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In the vibrant business landscape of Puerto Rico, entities, encompassing corporations and partnerships, operate within a framework of specific tax...
In the intricate realm of financial planning and compliance, understanding the nuances of reasonable compensation emerges as a pivotal factor...
When tax season arrives, it's crucial for residents of Puerto Rico to be well-prepared and informed about the necessary documentation...
Working from a home office has become increasingly common, with remote work arrangements on the rise. Whether you're a full-time...
Hiring your children and putting them on the payroll can be a strategic and financially savvy move, provided it’s done...
Earned income, which includes wages, salaries, and self-employment income, is subject to taxation. However, there are numerous strategies, deductions, and...
Doctors who qualify for the incentives can now receive an income tax exemption on the first $500,000 of their taxable...
The Law 52-2022 added Section 1061.25 to the Puerto Rico Internal Revenue Code of 2011, as amended (“Code”), to require...
The Corporate Transparency Act (CTA) became federal law in the United States on January 1, 2024. This legislation requires certain...