Coronavirus Resources for Florida Small Businesses Click Here

Alerts

Face Coverings Required in Many Florida Cities and Counties

As the number of COVID-19 cases rise in Florida, more and more cities and counties in Florida are passing local ordinances that require masks or face coverings to be worn in public, which includes businesses.  Some of these local laws require employers to post a notice telling their employees and customers that they must wear […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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Small Businesses Can Defer Payroll Taxes

Employers are responsible for withholding Social Security and Medicare payroll taxes from their employees’ paychecks and paying these taxes along with the employer’s share to the IRS each month.  The Social Security tax is 12.4% total, with 6.2% withheld from the employee’s wages and the employer paying 6.2%.  The Medicare tax is 2.9%, with 1.45% […]

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PPP Loans Resume

The Paycheck Protection Program (PPP) was supposed to provide forgivable loans to small businesses so they can pay their payroll, rent, and utilities for 2 months.  About 10 days ago, the PPP loan program ran out of money, so the US Small Business Administration stopped accepting PPP loan applications. Last Thursday, Congress approved an additional […]

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More Funding is Coming for Small Business Loans

Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) Update As many small businesses are painfully aware, the federal and state loan programs for small businesses affected by the coronavirus have run out of money. The Paycheck Protection Program (PPP) loans and the Economic Injury Disaster Loans (EIDLs) have stopped taking applications due to […]

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Is Your Business In Compliance with the New Poster Requirement?

The new federal law called the Families First Coronavirus Response Act (CARES Act) requires small businesses to provide paid sick and family leave to employees in certain coronavirus-related circumstances. Click here for more details about when this leave is required. The CARES Act also requires small businesses to provide a notice to their employees explaining […]

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