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We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...

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Navigating the complex landscape of tax incentives in Puerto Rico can be challenging. Whether you're looking to benefit from the Export Services Act (Act 20), the Individual Investors Act (Act 22), or other incentives under Act 60, we provide tailored advice to help you maximize your tax benefits and ensure compliance. Let us help you unlock the potential of doing business in Puerto Rico.
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Kevane Grant Thornton is an International Business Center within the Grant Thornton network. Our expert team provides integrated solutions to help Puerto Rico businesses navigate the complex issues that arise when developing global businesses.

Related insights:

Tax Insight SUT Considerations for Beneficiaries of Puerto Rico Tax Incentives

Puerto Rico offers various tax exemption grants to eligible entities, providing significant tax advantages and growth opportunities. Knowing the Sales and Use Tax (“SUT”) implications for entities that are beneficiaries of tax exemption grants is crucial for effective planning, establishing goals, and strategies, as well as minimizing the impact on the organization's finances.

Javier Oyola

| 1 min read | 31 Jul 2025

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Advisory article SOC 2: Strengthen security and stand out in the market

SOC 2 reporting is used to assess how service organizations protect customer data. Kevane Grant Thornton's advisory team can help streamline your organization’s controls and processes to protect your brand's reputation and build trust.

Jorge Paredes

| 3 min read | 18 Aug 2025

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Kevane Grant Thornton
Professional Articles
Effective dates of FASB ASUs

Audit Article

Effective dates of FASB ASUs

By:

Johanna Pérez

21 Apr 20221 min read

Accounting pronouncements issued as of March 31, 2022.

Contents

This publication summarizes the effective dates of FASB Accounting Standards Updates (ASUs) that are not yet effective for all entities. The ASUs listed in this Effective Date Schedule may (1) be effective currently for some entities, or (2) require disclosures under Staff Accounting Bulletin 74, Disclosure of the Impact that Recently Issued Accounting Standards Will Have on the Financial Statements of the Registrant When Adopted in a Future Period, for pronouncements not yet adopted by the registrant if the impact of the adoption is expected to be material. This schedule is not a substitute for reading the ASUs. Some effective date and transition requirements have been paraphrased in this document.

Source: Grant Thornton Insight March 31, 2022

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