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In April of 2016, the Treasury Department will implement a Value Added Tax (IVA for its Spanish acronym). As a precursor to the IVA, the Treasury Department will begin to implement a series of changes related to the Sales and Use Tax (IVU for its Spanish acronym) that affects
In recent times the unsustainable growth rate of health care costs consumes greater portions of the bank accounts of families, corporations and government. Spending on health care services is growing faster than the gross domestic product, and businesses are struggling to
By: Gustavo Vélez, economist
Recent events surrounding the public debt represent new challenges for Puerto Rico and businesses on the island. The community of local business owners has been hit hard by the current crisis. Between 2006 and 2015, about 15,000 businesses have
Hurricane season is already here and we want to help you get prepared.
Thanks to technology advances in meteorology, we can anticipate when an atmospheric disturbance approaches. Every year from June 1 to November 30, the probabilities of experiencing a hurricane or a
In our article: "Your office in your cell phone and your computer" we share some platforms that make your work life easier. In this second part you will learn the importance of your business having presence in social networking websites. Also, learn about the products to
When you are an entrepreneur, your business is the main asset that will help you obtain your financial independence. Your company’s profitability and finances should be important considerations in your business plan. Answering the questions for what and why do you own your
By: Gustavo Vélez
See which emerging sectors are leading the development of the island’s economy.
When we talk about economic crisis, what comes to mind is something negative. In reality, the current process is one of great changes.
Emerging economic sectors
My friend María, a psychiatrist, added a new service to her private practice two years ago: the option of seeing her patients via Skype, a platform that allows real-time communication via text, voice and video. All you need is a computer with a video camera or a smartphone.
By: Kurt A. Schindler, Ph.D*
There is a common misconception that business owners start their own business because they want to get rich. However, in an online survey conducted by Inc. magazine (www.inc.com), in which 462 small business owners participated, it showed that the
By Kurt Schindler
When asked, many entrepreneurs don’t know how to calculate how much their business actually makes. For some, everything is ok as far as they can make “enough to live on and save a little”. If this is your case, then read on. If you are a business