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 […]
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 […]
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 […]
The Florida Division of Workers’ Compensation offers business owners, especially contractors, FREE webinars on the requirements of Florida’s workers’ compensation laws and Workplace Safety. The webinars are held via computer and last one hour. The topics covered include: Which businesses are required to have workers’ comp insurance Which business owners can exempt out of workers’ comp Contractors’ […]
The sale of supplies for outdoor activities as well as tickets for some events will be tax-free in Florida beginning Thursday, July 1 through Wednesday, July 7, 2021. On these dates, qualifying boating and water activity supplies, camping supplies, fishing supplies, general outdoor supplies, and sports equipment will not be subject to the Florida sales […]
If you were planning on applying for a forgivable PPP loan for your business but have not done so yet, unfortunately the PPP program funding has run out for most businesses and major banks are no longer accepting applications. The only banks that may accept PPP applications are smaller banks like Certified Development Companies (CDCs), […]
A new law has changed the Florida reemployment tax rates for 2021. The new tax rates will be much lower for most Florida businesses and will apply to all wages an employer pays in 2021. You can go to the Florida Department of Revenue’s website now to see your new reemployment tax rate for 2021. For instructions […]
The deadline for Florida employers to pay their quarterly unemployment taxes to the state of Florida has been extended 30 days. The payment was originally due April 30, 2021, but this deadline is now May 31, 2021. Please note: This extension only applies to the payment of unemployment taxes. Employers must still file their unemployment […]
The deadline for small businesses to apply for a Paycheck Protection Program (PPP) loan has been extended until May 31, 2021! The program was supposed to end on March 31st, but the deadline has been extended so that more small businesses can apply for either a first or second PPP loan. The PPP loan program was […]
The Paycheck Protection Program (PPP) was created in 2020 to provide financial assistance to businesses affected by the pandemic. The loans do not have to be paid back if a business complies with the program’s rules. This week, the White House announced several changes to the PPP loan program intended to help small businesses qualify […]