Issues Newsletter

TOOLS 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 […]

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 […]

DOES 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 […]

NO 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 […]

ATTENTION FLORIDA BUSINESSES: ANNUAL REPORT MUST BE FILED NO LATER THAN MAY 1ST  There are only a few weeks left before the May 1st deadline for Florida corporations and limited liability companies (LLCs) to file their Annual Reports with the State of Florida. Florida corporations and LLCs are required by law to file an Annual […]

FLORIDA REEMPLOYMENT TAX RATES FOR 2022 NOW AVAILABLE Most Florida employers are required to pay Florida reemployment tax (which is the same as unemployment tax) to the State of Florida. This tax is collected on your employees’ wages and is paid quarterly to the Florida Department of Revenue using the form RT-6 (the Employers Quarterly […]

ATTENTION FLORIDA BUSINESSES: FILING PORTAL FOR 2022 ANNUAL REPORTS IS NOW OPEN Florida businesses that are corporations or limited liability companies (LLCs) must file an online update every year with the State of Florida to keep the company’s status active. This update is called an Annual Report and is filed with the Florida Division of […]

IRS MILEAGE RATE FOR 2022 The Internal Revenue Service has issued the 2022 standard mileage rate used by taxpayers claiming a mileage deduction for a vehicle they own or lease. For calendar year 2022, the mileage rate for using a vehicle for business purposes is increasing to 58.5 cents per mile driven. This is an […]

UPDATE ON NEW LAW REQUIRING BUSINESSES TO REPORT INDEPENDENT CONTRACTORS In last month’s newsletter, we told you about a new law in Florida that requires businesses to report the independent contractors they hire to the Florida New Hire Reporting Center to help with child support collection. For decades, Florida law has required employers to report […]

FLORIDA EMPLOYERS NOW MUST REPORT INDEPENDENT CONTRACTORS HIRED BY THEIR BUSINESS Under a new Florida law effective October 1st, Florida employers must report independent contractors they hire to the Florida New Hire Reporting Center.      Florida employers have been required to report newly hired employees within 20 days of hiring to the New Hire Reporting […]