INCREASE 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’ […]
Read MoreIn 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 […]
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