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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
2019 Puerto Rico individuals year-end tax planning
Tax article 2019 Puerto Rico individuals year-end tax planning
With the end of 2019 in sight, November is a good time to look ahead and consider some important tax planning aspects for the upcoming tax filing season.
21 Nov 2019
group meeting
Advisory article How finance can get to the future faster
It’s time for finance to make another move. Finance teams have eliminated paper processes and adopted cloud solutions – now, they’re feeling pressure to leverage automation. It’s the next phase in what Bloomberg’s Taran Khera calls the “age of automation,” and it feeds the digital decisions that are starting to drive business.
19 Nov 2019
Electronic filing requirements for 2019 Informative Returns
Outsourcing article Electronic filing requirements for 2019 Informative Returns
The Puerto Rico Treasury Department has issued Publication 19-03 with the electronic filing requirements for Informative Returns for the tax year 2019.
19 Nov 2019
SEC staff issues statement on LIBOR transition
Audit article SEC staff issues statement on LIBOR transition
SEC highlights certain risks associated with the expected discontinuation of LIBOR past 2021.
19 Nov 2019
2019 Electronic filing requirements for Form 499R-2/W-2PR
Outsourcing Article 2019 Electronic filing requirements for Form 499R-2/W-2PR
The Puerto Rico Treasury Department has issued new guidance providing the electronic filing instructions for Form 499R-2/W-2PR.
23 Oct 2019
3 ways a board drives private company success
Advisory article 3 ways a board drives private company success
How private companies can get the most from their boards
22 Oct 2019
FASB staff addresses lessor inquiry
Audit Article FASB staff addresses lessor inquiry
Two methods identified for operating lease receivable impairment accounting.
18 Oct 2019
Cryptocurrencies: recent tax developments for individuals
Tax Article Cryptocurrencies: recent tax developments for individuals
During the past decades, technology has revolutionized all aspects of human life, including how business is done. As a result, the virtual currency industry has emerged in such a way that it may also be used to pay for goods or services due to its function as a medium of exchange.
18 Oct 2019
SUT postpones the requirement for the commercial lease exemption
Tax Alert SUT postpones the requirement for the commercial lease exemption
Act 257 of December 10, 2018 (“Act 257-2018”), introduced important changes to the Puerto Rico tax system including the amendment of Section 4030.14 of the Puerto Rico Internal Revenue Code of 2011 (“the Code”), as amended. Under Section 4030.14 of the Code, the rental payments for the lease of real property for commercial purposes are exempt from the payment of the sales and use tax (“SUT”), including the payments for offices, storage and parking spaces.
03 Oct 2019
Changes in the file transmission layout for fiscal terminals
Tax Alert Changes in the file transmission layout for fiscal terminals
The Puerto Rico Treasury Department has established new guidelines in relation with the file transmission layout for fiscal terminals.
19 Sep 2019
Changes to 2019 Withholding Statements Forms and Informative Returns
Outsourcing article Changes to 2019 Withholding Statements Forms and Informative Returns
The Puerto Rico Treasury Department has issued Informative Bulletin 19-09 to notify the changes made to Forms 499R-2/W-2PR and Informative Returns for the year 2019.
18 Sep 2019
A change is expected in Act 154
Tax Article A change is expected in Act 154
Meetings with PR and US Government have triggered the need to identify an alternative to the 4% excise tax of Act 154-2010.
18 Sep 2019
Smaller reporting company redefined
Audit Article Smaller reporting company redefined
In this issue we review the smaller reporting company redefined by the SEC.
17 Sep 2019
Addressing the threat within
Advisory Article Addressing the threat within
Protecting your system and data from inside users is as important as protecting it from external threats.
16 Sep 2019
Due date for estimated tax payment
Tax Alert Due date for estimated tax payment
Individuals and businesses should remit third estimated tax payment for taxable year 2019 due on September 16. In this alert, we will focus on in the Optional Tax available for self-employed individuals that derive their income substantially from services under Act 257-2018 and Act 60-2019.
09 Sep 2019
Amendments to the Puerto Rico Internal Revenue Code
Tax Article Amendments to the Puerto Rico Internal Revenue Code
Read the most significant amendments made by the Puerto Rico Incentives Code to the Puerto Rico Internal Revenue Code.
27 Aug 2019
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