Accounting

The Puerto Rico State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is: Department of the Treasury Bureau of Income Tax Intendente Alejandro Ramirez Bldg. Paseo Covadonga, Stop 1 P.O. Box S-4515 San Juan, PR 00905 (787) 721-2020 http://www.hacienda.gobierno.pr/ Puerto Rico has no […]

The Foreign Account Tax Compliance Act was enacted by the Congress in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act to combat tax evasion by US persons holding investments in offshore accounts. The United States Treasury Department and the IRS continue to develop guidance concerning FATCA. […]

It is hard to get a funding from a business plan, even a very good business plan. You can give yourself a much better chance of raising capital if you avoid eight common business plan mistakes. Your business plan may be the first thing investors see, and it is important […]

In an economy where housing prices are increasing and employment rates are stationary, the use of an equity loan is often the choice of homeowners who need extra funds. Such loans are sometimes known as second mortgages or even third mortgages and, if you have enough equity in your home, […]

Intellectual Property (IP) is a valuable asset that is included in a company’s “balance sheet” and provides additional valuation to a company. For early stage and small companies, IP may be the company’s sole or primary asset base. Intellectual Property includes patents, trademarks, service marks, copyrights, and trade secrets. This […]

There is no doubt that interest in corporate governance has substantially increased in recent years. Not only have separate states adopted their own corporate codes but also changes in corporate governance are directed at a global level. For developing economies, corporate governance helps to achieve stable economic growth by means […]

Real estate investment decisions are made on the investor criteria. Unless the rental property serves some other purpose, perhaps to close a 1031 tax exchange in a hurry, capitalization rate, internal rate of return, cash on cash return, or some other factor or combination of all factors, tell the real […]

The clock is ticking ‘Time is money’ in bodyshops and service workshops. Essentially, these operations buy and sell the time of panel beaters, painters and technicians. A service workshop, for example, might buy one hour from a technician for £10 and sell it to a customer for £40, and make […]