In an effort to look after Puerto Rico’s economic well being, the Puerto Rico CPA Society will offer an 11-part series of seminars for auto dealership owners, managers, staff and suppliers.
The Puerto Rico Society of CPAs will be hosting a symposium on the newest accounting, auditing and internal control standards and findings, as well as other key topics for the profession on June 14, at the Conrad San Juan Condado Plaza.
The Puerto Rico Society of CPAs will mark its 40th anniversary during the upcoming “CPA Week,” May 12-18. As in previous years, the celebration will feature seminars and social activities for the CPAs.
The head of the Puerto Rico Society of CPAs expressed concern Wednesday over the changes the current administration is proposing to the sales and use tax structure, specifically, the elimination of the business-to-business exemption.
The Individual Retirement Account, best known as an IRA, is one of the few options that the Puerto Rico Internal Revenue Code provides as a tax shelter mechanism for tax relief when filing the income tax return. In addition, the IRA promotes the creation of a private and individual fund for the account holder’s eventual retirement.
Law 1 of January 31, 2011, also known as the Internal Revenue Code for a New Puerto Rico (herein the “New Code”), replaces the Internal Revenue Code of 1994, as amended. This New Code amends and adds new provisions to the previously known Section 1165, related to Puerto Rico Pensions Plans (now Section 1081.01). This article specifically refers to Chapter 8 — Trust and Successions, Subchapter A — Employees Trusts.
The challenges that Puerto Rico’s construction sector is facing, driven primarily by fiscal constraints and volatility in certain markets, will remain a constant in the next two years, when the industry will have to be creative to move forward, a well-known economist said during a recent forum.
As the new year rolls in, Puerto Rico’s main professional trade groups — the Puerto Rico Chamber of Commerce, the Puerto Rico Manufacturers Association and the CPA Society — are weighing in on what they believe the island will need to improve its economic condition and quality of life for its citizens.
Puerto Rico Society of Certified Public Accountants President Kenneth Rivera-Robles urged all sectors to set forth a reform program to help the island’s new leaders to get over the current crisis.
During the fourth edition of its “Electronic Equipment Recycling Day” event, the Puerto Rico CPA Society collected more than 17,000 pounds of unwanted electronics that will be kept out of the island’s dumpsters.
Considering that financial fraud is seemingly becoming more sophisticated with each passing day, The CPA Society of Puerto Rico will host a daylong seminar Dec. 8 to discuss the most recent cases and present tools to prevent, control and manage it if it happens again.
CPA and business advisory firm Centeno Figueroa & Co. received accreditation from the Florida Department of Professional Regulation: Board of Accountancy to do business in the southern state, the company announced. The certification was the result of a rigorous evaluation process of the 20-year firm, said CPA and company President Néstor Centeno
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