CFSE to launch mobile app for Puerto Rico employers starting July 1
May 20, 2025
New digital tool will streamline payroll, certifications and policy access for more than 120,000 businesses. #NewsismyBusiness
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AlChavo.com to offer payroll services to FirstBank’s commercial clients
January 29, 2025
As part of the agreement, Alchavo.com will host a free webinar titled “Efficient Practices for Completing the Payroll Cycle.” #NewsismyBusiness
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IRS provides relief for Puerto Rico residents affected by TS Ernesto
August 26, 2024
Taxpayers have until Feb. 3 to file federal tax returns and make payments due to the storm’s impact. #Newsismybusiness
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Report: Minimum wage increase benefited Puerto Rico’s economy
October 19, 2023
More than half a million employees benefit, contributing an additional $116.6 million to the island’s payroll. #NewsismyBusiness
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Puerto Rico unemployment remained at 6.2% in August
September 20, 2023
Labor statistics reveal consistent economic growth, with the labor force participation rate rising. #NewsismyBusiness
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Puerto Rico unemployment remains at historic low
July 24, 2023
The Labor and Human Resources Department reports steady growth and job creation across sectors, reflecting a positive trend in the island’s economy. #NewsismyBusiness
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Puerto Rico marks 1.8% YOY growth in EDB-EAI
July 13, 2023
The Economic Development Bank’s Economic Activity Index indicates a steady positive trend. #NewsismyBusiness
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CooPACA, alchavo.com partner to offer payroll service automation
September 27, 2019
Credit union CooPACA has partnered with payroll processing firm alchavo.com to offer fully automated services payroll processing to customers, CooPACA CEO William Méndez-Pagán announced. “Through this alliance, we became the first credit union in facilitating access to a robust cloud-based technology platform that automates payroll processing. Our customers have requested this service and we have […]
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AlChavo.com continues to expand, strengthen platform
August 24, 2016
Online accounting and payroll financial solutions firm AlChavo.com recently launched a new payroll module, while it continues to expand its local and foreign presence by the hand of Microsoft’s internet cloud “Azure,” the 16-year-old company announced Tuesday.
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P.R. economic activity slides 1.8% YOY in June
August 9, 2016
Puerto Rico’s economic activity index held up its downward spiral in June, when it reflected a reduction of 1.8 percent compared to June 2015, and a 0.2 percent reduction compared to May 2016, the Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA) announced Monday.
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Walmart P.R. workers included in announced pay hike
January 21, 2016
More than 1.2 million Walmart U.S. and Sam’s Club associates will receive a pay increase under the second phase of the company’s two-year, $2.7 billion investment in workers, to a minimum of $10 an hour, the company announced Wednesday.
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HCBR Group now serving Puerto Rico’s HR market
February 12, 2014
Chicago-based Human Capital Business Resources Group Inc. announced Tuesday it is now duly authorized to do business as a foreign corporation in Puerto Rico and will be providing professional employer organization services, payroll and tax compliance solutions.
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OMB: Puerto Rico expenses under budget, down 6% YOY
January 9, 2014
Driven by a drop in payroll and the implementation of a fiscal improvement program at the Education Department, the Office of Management and Budget said Wednesday that Puerto Rico’s expenses so far this fiscal year are under budget and reflect a 6 percent year-over-year decline.
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Agriculture Dept. assigns $5.8M to struggling farmers
October 26, 2012
In the midst of the worst drought the U.S. mainland has witnessed in more than 50 years, which has significantly increased food prices worldwide, the Agriculture Department has earmarked $3.7 million to help Puerto Rico farmers address higher feed and production costs, agency Secretary Neftalí Soto said Thursday.
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