Running a business in Puerto Rico
Once the doors are open, the work is monthly: IVU, payroll, books and collections. These are the general tools you can use.
Invoices with state and municipal IVU
Invoices with state and municipal IVU in Puerto Rico: how to show the 10.5% state and 1% municipal tax and mark exempt items on each invoice.
Staff and payroll data: CFSE, unemployment, SINOT
Staff and payroll data in Puerto Rico: what employee records you need for CFSE, unemployment and SINOT, and how to keep hours and leave current.
USD bookkeeping for your CPA
USD bookkeeping for your CPA in Puerto Rico: current books, a monthly close and data ready for your business’s local and federal returns.
Collections and bank reconciliation
Collections and bank reconciliation in Puerto Rico: SMS and email reminders you write yourself and how to match ATH Móvil, transfers and checks to invoices.
Payroll withholding and annual statements
Payroll withholding and annual statements in Puerto Rico: what the employer withholds, what each employee receives and how to prepare data for the CPA.
Independent contractors and informative returns
Independent contractors and informative returns in Puerto Rico: how to classify who works for you, what to withhold and what to keep for Hacienda.
