New information on how the coronavirus affects small businesses is coming out so often that it can be hard to keep up. But FUBA’s here to help! Our expert staff is staying on top of it all so you don’t miss anything. Here are the most recent developments in Florida on COVID-19: Economic Injury Disaster […]
Read MoreAs the number of COVID-19 cases rise in Florida, more and more cities and counties in Florida are passing local ordinances that require masks or face coverings to be worn in public, which includes businesses. Some of these local laws require employers to post a notice telling their employees and customers that they must wear […]
Read MoreUnder Florida law, all corporations (INCs) and limited liability companies (LLC’s) must file an annual report with the State of Florida to maintain an active status. Usually, these reports are due by May 1st of each year. However, because of the coronavirus pandemic, the deadline for filing annual reports has been extended to June 30, […]
Read MoreIn response to concerns over the strict PPP forgiveness rules, Congress approved the PPP Flexibility Act in early June. This new law relaxes the requirements for PPP loan forgiveness in favor of small businesses. This article is updated with those changes. Small businesses needing financial assistance due to the coronavirus can apply for a Paycheck […]
Read MoreSmall businesses needing financial assistance due to the coronavirus can apply for a Paycheck Protection Program (PPP) loan. PPP loans provide cash to cover payroll, rent, utilities, and mortgage interest and don’t have to be paid back if all requirements are met. If you are thinking of applying for a PPP loan and haven’t yet, […]
Read MoreEffective April 1, 2020, small businesses are required by the Families First Coronavirus Response Act (FFCRA) to give their employees paid leave in certain circumstances relating to the coronavirus. Employees who cannot work due to one of the reasons listed below are entitled to two weeks of paid leave, with an additional 10 weeks of […]
Read MoreUnder a new federal law effective June 5, 2020, the requirements for PPP loan forgiveness have been relaxed in favor of small businesses. The new rules are: More time to use the loan: Instead of having to use your PPP loan in the 8 weeks after you get it, the new law gives you either […]
Read MoreEffective June 5, 2020, the State of Florida (except for Broward, Miami-Dade, and Palm Beach counties) enters Phase 2 of re-opening the state for business. In Phase 2, additional businesses will be allowed to re-open, but not in Broward, Miami-Dade, and Palm Beach counties. Restaurants are still limited to 50% capacity inside, but they now […]
Read MoreOn March 27, 2020, the United States Congress approved a coronavirus relief bill called the CARES Act that created the Paycheck Protection Program (PPP) to provide forgivable loans to small businesses so they could pay their employees during the pandemic. PPP loans are intended to provide 8 weeks of cash to cover payroll, rent, utilities, […]
Read MoreTo help Floridians prepare for hurricane season, certain hurricane supplies like batteries, flashlights, generators, and coolers will be exempt from state sales tax from May 29 through June 4. Click here for a bulletin from the Florida Department of Revenue with a list of all the items that will be tax-free. Free Webinar on Returning […]
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