This comprehensive tax guide is designed to keep you well-informed about the tax due dates and filing requirements for both Puerto Rico and the United States. It also offers valuable tax insights for individuals, businesses, and sales and use tax considerations.

Carlos Dolagaray CPA, who was previously an Audit and Advisory partner in the firm’s since 2021, will lead the office as managing director of Kevane Grant Thornton Puerto Rico as of November 1st. 2024. Dolagaray succeeds, upon his retirement, CPA Carlos Marcano, who was the managing partner since 2014. The appointment coincides with the 50th anniversary of the founding of Kevane Grant Thornton.

Choosing the right business structure is one of the most important decisions any entrepreneur or business owner needs to make. This decision will not only affect the daily operations of the business but will also have a direct impact on how income, deductions, and overall tax obligations are treated. In Puerto Rico, the tax laws are unique and while there are similarities with the federal tax regulations in the United States, they have distinctive characteristics that can significantly influence your tax situation.

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