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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
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
Non-withholding Agents required to submit quarterly reports
Tax Alert Non-withholding Agents required to submit quarterly reports
Act 25 of 2017 created a new category of merchants known as “Non-withholding Agent”. These merchants are engaged in the business of “mail order sales” and their only contact with Puerto Rico is that the buyer is a resident of Puerto Rico or a person carrying on a trade or business in Puerto Rico.
27 Apr 2018
Digital disruption
Digital disruption
How do today’s leaders ensure that their businesses can anticipate digital disruption and seize the opportunities?
26 Apr 2018
Withholding Exemption Certificate (Form 499R-4)
Outsourcing Alert Withholding Exemption Certificate (Form 499R-4)
The federal tax guide for Puerto Rico employers (Publication 179) has issued the following changes for taxable year 2018.
19 Apr 2018
New interpretive guidance on cybersecurity disclosures
Audit Alert New interpretive guidance on cybersecurity disclosures
New guidance has been issued addressing the new topics stressing the importance of companies policies and procedures around the timely disclosure of cybersecurity risk and incidents, as well as the applications of insider trading prohibitions within the cybersecurity context.
19 Apr 2018
Puerto Rico designated as a federal Opportunity Zone
Tax Alert Puerto Rico designated as a federal Opportunity Zone
The Opportunity Zones legislation aims to foster the creation and expansion of businesses in certain communities through short- term and long-term capital gains tax deferral and the potential of significant set-up in basis.
18 Apr 2018
The new COSO ERM framework and data analytics
Advisory Alert The new COSO ERM framework and data analytics
This new update helps organizations manage risk differently - it paves a new path towards the evaluation of how risk is used in the strategic decision making process, which ultimately affects an organization’s performance.
18 Apr 2018
Payment plan for the 2017 Income Tax Return
Tax Alert Payment plan for the 2017 Income Tax Return
The Puerto Rico Treasury Department (the “PRTD”) issued Internal Revenue Circular Letter No. 18-06 to establish the terms and conditions for the procurement and issuance of Payment Plans for the 2017 Income Tax Return.
17 Apr 2018
Automatic extension of time for 2017 Income Tax Returns
Tax Alert Automatic extension of time for 2017 Income Tax Returns
The Puerto Rico Treasury Department issued Administrative Determination No. 18-07 (“AD 18-07”) to provide an automatic extension of six (6) months for the filing of 2017 Income Tax Returns.
16 Apr 2018
Federal tax guide for the employers of Puerto Rico
Outsourcing Alert Federal tax guide for the employers of Puerto Rico
The federal tax guide for Puerto Rico employers (Publication 179) has issued some changes for taxable year 2018.
21 Mar 2018
Property casualty loss deduction for 2017 tax return
Tax Alert Property casualty loss deduction for 2017 tax return
The Puerto Rico Treasury Department issued Administrative Determination No. 18-05 (“AD 18-05”) to both confirm the requisite filing of documentation to properly claim the property casualty loss deduction, and to establish the process whereby this evidence will be submitted to the Puerto Rico Treasury Department for purposes of the 2017 Tax Return.
20 Mar 2018
Five ways to achieve performance-driven risk management
Advisory Alert Five ways to achieve performance-driven risk management
Achieving high performance in the current business environment demands an understanding of not only risk and risk management, but also truly integrated risk management and how to realize it.
19 Mar 2018
Pension plan accounting: updated mortality information
Audit Alert Pension plan accounting: updated mortality information
To measure a defined benefits plan’s cost and obligations under U. S. GAAP, a sponsor must use assumptions that reflect its best estimate of the plan’s future experience.
15 Mar 2018
What’s new under Social Security and Medicare
Outsourcing Alert What’s new under Social Security and Medicare
The Internal Revenue Service has issued Publication 15 - Employer’s Tax Guide 2018, which incorporates changes to Social Security and Medicare and disaster tax relief applicable to taxable year 2018.
19 Feb 2018
Brief overview of casualty losses for individuals
Tax Alert Brief overview of casualty losses for individuals
When one considers the level of devastation that hurricane Maria caused in Puerto Rico, it is no wonder that a surefire item of discussion during this tax season will be casualty losses. Conscious of this, below we provide you with an overview on how these are treated under both federal and local laws for individual tax purposes.
16 Feb 2018
Execs view M&A as critical to growth
Advisory Alert Execs view M&A as critical to growth
Half of middle market companies have bought or sold all or part of a business, or have merged with one. Read the takeaways from the National Center for the Middle Market (NCMM) survey.
15 Feb 2018
Land Easement Practical Expedient for Transition- Topic 842
Audit Alert Land Easement Practical Expedient for Transition- Topic 842
The FASB has issued ASU 2018-01, Land Easement Practical Expedient for Transition to Topic 842, to clarify how entities should apply the new guidance in ASC 842, Leases, to land easements.
14 Feb 2018
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