The Financial Oversight and Management Board for Puerto Rico is reviewing the government’s proposed Fiscal and Economic Growth Plan — which on Friday was met with criticism by a cross-section of the island’s business community — and should be finished by Jan. 31.
The Technology and Innovation Committee of the Puerto Rico CPA Society will hold its first “Innovation in Accounting and Finance Forum” on May 20 at the Condado Plaza Hilton Hotel.
Every U.S. citizen is subject to the provisions of the United States Internal Revenue Code ("USIRC") regardless of their place of work or residence. Since people born in Puerto Rico are U.S. citizens, they are subject to the provisions of the USIRC.
The Puerto Rico Treasury Department has launched a series of embargoes on local businesses that have not been remitting collected Sales and Use Tax (“IVU”, for its Spanish acronym) to the government, nor their employees’ tax retentions.
The Puerto Rico Society of Certified Public Accountants will host a seminar on how the island’s economic scenario will affect the insurance sector, which is expected to take a hit from the government’s debt restructuring process.
Effective this week, the team of former Rodríguez & Luis CPAs, a firm with more than 15 years of experience providing particularly advisory and tax services, is joining Kevane Grant Thornton, adding technical experience and expertise to its workforce.
Two of the island’s largest private-sector trade groups, the Puerto Rico Chamber of Commerce and the CPA Society, weighed in Wednesday on the possible reasons for the $442 million revenue shortfall the Treasury Department reported for the month of April.
Executives have been named to top positions in Puerto Rico government agencies and private-sector companies across a spectrum of industries.
Amid news of credit degradation, income tax increases, rumors of raises in the sales and use tax, and possible changes to the federal minimum wage, you can almost hear the groans of small and medium business owners throughout Puerto Rico.
MSO of Puerto Rico Inc. President Raúl F. Montalvo announced the appointment of two executives to senior positions in the company:
Parissi PSC CPA, one of the largest professional multi-service firms in Puerto Rico and the Caribbean, has joined HLB International, a worldwide network of more than 500 CPA firms.
For the first time in Puerto Rico, the Association of Insolvency and Restructuring Advisors, in coordination with the CPA Society, will be offering exams to be qualified as a Certified Insolvency and Restructuring Advisor.
The CPA Society, in collaboration with the Center for Public and Corporate Governance at the University of Turabo, will host "The challenges of governance: proposing solutions to the crisis” forum this Friday, when a group of international speakers will share their views on the subject.
The Puerto Rico CPA Society, in collaboration with the Economic Development Bank and Puerto Rico Trade and Export, will offer a three-hour seminar about the incentives program available with the approval of the Jobs Now Act.
The Puerto Rico CPA Society and the Economic Development Bank have partnered to, among other things, identify financing sources and services to help promote local products and services companies with the goal of creating jobs and strengthening existing businesses, EDB President Joey Cancel-Planas said Thursday.
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