Issues Newsletter

IT’S OVER! BOI FILING REQUIREMENT OFFICIALLY DEAD On March 21, 2025, the United States Treasury Department announced that the Beneficial Ownership Information (BOI) report filing requirement has been abolished. Small businesses will no longer have to file a BOI report, and this time the decision is final. This is a huge relief for small businesses […]

BREAKING NEWS: BOI REPORT REQUIREMENT OFFICIALLY TERMINATED As of March 2, 2025 small businesses are no longer required to file a Beneficial Ownership Information (BOI) report.  This announcement comes after several months of the BOI report being on-again-off-again so much that it was difficult for everyone to keep up with its status. Just last week, the BOI filing […]

BOI FILING STILL ON HOLD AS OF FEBRUARY 3RD As of the date this newsletter was written, the requirement for businesses to file a Beneficial Ownership Information (BOI) report remains on hold.  In December, the filing requirement was suspended and then briefly reinstated; it has remained on hold since December 26, 2024.  At this time, […]

BOI FILING REQUIREMENT IS ON HOLD — FOR NOW. As of the date this newsletter went to press (January 3, 2025), the requirement for businesses to file a Beneficial Ownership Information (BOI) report is on hold.  The filing requirement was suspended in early December then reinstated the Monday before Christmas with a new deadline of […]

ONE LAST REMINDER: SMALL BUSINESSES MUST FILE BOI REPORT BY JANUARY 1, 2025 You may have heard about a new filing requirement for small businesses called a Beneficial Ownership Information (BOI) report. This is not a scam! It is real, and the deadline to file it is January 1st. The BOI report is required under […]

NEW FILING REQUIREMENT FOR SMALL BUSINESSES A new federal law most small businesses have never heard of requires a new “ownership” disclosure that must be reported to the federal government by the end of this year. This new filing requirement is part of the Corporate Transparency Act, a federal law approved in 2021 to combat […]

IMPORTANT! NEW FILING REQUIREMENT FOR SMALL BUSINESSES Most small businesses are not aware of a new requirement to file an “ownership” disclosure form with the federal government by the end of this year. This new filing requirement is part of the Corporate Transparency Act, a federal law approved by the US Congress in 2021. Small […]

FLORIDA MINIMUM WAGE WILL BE $13.00 AN HOUR STARTING SEPTEMBER 30TH Under a 2020 amendment to the Florida Constitution, the Florida minimum wage automatically increases by $1 each September 30th until it reaches $15 an hour in 2026. Starting September 30, 2024, the Florida minimum wage is increasing to $13 an hour. All non-tipped employees […]

HURRICANE SUPPLIES ARE TAX-FREE AUGUST 24th – SEPTEMBER 6th Certain household items and supplies needed for evacuating with pets will be tax-free for another two weeks starting August 24th. If your business sells any of these items, you must temporarily stop collecting the state sales tax on these items from Saturday August 24th through Friday […]

MORE WORKERS WILL QUALIFY FOR OVERTIME PAY STARTING JULY 1ST Starting July 1, 2024 employees whose salary is less than $844 a week ($43,888 on an annual basis) must be paid overtime if they work more than 40 hours in a workweek. Prior to July 1st, only workers with a salary less than $684 a […]