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Mid-Market resilience remains, but unease is growing
Press Release Mid-Market resilience remains, but unease is growing
Mid-market business leaders around the world are less optimistic about the economic outlook over the next 12 months, with 71% expressing optimism (down two points from Q1 2025). At the same time, concerns about economic uncertainty have increased, rising six points to 61% and making it the most cited constraint to growth in Grant Thornton’s latest International Business Report (IBR).
4 min read | 16 Jun 2025
Tax Considerations for Mergers and Acquisitions
Tax Insight Tax Considerations for Mergers and Acquisitions
In the pursuit of business expansion, businesses have a wide array of options when deciding their approach on how to achieve their goals. Mergers and acquisitions (“M&A”) offer the opportunity to rapidly expand business operations while decreasing the risks associated with starting a new operation or expanding from scratch. However, M&As are not immune to tax implications for the parties involved in the transaction. As such, when considering M&A transactions, it is important to evaluate all of its implications in order to determine which type of deal is right for you. This article provides a summary of important key points that should be pondered when conducting M&A transactions.
5 min read | 30 May 2025
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2025 Tax Calendar 2025 Tax Calendar
This comprehensive tax guide is designed to keep you well-informed about the tax due dates and filing requirements for both Puerto Rico and the United States. It also offers valuable tax insights for individuals, businesses, and sales and use tax considerations.
23 Jan 2025
Trending articles
Tax Insight Tax Considerations for Mergers and Acquisitions
5 min read | 30 May 2025
Tax Insight Do I need a Transfer Pricing Study to file my entity’s tax return?
3 min read | 30 Apr 2025
Tax Insight Sales and Use Tax: The impact of manufacturer's rebates and treatment of warranties
9 min read | 31 Oct 2024
Tax Insight A Deep Dive into Puerto Rico's Excise Taxes
3 min read | 07 Aug 2024
Our latest insights
What’s new – Social Security and Medicare
Outsourcing article What’s new – Social Security and Medicare
The Internal Revenue Service (IRS) issued the following changes for Social Security and Medicare for the taxable year 2021.
1 min read | 25 Jan 2021
2020 Year-end amendments to the Puerto Rico Incentives Code
Tax Alert 2020 Year-end amendments to the Puerto Rico Incentives Code
Amendments to the Puerto Rico Incentives Code related to the acquisition of residential real estate and changes in the tax incentives for: Export of Goods and Services, Entrepreneurship, and Tax Credits as well as new incentives for recycling and transformation of scrap.
4 min read | 25 Jan 2021
FASB simplifies accounting for convertible instruments
Audit Article FASB simplifies accounting for convertible instruments
Review of guidance in ASU 2020-06 that simplifies accounting for convertible instruments.
1 min read | 21 Jan 2021
New amnesty for 2019 annual reports and annual fees
Tax Alert New amnesty for 2019 annual reports and annual fees
The Puerto Rico Department of State will eliminate fines and penalties to previous 2020 annual reports and annual fees.
2 min read | 20 Jan 2021
How Biden’s proposed tax platforms affects Puerto Rico
Tax Article How Biden’s proposed tax platforms affects Puerto Rico
Summary of President Joe Biden most relevant campaign tax proposals that could represent major changes going forward regarding Puerto Rico, highlighting important planning considerations.
7 min read | 20 Jan 2021
How zero adds value
Advisory Article How zero adds value
Learn about the opportunities and challenges in adopting a Zero Trust security strategy for your business.
3 min read | 18 Jan 2021
New COVID-19 relief bill
Advisory Alert New COVID-19 relief bill
On December 27, 2020, President Donald Trump signed into law a $900 billion COVID-19 relief bill that provides more than $300 billion in aid for small businesses.
4 min read | 12 Jan 2021
New Agreed Upon Procedures
Tax Alert New Agreed Upon Procedures
The Puerto Rico Treasury Department has determined that the type of report that must be attached to the Income Tax Return at the time of its submission, to comply with Section 1061.15 of the Puerto Rico Internal Revenue Code of 2011, will be an Agreed Upon Procedures.
5 min read | 23 Dec 2020
Impact of COVID-19 on income tax accounting
Audit Article Impact of COVID-19 on income tax accounting
The spread of the COVID-19 pandemic is impacting businesses around the world. As entities consider the effects of COVID-19 on their global operations, careful consideration is needed in understanding the accounting implications of these developments.
8 min read | 17 Dec 2020
Year-end tax planning considerations: To audit or not to audit
Tax Article Year-end tax planning considerations: To audit or not to audit
With the enactment of Act 40-2020, the requirements of submitting financial statements with the income tax returns for the years ending after December 31, 2019 have significantly changed. By increasing the volume of business threshold to $10,000,000, many businesses face the question to audit or not to audit.
4 min read | 17 Dec 2020
Workers’ Compensation Insurance Policy
Outsourcing Article Workers’ Compensation Insurance Policy
The Puerto Rico Workers’ Compensation Insurance Policy establishes the payment of the preliminary premium in two semesters. It is the responsibility of the employers to comply with the payments within the dates established to maintain the validity of the current policy.
1 min read | 17 Dec 2020
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Advisory Article Fraud and Internal Audit
How an Internal Audit can leverage the Anti-Fraud Playbook to promote and foster effective fraud risk management at their organization.
3 min read | 14 Dec 2020
Electronic Filing Requirements for 2020 Tax Year
Outsourcing Article Electronic Filing Requirements for 2020 Tax Year
The Puerto Rico Treasury Department issued Publication 20-01: Developer Guide Form 499R-2/W-2PR (Copy A) Electronic Filing Requirements for 2020 tax year.
4 min read | 20 Nov 2020
Department of Labor and Human Resources Circular Letter No. 2020-05
Outsourcing Alert Department of Labor and Human Resources Circular Letter No. 2020-05
The Secretary of the Department of Labor (DTRH) issued the Circular Letter No. 2020-05 to interpret and clarify some provisions of Law No. 148, better known as the “Bonus Law” for private companies and the Regulation No. 9003 of September 18, 2017 that establishes the guidelines to manage said law.
3 min read | 19 Nov 2020
Changes Applicable to Taxable Year 2020
Tax Article Changes Applicable to Taxable Year 2020
Time to look ahead and consider some important tax planning aspects for the upcoming tax filing season.
5 min read | 19 Nov 2020
Financial statements disclosure and internal control over financial reporting
Audit Article Financial statements disclosure and internal control over financial reporting
What has been the impact of COVID-19 in your business? Consider these implications on disclosures during the preparation of your financial statements.
4 min read | 16 Nov 2020
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