A moratorium on new Employee Retention Credit claims will allow the IRS to better protect the public from scams

Amid rising concerns about a flood of improper Employee Retention Credit claims.

Auditor Role in Financial Statement Fraud Prevention

Auditors have a significant role in financial statement fraud prevention.

Back To School Free Sales and Use Tax For The Period 2023-2024

During this period, the school uniforms and school materials can be acquired exempt from sales and use tax.

Tax Alert: Act 52-2022 – Technical Amendments – 2011 Puerto Rico Internal Revenue Code

The Governor of Puerto Rico signed Act No. 52-2022 (Act 52) to introduce various technical amendments to certain provisions of the 2011 Puerto Rico Internal Revenue Code, as amended (PR Code).

2023 Puerto Rico Direct and Indirect Annual Statutory Tax Returns – When and where to file

The Puerto Rico Internal Revenue Code (“Code”), Section 1061.16, establishes the time and place for filing the required income tax returns with the Puerto Rico Treasury Department, being every April 15 the main income tax due date for individuals and corporate taxpayers with calendar year-end.

Pass: Peer Review Year 2021

The American Institute of Certified Public Accountants (AICPA) requires its member firms to undergo a peer review program.

Tax Alert – September 2022

Tax Administrative Measures in response to the Emergency Caused after the passage of Hurricane Fiona.

IRS Tax Relief For Puerto Rico Victims Of Hurricane Fiona

Following the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS announced that affected taxpayers in certain areas will receive tax relief.

Emergency Incentives For PYMEs Affected By Hurricane Fiona

Economic Incentives PYMEs - Available Now!

How Do Internal Audit Services Benefit Your Business?

To demonstrate their corporate responsibility and risk management strategies, organizations and businesses must incorporate internal audit.

Tax Alert: Corporate Annual Reports

The Puerto Rico Department of State issued the Administrative Order 2022-005 to grant an additional extension to file the 2021 Corporate Annual Reports.

Updated Due Dates – 2021 Personal Property Tax Return

Administrative Order 2022-004 postponed the extended due date to file the 2021 Personal Property Tax Return.