We’re excited to share that a major sales tax cut has just been approved for small businesses in Florida! 🌟🏝️

Starting July 1, 2024, the Commercial Lease Sales Tax rate will be reduced from 4.5% to 2%. 🎉📉 This significant tax cut is set to provide about $1 billion in relief for Florida employers, with a special focus on helping small businesses! 💼

Chief Financial Officer Jimmy Patronis announced that this reduction comes as a result of the state's strong fiscal health and prudent financial management, thanks to the Reemployment Assistance Trust Fund reaching a $4.1 billion threshold.

This new measure is a fantastic opportunity for Florida businesses to save money and reinvest in their growth. At All Access Management, we’re here to help you navigate these changes and make the most of the new tax savings! 🤝

🔗 Read more about the sales tax cut and what it means for your business here:

https://www.abcactionnews.com/news/state/tax-credits-being-offered-to-businesses-in-florida-that-help-offset-costs-of-childcare-for-employees

Let’s make the most of this great news together! 🙌

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