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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
2020 Deadlines established by Puerto Rico and United States tax authorities
Tax Alert 2020 Deadlines established by Puerto Rico and United States tax authorities
On December 30, 2020, the Governor of Puerto Rico signed Act 173-2020, to empower the Puerto Rico Treasury Department Secretary to establish a new deadline for the filing of the 2020 Tax Returns.
2 min read | 31 Mar 2021
New Sales and Use Tax provisions for Marketplace Facilitators and Marketplace Sellers in Puerto Rico
Tax Alert New Sales and Use Tax provisions for Marketplace Facilitators and Marketplace Sellers in Puerto Rico
The year 2021 brought new developments related to the Sales and Use Tax, including new initiatives that will make it easier for the Puerto Rico Treasury Department to look after mail-order sales. The changes started with Act 40-2020 which introduced two new categories of merchants to the Sales and Use Tax parlance, the Marketplace Facilitator, and the Marketplace Seller.
4 min read | 31 Mar 2021
COVID-19 related loan restructuring by creditors
Audit Article COVID-19 related loan restructuring by creditors
In this article we review the COVID – 19 related loan restructuring by creditors interaction between the interagency statement and section 4013 if the CARES Act.
7 min read | 23 Mar 2021
Key business questions facing technology companies in 2021
Technology sector Key business questions facing technology companies in 2021
For many businesses, 2020 was a year of turmoil. But for technology firms, it was a year of high growth potential.
Less than a minute | 23 Mar 2021
people paying attention to speaker
Advisory article 10 tips for facing tougher regulations
Critical factors to consider when companies are taking a fresh look at their compliance programs.
3 min read | 22 Mar 2021
Special source rules applicable to certain gains of former United States residents
Tax Article Special source rules applicable to certain gains of former United States residents
Federal income tax implications of certain capital gains derived by a new bona fide resident of Puerto Rico that previously resided in the United States.
10 min read | 22 Mar 2021
Hybrid working: the new normal
Women in business 2021 Hybrid working: the new normal
For years, flexible working has been high on the agenda for companies looking to promote more women into senior management. With an enforced switch to remote working driven by COVID-19, there has been a seismic shift in attitudes to the potential and challenges of flexible practices. But will these changes become embedded in businesses?
Less than a minute | 18 Mar 2021
Puerto Rico Treasury Department and IRS notify Audit and Compliance Campaigns
Tax Alert Puerto Rico Treasury Department and IRS notify Audit and Compliance Campaigns
The Puerto Rico Treasury Department and the Internal Revenue Service will investigate and audit certain individuals and entities tax matters.
2 min read | 11 Mar 2021
Transfer pricing
GLOBAL TRANSFER PRICING GUIDE Transfer pricing
At Kevane Grant Thornton we are fully authorized by Grant Thornton International to provide clients transfer-pricing services independently from other member firms. Transfer pricing refers to the price ascribed to transactions between entities in two different jurisdictions, such as when a parent company in one country sells goods or services to a subsidiary in another country.
01 Mar 2021
Global transfer pricing guide
Transfer pricing Global transfer pricing guide
Transfer pricing is the No. 1 international tax area of concern to multinationals, tax authorities are reviewing transfer pricing to tackle profit shifts that could be detrimental to the tax revenue of their countries or jurisdictions.
01 Mar 2021
How boards can champion an anti-fraud ecosystem
Advisory article How boards can champion an anti-fraud ecosystem
Private companies are more likely to be the victims of occupational fraud than their publicly held counterparts. Having a board of directors and management team that champions a culture of fraud awareness is vital.
3 min read | 18 Feb 2021
FASB provides practical expedient for initial franchise fees
Audit article FASB provides practical expedient for initial franchise fees
In this article we review the practical expedient provided by FASB for initial franchise fees.
3 min read | 16 Feb 2021
Tax advantage of preparing a Transfer Pricing Study
Tax Article Tax advantage of preparing a Transfer Pricing Study
Commencing on tax year 2019 the Puerto Rico Internal Revenue Code of 2011, as amended (“Code”) provides a tax advantage for entities that incur or pay expenses to related entities that are not engaged in trade or business in Puerto Rico.
2 min read | 15 Feb 2021
IRS extends compliance relief for QOFs and their investors
Tax Alert IRS extends compliance relief for QOFs and their investors
The Internal Revenue Service extends compliance relief to QOFs and their investors due to the ongoing COVID-19 pandemic.
6 min read | 03 Feb 2021
Treasury Department exempts IBE and IFE from filing the monthly foreign transaction report
Tax Alert Treasury Department exempts IBE and IFE from filing the monthly foreign transaction report
The Puerto Rico Department of Treasury (the Department) recently eliminated the requirement to International Banking Entities (IBE) and International Financial Entities (IFE) to submit the Transfer Funds Report for transactions performed outside of Puerto Rico of $5,000 or more.
2 min read | 27 Jan 2021
2021 Retirement Plans limits and how to claim the American Opportunity Credit
Tax Alert 2021 Retirement Plans limits and how to claim the American Opportunity Credit
The Puerto Rico Department of Treasury issued Circular Letter 2021-01 informing the limits applicable for contributions to retirement plans and Circular Letter 2021-02 to establish the eligibility and procedures to be followed by those Puerto Rico eligible individuals interested in claiming the American Opportunity Credit for tax years 2018 and onwards.
7 min read | 27 Jan 2021
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