The Treasury Department has embraced the use of transfer pricing rules to assess the reasonability of those intercompany charges. #NewsismyBusiness
They warned that the online problems “affect taxpayer pockets."
Institutional fraud takes a $2.4 billion bite out of Puerto Rico’s economy, representing at least 3.5% of gross revenue, according to the “Portrait of Fraud in Puerto Rico 2020” study revealed by the Puerto Rico Society of CPAs. “The term occupational fraud can be defined as those acts committed by employees with the objective of […]
The Puerto Rico Society of CPAs will celebrate “IT Week,” comprising four webinars to educate members and citizens up-to-date on relevant issues during the COVID-19 emergency, the trade group announced. “The Puerto Rico Society of CPAs has always been committed to keeping our professionals at the forefront of relevant issues,” said David E. González-Montalvo, president […]
Individual Retirement Accounts (IRA) are one of the few instruments allowed by the Puerto Rico Internal Revenue Code that provide a tax benefit to individuals. In addition, it is an excellent vehicle to create a retirement fund. What is the taxable benefit? The benefit is to take a deduction in the income tax return for every […]
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