Author: Tax Law Solutions

Puerto Rican Sourced Income provides tax savings for entrepreneurs

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Our tax attorneys and business strategists design tax plans that allow your business to benefit from Puerto Rico’s 4% corporate tax rate. Contact us today to learn more.

https://news.bloombergtax.com/daily-tax-report/insight-puerto-rico-source-income-as-an-opportunity-to-generate-tax-efficiencies

#taxlawsolutions #taxlaw #taxattorney #taxplanning #taxconsulting #puertoricobusiness #act20 #act22 #act73 #act60 #opportunityzones #taxsavings #taxstrategy #taxstrategies #smallbusiness #businessowner #businessstrategy #businessstrategies #taxes2020 #taxrelief

Using CARES Act to become a time traveler

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In his science fiction masterpiece, The Time Machine, H.G. Wells wrote: “[i]t is a law of nature we overlook, that intellectual versatility is the compensation for change, danger, and trouble.” Essentially, the line is a less pithy (and, arguably, more nuanced) version of Nietzsche’s “what doesn’t kill you makes you stronger.” And, like all true aphorisms, the poignance of Wells’ observation from the late nineteenth century transcends Time itself. Inarguably, the turmoil engendered by the Virus and the subsequent economic shut-down has given us a world that is replete with “change, danger and trouble”. And, for those select, informed few whose “intellectual versatility” has strengthened amidst the din, a wide portal to economic opportunity has opened.

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Record Keeping is key!

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Are you aware of the various record keeping requirements for the new tax laws and credits? Our office can provide you and your business the guidance it needs to ensure compliance!

#taxlawsolutions #taxlaw #taxattorney #taxplanning #taxconsulting #puertoricobusiness #act20 #act73 #opportunityzones #taxsavings #taxstrategies #smallbusiness #businessowner #businessstrategies #tax #taxrelief

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IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program

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The IRS is temporarily suspending field, office and correspondence audits. Now is the time to organize your personal and business tax affairs. Contact our office to learn how we can assist you.

#taxlawsolutions #taxlaw #taxplanning #taxconsulting #puertoricobusiness #act20 #act73 #opportunityzones #taxsavings #taxstrategies #smallbusiness #businessowner #businessstrategies #taxes

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