Florida Reduces Business Rent Tax Rate
Florida is the only state that imposes sales tax on the lease of commercial real property. Over the last several years, this tax rate has been reduced in increments from 6.0% to 5.5%. Under recently enacted legislation, this rate will be further reduced to 2.0%. However, this rate reduction will…
Florida (Finally) Enacts Wayfair Legislation
On April 19, 2021, Florida Senate Bill 50 was enacted into law. The legislation modernizes Florida’s sales and use tax system and imposes tax collection obligations on remote sellers and marketplace providers. Among the many reforms in the new legislation is the imposition of sales tax on “remote sales” and…
2021 Florida Annual Uniform Business Reports
The deadline to file a 2021 Florida Annual Uniform Business Report for your Corporation, Limited Liability Company, Limited Partnership, or Limited Liability Limited Partnership to maintain its active status with the State of Florida is May 1, 2021. A late fee of $400 will be added to the State’s filing…
Employment-related highlights of the recently enacted American Rescue Plan Act of 2021 (ARPA) include extended federal paid leave, COBRA premium subsidies, and expanded unemployment benefits. Below is a detailed summary highlighting these provisions. Extended Paid Leave The ARPA further extends paid leave that was initially created by the Families First…