Alerts

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 […]

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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 […]

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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 […]

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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 […]

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Free Workers’ Comp Webinars

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’ […]

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Outdoor Supplies and Event Tickets will be Tax-Free July 1 – 7

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 […]

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How To Apply for PPP Loan Forgiveness

If your business received a PPP loan, you can apply to have the loan forgiven once you have spent it, so that you do not have to pay it back.  How to qualify for PPP forgiveness: You must have met the following conditions during the 8 to 24-week period after you got the loan: The loan […]

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No Sales Tax on Hurricane Supplies May 28 – June 6

To help Floridians prepare for hurricane season, certain supplies like batteries, flashlights, radios, coolers, and generators will be exempt from the state sales tax for ten days from May 28th through June 6th.  If your business sells these items, you will need to adjust your point-of-sale system to stop collecting sales tax for these ten days.  […]

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PPP Loan Program Out of Money for Most Businesses

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), […]

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NEW Reemployment Tax Rates for Florida Businesses

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. […]

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