Issues Newsletter

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 […]

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 […]

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 […]

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 […]

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 […]

FORGIVENESS PROCESS FOR 1ST OR 2ND PPP LOANS If your business received either one or two PPP loans, it is important to know the deadline for applying for forgiveness for your loan. Luckily, the forgiveness timeline is the same for both the first and second rounds of PPP loans. Whether your business got one or […]

Does Your Business Hire Teens for the Summer? If you have teenagers under the age of 18 working at your business, you need to know what they are allowed to do and how much they are allowed to work.  Parental permission is not required to hire a minor, and work permits are not required in […]

In this month’s edition: PPP Program Closing; Other Loans Are Available From SBA; How To Apply for PPP Loan Forgiveness; No Sales Tax on Hurricane Supplies May 28 – June 6

In this month’s edition: Small Business Loan Program Closes Soon; NEW Reemployment Tax Rates for Florida Businesses; Sales Tax Change in Florida; Newsletter update

In this month’s edition: PPP Application Deadline Extended; Deadline to File Annual Report is May 1st; New Law Protects Businesses From COVID-19 Lawsuits

In this month’s edition: Changes To PPP Help Small Businesses; Businesses Will See An Increase In Reemployment Taxes in 2021; Florida Businesses: 2021 Annual Reports Can Be Filed Now

In this month’s edition: New Simplified Forgiveness Application for PPP Loans Under $150,000; Another Round of PPP Loans Available; Beware of Email Scam About Annual Report

In this month’s edition: New Simplified Forgiveness Process Approved For PPP Loans Under $150,000; Update on Deductibility of Business Expenses and PPP Loans; Employee Paid Leave for COVID Has Ended; Second Round of PPP Loans Will be Available for Businesses; Reminder: Florida Minimum Wage Increased; State Sales Tax Rate on Commercial Rent Will Not Change in 2021; Did Your Business Receive a Notice of Dissolution from the State of Florida?