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 […]