On August 8, 2020, President Trump signed a Presidential Memorandum (“the Memo”) authorizing employers to defer withholding and payment of a portion of their employees’ Social Security taxes (6.2%) if wages are under a certain threshold. Last week, the IRS issued Notice 2020-65 (“the Notice”)...
Galindez, LLC Partner and Tax Expert Kenneth Rivera shares with El Nuevo Día readers his insights on new economic and legislative changes taking place in light of the new scenario brought on by COVID-19. In this column, Rivera outlines various assistance programs available to companies...
Your trusted team of advisors at Galíndez, LLC wants to keep you informed about the latest changes in local and federal regulations, programs, and incentives. That’s why today we are sharing the new SMB Assistance Program. Here’s what you need to know: Link to CC RI-20-26...
Thanks to the incredible amount of clients we’ve had the honor of assisting, our team of consultants has practically become experts on the matter of the novel PPP Program. Fortunately for clients, your trusted team of advisors at Galíndez, LLC can now serve both roles:...
As the list of PPP recipients grows, so does the agencies’ need for auditing across all industries. Since the first round of funding was depleted so quickly, and many large businesses were approved for loans they didn’t need, the SBA is stepping up efforts to...
With the new changes signed into law last Friday, June 5th, and the release issued on Monday, June 8th, there are new and important updates to PPP that your organization needs to know. Here's a brief summary prepared by your Galíndez, LLC team: New Loan Forgiveness...
If you need any help navigating these programs, your trusted team of advisors at Galíndez LLC is ready to provide assistance: info@galindez.com. ...
As stated by the Executive Order issued by the Governor of Puerto Rico, professional activities such as those performed by certified public accountants firms will be allowed to resume in the workplace as of Monday, May 4, 2020. In this regard, Galíndez, LLC offices will remain...
Your team of consultants at Galíndez, LLC is proud to provide up-to-date, practical information on the Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP) as economic stimulus measures following the COVID-19 pandemic. CLICK HERE TO DOWNLOAD PDF (ENGLISH) CLICK HERE TO DOWNLOAD PDF (ESPAÑOL) If you...
As a result of Governor of Puerto Rico’s Executive Orders No. OE-2020-020 and OE 2020-023 issued on March 12 and March 15, respectively, Puerto Rico was declared in a state of emergency due to COVID-19 impact, and a total lockdown was ordered. The Treasury issued...