News

17 Sep Private Sector Payroll Protection Program for Puerto Rico

Posted at 14:04h in News

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...

01 Sep Financial Analysis of the Hospitals in Puerto Rico under COVID-19 Emergency

Posted at 12:55h in News

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...

01 Sep Payroll Tax Deferral: Updates from the IRS

Posted at 10:07h in News

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”)...

10 Aug 5 Key Steps of an IT Security Audit: What To Expect

Posted at 10:00h in Insights, News

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...

05 Aug Top 5 Benefits of an IT Risk Assessment

Posted at 00:00h in Insights, News

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,...

10 Jun Galindez shares Insights on CARES Act in El Nuevo Dia

Posted at 10:00h in Insights, News

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...

06 Jun (NEW) SMB Assistance Program in Puerto Rico: What You Need to Know

Posted at 18:15h in News

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...

06 Jun Galindez Navigates Audits With You

Posted at 17:55h in Insights, News

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:...

06 Jun PPP and Audits: Stay Informed

Posted at 17:55h in Insights, News

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...

06 Jun What’s new in PPP? What you Need to Know About the New Paycheck Protection Program Flexibility Act

Posted at 17:46h in Insights, News

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...