In FUBA’s role as the small business watchdog, we are urging our members to be cautious about mail or emails you might get about your company’s 2022 Annual Report. All corporations and limited liability companies (LLCs) operating in Florida must file an online update called an Annual Report every year with the State of Florida’s official […]
Read MoreOne 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 […]
Read MoreOn 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 […]
Read MoreThe 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 […]
Read MoreThe 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 […]
Read MoreThe 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’ […]
Read MoreThe 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 […]
Read MoreIf 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 […]
Read MoreTo 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. […]
Read MoreIf 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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