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...
Anticipating potential problems that taxpayers and merchant may confront in the near future, as a result of the state of emergency caused by COVID-19, the Treasury issued several publications to adopt the following cash flow relief measures or benefits: Please note that the Administrative Determination Number...
On March 18, 2020, the Puerto Rico Treasury Department (“Treasury”) issued the Administrative Determination 20-08 (“Determination”) to temporarily exempt certain items acquired by natural persons from sales and use tax due to the COVID-19 emergency. This exemption will be valid from March 20, 2020, until...
Due to the COVID-19 emergency, on March 18, 2020, the Puerto Rico Treasury Department (“Treasury”) issued the Administrative Determination 20-07 (“Determination”) to temporarily exempt certain items acquired by natural persons from sales and use tax. This exemption will be valid from March 23, 2020, until...
As many of us have been made aware, COVID-19 may increase existing risks to your staffing and office access/availability. The Galíndez, LLC team are devoted to providing resources, insight and practical solutions to mitigate the impact of the virus in your daily operations. Mitigating risks among...
Considering the economic distress that COVID-19 impact might have in taxpayers, the Puerto Rico Treasury Department (Treasury) is allowing a moratorium on the actual payment plans executed with the agency, as established on Internal Revenue Circular Letter No. 20-20. Therefore, a taxpayer under a payment...