There is no doubt that these are times of rapid changes in fluctuating global markets. Regardless of the type of industry, size, or even geographic location, organizations are facing unprecedented challenges in an unpredictable business landscape. There is no need to concede to these times,...
As the year 2020 gets ever nearer to its conclusion, there is no doubt that to this date, it has changed history books, not just locally, but worldwide. Caribbean Business recently highlighted the work of Galíndez in documenting the effects this historic year has had...
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 a new wave of funding made...
The Puerto Rico Treasury Department has recently announced new incentives for the private sector through a new round of Paycheck Protection Program (PPP) loans for small businesses, providing more than $350 million to help mitigate the deep financial impact of the COVID-19 emergency. ELIGIBILITY REQUIREMENTS Private...
November 2019 marked the start of an unprecedented international health phenomenon, with devastating economic and social impact seen and felt around the globe. In Puerto Rico, the COVID-19 pandemic hit us aggressively in late February 2020. As a result, commercial activity island-wide has been affected...
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”)...
Wondering if your IT infrastructure is secure? You may need to consider an IT security audit, which can provide invaluable information about your security controls. Risk management audits force us to be vulnerable, exposing all our systems and strategies. They’re uncomfortable, but they’re undeniably worth...
The knowledge gained through an Information Security Risk Assessment can help guide businesses in Puerto Rico in making rational decisions to improve security posture and align risk with acceptable tolerance levels. By understanding information security risk and the impact it may have on an organization,...
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...