7 THINGS EMPLOYERS SHOULD DO AFTER HIRING AN EMPLOYEE 1. Get a W-4. This is a federal tax form that tells you how much federal income tax to withhold from an employee’s wages. The amount of federal withholding is based on marital status and withholding allowances, but your employees can specify a dollar amount to […]
Read MoreCOMMON HOLIDAY PAY QUESTIONS FROM EMPLOYERS As the holiday season approaches, employers may have questions about how to handle paying their employees during weeks with holidays. Here are some common questions from employers. If my business is open on a holiday like Thanksgiving Day or Christmas Day, do I have to pay the employees working […]
Read MoreRESOURCES AVAILABLE FOR BUSINESSES AFFECTED BY HURRICANE IAN This newsletter is dedicated to our FUBA members who were impacted by Hurricane Ian. We want to make sure you are aware of any resources that may be useful in rebuilding your business after Hurricane Ian. We at FUBA extend our heartfelt sympathies to those of you […]
Read MoreFLORIDA MINIMUM WAGE WILL BE $11.00 AN HOUR STARTING SEPTEMBER 30TH Under an amendment to the Florida Constitution that was approved by voters in 2020, the Florida minimum wage increases by $1.00 each September 30th until the minimum wage reaches $15.00 an hour in 2026. This is the second of these yearly $1 increases in […]
Read MoreTOOLS WILL BE TAX EXEMPT SEPTEMBER 3RD THROUGH 9TH Florida’s “Tool Time” Sales Tax Holiday begins on Saturday, September 3rd and ends on Friday, September 9th. During this week, sales tax will not be charged on the retail sale of eligible items used by skilled trade workers. Here is a list of items that will […]
Read MoreINCREASE TO MILEAGE RATE EFFECTIVE JULY 1ST Due to rising gas prices, the IRS is increasing the mileage rate effective July 1, 2022. The mileage rate is used by many employers to reimburse their employees for work-related mileage. It is also used to compute the deductible costs of operating a vehicle for business use in […]
Read MoreDOES YOUR BUSINESS HIRE TEENS FOR THE SUMMER? If your business will hire teenagers under the age of 18 for the summer, here is what you need to know: Teens must be at least 14 years old to work in Florida (there are exceptions for children working in a parent’s business in a non-hazardous occupation […]
Read MoreNO SALES TAX ON HURRICANE SUPPLIES MAY 28 – JUNE 10 To help Florida residents prepare for the upcoming hurricane season, certain disaster supplies will be tax-free for two weeks starting May 28th. Supplies for evacuating with pets such as food, leashes, and bedding will also be tax-free. Here is a partial list of the […]
Read MoreIf your business is a corporation or limited liability company (LLC) registered to do business in Florida, state law requires you to file a simple report every year with the state’s corporate registry to keep your company active. These reports are due to the Florida Division of Corporations by May 1st of each year. Reports filed after […]
Read MoreThe State of Florida offers free, one-hour webinars for employers on workers’ compensation requirements. Licensed contractors and electrical contractors can receive a continuing education credit for taking the online seminar. Topics covered include: Who is required to carry workers’ comp insurance in Florida How business owners can exempt out of workers’ comp in Florida Contractors’ […]
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