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Trade in transition: Opportunity in a ‘wait and see’ world
Trending topics Trade in transition: Opportunity in a ‘wait and see’ world
Navigating tariffs : Maintaining mid-market resilience amid ongoing uncertainty. At the close of 2024, mid-market businesses were riding a steady wave of optimism. According to Grant Thornton's International Business Report (IBR) research 54.6% of mid-market firms planned to increase their exports, with a similarly strong 50.3% expecting revenue growth from international markets. However, as we entered 2025 trade tensions escalated, with optimism experiencing its first notable dip in two years (down 2.9pp to 72.7%). Despite these early signs of caution emerging among mid-market leaders though, the underlying fundamentals – rooted in agility and strategic foresight – remained relatively robust.
7 min read | 21 Jul 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
A quick look at money laundering and its regulations
Advisory article A quick look at money laundering and its regulations
Facts of money laundering and its regulations
23 Jan 2020
Extension for filing and payment of the municipal SUT through COFIM
Tax Alert Extension for filing and payment of the municipal SUT through COFIM
On January 20, 2020, the Municipal Financing Corporation (COFIM) announced through a local newspaper (link) that it extended the deadline for merchants to submit their sales and use tax returns and payments of January until January 31, 2020
23 Jan 2020
45th anniversary
Celebrating 45th anniversary
45th anniversary Kevane Grant Thornon
23 Jan 2020
Federal tax relief for victims of earthquakes in Puerto Rico
Tax Alert Federal tax relief for victims of earthquakes in Puerto Rico
On January 17, 2020 the Internal Revenue Service (“IRS”) issued Press Release PR-2020-01 (“PR-2020-01”) to announce a tax relief for the victims of the earthquakes in Puerto Rico.
22 Jan 2020
Earthquakes tax-related matters and developments on CBDG-DR funds
Tax article Earthquakes tax-related matters and developments on CBDG-DR funds
After the recent earthquakes that have hit Puerto Rico, the United States President Donald J. Trump declared Puerto Rico a major disaster zone in six municipalities, and now the Puerto Rico government is seeking into the designation of 10 additional municipalities. Also, Secretary of HUD Ben Carson finally appointed a monitor to oversee the administration of disaster relief allocated to Puerto Rico, which seemed to be the last piece of the puzzle to start the distribution of CDBG-DR funds into Puerto Rico.
22 Jan 2020
The Division of Corporation Finance issues tech, IP risk disclosure guidance
Audit article The Division of Corporation Finance issues tech, IP risk disclosure guidance
In this issue we review the SEC’s Division of Corporation Finance view regarding the disclosure obligations that companies with international business operations should consider regarding intellectual property and technology risks associated with international business operations.
21 Jan 2020
What’s new for Social Security and Medicare in 2020
Outsourcing article What’s new for Social Security and Medicare in 2020
The Federal Tax Guide - Publication 15 includes the following changes for the taxable year 2020.
20 Jan 2020
Postponement of tax due dates considering recent earthquakes
Tax Alert Postponement of tax due dates considering recent earthquakes
As a result of the damages caused by earthquakes that have affected and continue to affect Puerto Rico since January 6, 2020, the Puerto Rico Treasury Department (“PRTD”) announced the postponement of various tax filing and payment due dates for the month of January 2020
17 Jan 2020
Veto of Puerto Rico House of Representative Bill 2172
Tax Alert Veto of Puerto Rico House of Representative Bill 2172
On January 12, 2020, the Governor of Puerto Rico vetoed Puerto Rico House of Representatives Bill 2172, hereinafter referred to as “HB 2172”. It was a pocket veto as the Governor of Puerto Rico did not sign the legislation during the prescribed period, on or before January 12, 2020.
16 Jan 2020
Estate planning and digital assets
Tax Insight Estate planning and digital assets
The importance of managing your digital assets as any other asset in your estate.
15 Jan 2020
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Tax Article Temporary exemption from the sales and use tax in prepared foods
The Puerto Rico Department of the Treasury “PRTD” issued Administrative Determination 20-01 “AD 20-01” to provide a temporary exemption from the Puerto Rico Sales and Use Tax “SUT” to individuals in those taxable items acquired in Puerto Rico that are considered “prepared foods”, “carbonated drinks”, “confectionery products” and “candies” hereinafter and collectively, “prepared foods”, as defined in Section 4010.01 of the Puerto Rico Internal Revenue Code of 2011, as amended “Code”.
09 Jan 2020
M&A is not the place for rose-colored glasses
Advisory article M&A is not the place for rose-colored glasses
How are you preparing for a M&A. Go beyond the apparent.
17 Dec 2019
SEC Final Rule amends Volcker Rule
Audit article SEC Final Rule amends Volcker Rule
In this issue we review the SEC final rule amending Section 13 of the Bank Holding Company Act, commonly referred to as the “Volcker Rule.”
16 Dec 2019
What tax matters did 2019 bring us?
Tax article What tax matters did 2019 bring us?
Since the beginning of 2019 new reporting and compliance rules have been incorporated to our tax system. Learn how you can maximize your tax position.
12 Dec 2019
2019 Informative Returns filing 480.7E
Outsourcing article 2019 Informative Returns filing 480.7E
The Puerto Rico Treasury Department has issued Administrative Determination No. 19-08 with the guidelines for the filing of 480.7E Informative Returns for the taxable year 2019.
12 Dec 2019
Misuse of fiscal terminals in Puerto Rico
Tax Alert Misuse of fiscal terminals in Puerto Rico
The Puerto Rico Treasury Department has issued Administrative Determination 19-07 to inform the penalties for the misuse of fiscal terminals.
03 Dec 2019
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