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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
calendar
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
Keep innovating through a slowdown
Advisory Article Keep innovating through a slowdown
Innovation strives when faced with no other choice. What can businesses do to overcome economic downturns?
23 Apr 2019
Proposed accounting standard update for Business Combinations
Audit Article Proposed accounting standard update for Business Combinations
FASB proposes an accounting standard update for Business Combinations.
18 Apr 2019
Quarterly return - tax withheld for Services Rendered
Outsourcing article Quarterly return - tax withheld for Services Rendered
The Department of the Treasury has established the filing requirements for the Quarterly Return of Tax Withheld on Payments for Service Rendered.
12 Apr 2019
Leverage: CECL use test to improve operations
Advisory Article Leverage: CECL use test to improve operations
Use CECL user testing to move from compliance to value.
27 Mar 2019
Corporation income tax returns – e-filing guidance
Tax Alert Corporation income tax returns – e-filing guidance
The Puerto Rico Department of Treasury has released Circular Letter 19-08 establishing the filing deadlines for certain corporation income tax returns.
20 Mar 2019
Income tax extensions returns – e-filing guidance
Tax Alert Income tax extensions returns – e-filing guidance
The Puerto Rico Department of Treasury has released Circular Letter 19-06 stating new guidance for individuals, corporations and LLCs on the filing of automatic extensions for income tax returns.
20 Mar 2019
Narrow Scope Improvements for lessors
Audit Article Narrow Scope Improvements for lessors
The FASB recently issued ASU 2018-20, Leases (Topic 842): Narrow Scope Improvements for Lessors, which simplifies how lessors implement the new leasing guidance in ASC 842, Leases.
20 Mar 2019
CRIM requests taxpayers the appraisal of real property
Tax Article CRIM requests taxpayers the appraisal of real property
The Governor has enacted Act No. 6 of February 12, 2019, to assist the CRIM with the request of appraisal of real estate property.
19 Mar 2019
Unemployment and Disability returns filing only through portal
Outsourcing Article Unemployment and Disability returns filing only through portal
The Puerto Rico Department of Labor and Human Resources announces the filing of the returns will only be through the employer’s portal.
19 Mar 2019
Sales and Use Tax eliminated for some service providers
Tax Alert Sales and Use Tax eliminated for some service providers
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.
01 Mar 2019
Informative declarations filing date extended
Tax Alert Informative declarations filing date extended
The Puerto Rico Treasury Department has extended the filing date for the informative declarations
28 Feb 2019
Transforming risk to drive value
Advisory Article Transforming risk to drive value
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.
26 Feb 2019
Filing of W-2PRs and informative returns through SURI
Outsourcing article Filing of W-2PRs and informative returns through SURI
The Department of Treasury has issued the guidance to access the Annual Withholding Statements and Informative Returns through SURI.
22 Feb 2019
PR Treasury Department tax season update
Tax Article PR Treasury Department tax season update
The Puerto Rico Treasury Department has issued a series of publications as a tax season update.
22 Feb 2019
Estimating the fair value of inventory
Audit article Estimating the fair value of inventory
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.
20 Feb 2019
ASC 842 lessons for private companies
Advisory article ASC 842 lessons for private companies
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.
28 Jan 2019
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