On December 10, 2018, Act 257 (“Act 257-2018”) was enacted to incorporate several amendments to the PR Code. The Act is effective as of its approval date, unless the same Act provides otherwise. On May 1, 2019, the PRTD issued the Administrative Determination Number 19-01...
Recognizing that a large number of taxpayers have not been able to obtain all the required information to submit the application of the employee retention benefit and that such federal funds are vital in the recovery and support of the businesses in Puerto Rico, the...
The Puerto Rico Treasury Department (“PRTD”) issued Internal Revenue Circular Letter Number 19-10 (“IRCC 19-10”) on April 4, 2019 to: Notify the new form and describe the filing procedure for the new quarterly return and, Establish the minimum amount of income tax withheld that may be...
Another important partnership we have is with “Fondos Unidos de Puerto Rico”. For more than 50 years, this private organization has been dedicated to promoting well-being among the community. It aims to work with volunteers in an intimate way and to foster a better quality...
The 2017 Tax Cuts and Jobs Act (the “TCJA”) incorporated in the United States Internal Revenue Code of 1986, as amended (the “IRC”) the concept of Opportunity Zones (the “OP Zones”). If a person realizes a capital gain and invests it in a duly designated...
A Special Announcement to all our Esteemed Clients: We are extremely excited to announce that Galíndez, LLC is now part of Nexia International. Nexia International is the ninth largest global network of independent accounting and consulting firms, and we have been added as their exclusive partner...
On September the 21st, 2017, life for all Puerto Ricans was forever changed as Hurricane Maria made landfall. As soon as the calm settled, Galíndez, LLC sprang into action. After making sure all our staff members were okay, we went hard at work to ensure...
Social commitment is very important to Galíndez LLC, a core value we hold dearly. We are always looking for this type of initiative to contribute and serve the community with a legitimate interest. And in this case, we decided to contribute and help “Casa Familiar...
Music is one of the most fabulous expressions of the human being because it manages to transmit different sensations that other forms of art may not. Music is a complex system of sounds, melodies, and rhythms that man has been discovering and elaborating to obtain...
Education is a significant part in a person’s life. Every day, a student is grappled with the big question after high school: what college will I go to? The answer isn’t always simple, but getting organized, performing research and talking to the right people is...