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Commercial Client, Given the situation of the coronavirus (COVID-19), we reaffirm that we are committed and prepared to support you and your business. We have the banking tools that will help you maintain the operational continuity of your business without having to visit
By: José J. Villamil Estudios Técnicos, Inc. What is the total amount of federal funds for reconstruction after hurricane Maria that has reached Puerto Rico so far? Much of what will happen in our economy over the next five years depends on them. There is confusion
By: José J. Villamil Estudios Técnicos, Inc. As expected, for the past two years, attention on the island’s economic situation has focused on reconstruction post-Hurricane Maria. There is still a long way to go for our economy to return to a pattern of sustained
This article is a collaboration of the Puerto Rico Society of Certified Public Accountants By CPA Cecilia C. Colón Ouslán, CGMA, Esq. Past Chairman of the Board of Directors - Puerto Rico Society of Certified Public Accountants If your business pays for professional
This article is a collaboration of the Puerto Rico Society of Certified Public Accountants By CPA Cecilia C. Colón Ouslán, CGMA, Esq. Past Chairman of the Board of Directors - Puerto Rico Society of Certified Public Accountants If you are self-employed and provide
This article is a collaboration of the Puerto Rico Society of Certified Public Accountants By CPA Cecilia C. Colón Ouslán, CGMA, Esq. Past Chairman of the Board of Directors - Puerto Rico Society of Certified Public Accountants Act 257-2018, better known as the 2018 Tax
We must be prepared to face natural disasters like hurricanes Irma and Maria. Every business is at risk, and to ensure the continuity of your business when disaster strikes, it is essential that you mitigate that risk. Developing a business continuity plan is one of the
In the event of a natural disaster, having business interruption coverage¹ will help you replace your business’ lost income. It also covers operational expenses such as incurred payments for contracted services even if the business is temporarily closed. For business
Our commercial properties or businesses can be negatively impacted by many events, including natural disasters such as hurricanes or earthquakes. As a result of such an event, both the structure of the property and the equipment you use to run it can be destroyed or severely
The hurricanes that affected our island not too long ago served as a reality check that reminded us of the importance of being prepared, which in turn helps mitigate their financial impact on your business. Below, we offer a guide with some ideas you should consider to