Services
We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...
-
Financial statements audits
Financial statement audits
-
Compliance audits
Compliance audits
-
Compilations and reviews
Compilations and audit
-
Agreed-upon procedures
Agreed-upon procedures
At Kevane Grant Thornton, tax is a key part of our organization and our award-winning teams can offer you a range of solutions, whatever the size of your...
-
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
-
International tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
-
Tax compliance
Business Tax
-
Individual taxes
Individual taxes
-
Estate and succession planning
Estate and succession planning
-
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
-
Sales and use tax and indirect taxes
SUT/ VAT & indirect taxes
-
Tax incentives program
Tax incentives program
-
Transfer Pricing Study
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
As your business grows, our advisory services are designed to help you achieve your goals. Successful growth often means navigating a complex array of...
-
Business consulting
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
-
Forensic and investigative services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
-
Fraud and investigations
The commercial landscape is changing fast. An ever more regulated environment means organizations today must adopt stringent governance and compliance processes. As business has become global, organizations need to adapt to deal with multi-jurisdictional investigations, litigation, and dispute resolution, address the threat of cyber-attack and at the same time protect the organization’s value.
-
Dispute resolutions
Our independent experts are experienced in advising on civil and criminal matters involving contract breaches, partnership disputes, auditor negligence, shareholder disputes and company valuations, disputes for corporates, the public sector and individuals. We act in all forms of dispute resolution, including litigation, arbitration, and mediation.
-
Business risk services
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
-
Internal audit
We work with our clients to assess their corporate level risk, identify areas of greatest risk and develop appropriate work plans and audit programs to mitigate these risks.
-
Service organization reports
As a service organization, you know how important it is to produce a report for your customers and their auditors that instills confidence and enhances their trust in your services. Grant Thornton Advisory professionals can help you determine which report(s) will satisfy your customers’ needs and provide relevant information to your customers and customers’ auditors that will be a business benefit to you.
-
Transactional advisory services
Transactions are significant events in the life of a business – a successful deal that can have a lasting impact on the future shape of the organizations involved. Because the stakes are high for both buyers and sellers, experience, determination and pragmatism are required to bring deals safely through to conclusion.
-
Mergers and acquisitions
Globalization and company growth ambitions are driving an increase in M&A activity worldwide as businesses look to establish a footprint in countries beyond their own. Even within their own regions, many businesses feel the pressure to acquire in order to establish a strategic presence in new markets, such as those being created by rapid technological innovation.
-
Valuations
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
-
Recovery and reorganization
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
Our outsourcing services allow you to save time and money in order to concentrate on the competencies and the core business activities.
Careers page for Kevane Grant Thornton
The Kevane Grant Thornton Difference
Grant Thornton prides itself on being a values-driven organization and we have more than 56,000 people in over 140 countries who are passionately committed to...
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience...
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
Experienced hires
Students
Jobs at Kevane Grant Thornton
Familia Kevane reflects the sentiment that our partners and team members express about their experience in the firm and that steers the pillars that define our...
Emerging markets and shifting consumer demand are creating new opportunities in food and beverage, with business leaders investing in new products, markets and...
Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To succeed,...
At Kevane Grant Thornton we provide services to the Healthcare industry
Rapid change and complexity are norms, and innovation the fuel in the technology industry. Today’s revolutions – including cloud, as-a-service, social media...
At Kevane Grant Thornton we provide services to the Industrial products industry.
Across the globe, not for profit organizations are increasingly expected to deliver more, while at the same time facing cuts in government funding and...
We work with all types of agencies, including central and state government, local government, donors (including bilateral and multilateral international...
While the impact of the prolonged downturn continues to be felt, pockets of opportunity and optimism have emerged within the retail estate and construction...
At Kevane Grant Thornton we provide services to the Services industry.
Dynamic businesses need to move with speed and purpose if they want to capitalise on opportunities in hospitality and tourism. At Grant Thornton, we know...
Tax Alert
Veto of Puerto Rico House of Representative Bill 2172
16 Jan 2020On January 12, 2020, the Governor of Puerto Rico vetoed Puerto Rico House of Representatives Bill 2172, hereinafter referred to as “HB 2172”. It was a pocket veto as the Governor of Puerto Rico did not sign the legislation during the prescribed period, on or before January 12, 2020.
HB 2172 aimed to amend the following laws: Articles 1 and 11 of Act 168 of June 30, 1968, as amended, known as “Hospitals Tax Exemption Law”; Article 6.03 of Act 83-1991, as amended, known as “Municipal Property Tax Law of 1991”; various sections of Act 1-2011, as amended, known as “2011 Puerto Rico Internal Revenue Code”; Article 8.3 of Act 27-2011, as amended, known as the “Puerto Rico Filming Industry Tax Incentives Law”; Article 1 of Act 48-2013, as amended, known as “Law to establish a special contribution for professional and advisory services, increase the proportion of machines in casinos and restructure the distribution of said profits”, repeal Article 84 of Act 210-2015, as amended, known as “Real Estate Property Registration Law of the Commonwealth of Puerto Rico”; various sections of Act 60-2019, as amended, known as the “Puerto Rico Incentive Code”, various articles of Act 81-2019, as amended, known as “Puerto Rico Government Gaming Commission Law”; create the “Police Retirement Trust Law”; amend Article 17 of Act 183-2001, as amended, known as “Urban Center Revitalization Law”; and other related matters.
HB 2172 proved to be a controversial one since its original filing provided that the Fiscal Oversight Board immediately argued it was contrary to the fiscal plan. It proposed several tax changes, including among others:
- modify the requirements for businesses to submit audited financial statements with their tax return, when such businesses volume of business is $3,000,000 or more and does not exceed $10,000,000. HB 2172 proposed that these businesses be required to submit an Agreed Upon Procedures Report or a Compliance Attestation prepared by a CPA; businesses with a volume of business of $10,000,000 or more would be required to submit audited financial statements;
- individuals with a volume of business lower than $750,000 may opt to submit their tax return with a certification signed by a “Specialist Accountant” in place of the former requirement to submit the “Agreed Upon Procedures Report” or the “Compliance Report” prepared by a Certified Public Accountant;
- increase the business to business (“B2B”) sales and use tax exemption from $200,000 to $300,000;
- increase the discount from 5% to 8% from an individual’s tax liability determined for individuals whose gross income does not exceed $150,000;
- gradually eliminate the 1.5% contribution for professional and advisory services under Act 48-2013; and
- increase the Tax Credit for the Elderly from $200 to $400.
Please contact our Tax Department should you require additional information regarding this or any other tax issue. We will be glad to assist you.
Also appears under...