Puerto Rico is a territory of the United States of America and uses the U.S. Dollar as its official currency. Residents of Puerto Rico many times refer to the US Dollar as Peso or Puerto Rico Dollar. If you are traveling to Puerto Rico you can exchange your currency into US dollar so you can use…
Business Loans for Laundromats and Key Details
If you are looking to start a Laundromat, you have many options to fund the business. You can use your own savings, borrow from family and friend or look for Laundromat Loans. There are many ways to finance a Laundromat and many Business Loans for Laundromats are available. We have provided Key Details below. How…
Do You Need a Tax Attorney or CPA?
Do you need a tax attorney or CPA depends upon your business or personal tax or financial needs. Tax Attorneys and CPA’s both are expert in their own fields. While there might be some overlap in their expertise and skills both have different skillset that can help you in different ways. While both of them…
Tax Fugitive & Tax Crimes: Key Facts
No one likes paying taxes, especially when you have to pay a lot of it. Many taxpayers try to find ways to by pass the system by not paying correct amount of taxes or simply evading the taxes. IRS and State Tax authorities take tax evasion very seriously. Our Articles ” Tax Fugitive & Tax…
Farm and LLC: All You Need to Know
With the advancement in technology, more people are pursuing the latest agricultural techniques to grow and improve their businesses. However, when you plan to make your farm the primary source of income, you need to adopt the best methods to manage your business finance. You also need to consider how to protect yourself far from…
How to File Tax Return In Puerto Rico?
Many Taxpayers who move to Puerto Rico are under impression that they do not need to file a tax return nor do they need to pay a tax return because they are in “Tax Heaven”. Its not true. There are several tax filing requirements while you are in Puerto Rico. We have explained in detail…
How to Find an Accountant for a Small Business?
Are you a small business owner or are you looking to start a small business? There are 4 key professionals you will need to make your business successful such as a Business Attorney, Small Business Accountant, Insurance Agent & Small Business Banker/Loan officer. These 4 professionals will help you establish a solid foundation for your…
What Is a Full Charge Bookkeeper?
The term “full charge bookkeeper” can be a little confusing. Is it someone who has a full charge in the accounting department? Or is it someone responsible for all of the books? In fact, many people confuse full charge bookkeepers and regular accountants. This can prove quite problematic, especially if you are a business owner….
7 Tax Challenges for Contractors & Construction Company Owners
If you are a Construction Company Owners or a Contractor you have probably seen your share of Tax problems. You may be getting a notice from the IRS or the State Tax Authority, seems like this circle never stops. Over the last 20 years preparing returns for General contractors and Subcontractors, we have seen our…
Tesla Model X Tax Write Off 2022-2023
People are Die Hard Fans of Tesla and they absolutely love Model X. Not only its a great looking SUV but it comes with best tax benefits. Some buy it as its electric and many buy it because they can use this vehicle for conducting their business and get thousands in tax write offs. In…
