Effective January 1, 2018, the minimum wage rate for Florida has been increased to $8.25/hour for non-tipped employees and $5.23/hour for tipped employees.
If you subscribe to our poster update service, a new poster reflecting these updates will be sent on or near January 1. If you do not subscribe to the poster update service, you must update your labor posters to reflect said changes.
Click here to view the detailed information about the State Minimum Wage Laws.
Staying Compliant With Minimum Wage Requirements
Businesses should review their payroll processes whenever minimum wage requirements change to ensure employees are paid correctly. Employers should also check whether the updated rate affects overtime calculations, tipped employee wages, payroll taxes, and other compensation records. Keeping labor posters current and maintaining accurate payroll documentation can help businesses avoid compliance issues and unexpected penalties. If you need assistance reviewing your payroll practices or understanding how wage changes may affect your business, professional guidance can be valuable.
Howard, Howard and Hodges provides payroll and accounting services to help businesses manage financial responsibilities and stay organized. Regular payroll reviews can also make it easier to identify errors and maintain accurate employee records.
Please do not hesitate to contact us, if you need any further assistance or help.
