave you the loan.  This new portal allows you to bypass your bank and go directly to the Small […]