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Unhappy News for Florida Business Owners

My email inbox started filling up yesterday with messages from clients receiving a notice of special assessment from the Florida Unemployment Compensation Fund. Business owners are starting to feel the brunt of fiscal policies enacted last year to extend unemployment benefits to out of work Florida residents. All that federal money came with a catch. Employers are being forced to ante up for their share of interest on funds borrowed from the US government since those funds will not be repaid by January 1, 2012. Notices were supposed to be delivered by February 1st, but not everyone has them yet.

Jennifer David, our local Paychex representative, did a great job of getting out in front of this as quickly as possible. You can read her synopsis of the assessment for yourself here. Thanks Jennifer!

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Reader Comments (2)

Enjoyed all the thoughts you share here. You obviously know your stuff and seem professional. Good to network with you!

Largo CPA

March 30, 2011 | Unregistered CommenterJoe Meyers

Thanks Joe. You made my morning

April 13, 2011 | Registered CommenterJoey Brannon

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