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 businesses, individuals and sales and use tax considerations.
Grant Thornton's Women in Business 2026: The value of visibility report reveals that 91.9% of mid-market leaders say they personally consider a company's gender equality initiatives when applying for roles, with two-thirds calling it a priority.
Mid‑market leaders across the globe are investing in sustainability, but not in the same way – or for the same reasons. North and South America see a route to competitive advantage and capital; Europe is turning regulation into efficiency; Asia‑Pacific ties ESG to innovation and digitalization; while Africa backs foundational energy and water to unlock growth.
The Puerto Rico Department of Labor and Human Resources announces the filing of the returns will only be through the employer’s portal.
Act No. 257 of December 10, 2018 introduced a significant change to the Puerto Rico Sales and Use Tax (“SUT”) by eliminating the SUT on: (i) designated professional services, and (ii) services rendered to other merchants by persons whose annual volume of business does not exceed $200,000. These provisions became effective on March 1, 2019.
Move beyond compliance to performance driven risk management. Compliance and risk operations at financial services companies suffer a range of problems stemming from organizations’ efforts to achieve regulatory compliance while adjusting strategies, business models and approaches to risk. The current moment presents a real, and perhaps time-limited, opportunity to transform compliance and risk operations.
The Department of Treasury has issued the guidance to access the Annual Withholding Statements and Informative Returns through SURI.
The AICPA has released an early working draft in relation with Inventory Valuation Guidance to outline the considerations for estimating the fair value of inventory acquired in a business combination.
The accounting changes required to comply with Accounting Standards Codification 842 are not the most difficult part of compliance. Gathering all the data necessary to accurately reflect those changes is the biggest challenge.
The Department of the Treasury – Internal Revenue Service has published Publication 15, an Employer’s Tax Guide, which helps employers stay informed about the latest developments or legislation enacted.
This issue discusses the FASB proposed improvements to account for certain entertainment production costs.
Insights into how we can help you reach your goals, navigate competitiveness or deal with complex situations
While tax laws change frequently, our compliance and consulting teams are ready to help you understand Puerto Rico's complex tax system
Helping you from the inception of your business to establishing and running an accounting department in Puerto Rico
Travel and entertainment expenses are sometimes small amounts that taken individually are generally insignificant, and because the items involved are so numerous and so small, auditing them individually would be prohibitively expensive. However, these expenses taken collectively are significant.
The FASB issued a proposed ASU, Leases (Topic 842): Narrow-Scope Improvements for Lessors, to address certain issues raised by lessors when implementing the new leases guidance in ASU 2016-02, Leases (Topic 842). The amendments in the proposed ASU would:
In this issue we will review the FASB propose amendments to the definition of collections to Not-For-Profit Entities.
The US Tax Cuts and Job Act of 2017 aims to spur long-term investments in low-income urban and rural communities throughout the US and Puerto Rico by investing in a qualified opportunity fund.
