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Alerts

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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Deadline to Pay Florida Unemployment Taxes Extended to May 31st

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 […]

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PPP Application Deadline Extended

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 […]

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PPP Makes Changes to Help Small Businesses

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 […]

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New Simplified Forgiveness Application For PPP Loans of $150,000 or Less

If your business received a PPP loan of $150,000 or less, you can apply for loan forgiveness using Form 3508S. You will not have to do any calculations or provide any supporting documentation (like payroll records or tax forms).­ The only information required is: Your PPP loan number. The amount of your PPP loan. Date […]

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Another Round of PPP Loans Available For Businesses

The Paycheck Protection Program (PPP) loans are opening back up for businesses that already received a PPP loan as well as businesses seeking their first PPP loan. The US Small Business Administration began accepting applications for first-time PPP loans (also called “first draw” PPP loans) on January 11, 2021, and they will begin accepting applications […]

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Paid Leave For COVID Expires At The End Of December

In response to the growing coronavirus pandemic, the United States Congress passed a law earlier this year requiring employers to provide at least two weeks of paid leave to employees if they cannot come to work for one of these reasons:  The employee has been quarantined by a health care provider or by government order.  […]

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