Puerto Rican Summit a Vision for the Future

2024 Agenda Puerto Rican Summit, Friday, May 17, 2024 First Panel: 8:30 am-9:30  Meet your Legislators: The Power of Vote Moderator: Marcos Vila, President, Alianza For Progress Panelists: Hon. Victor Torres, Florida State Senator. Hon. Maribel Gomez Cordero, Commissioner, District 4, Orange County, Hon. Victor Vazquez, Councilman, City of Miami Springs, Miami Dade County Hon. Glen Gilzean, Supervisor of Elections, Orange County   Second Panel: 9:45 am -10:35 am Community and Business Development “Networking Works” Moderator: Ed Ramos, SBA, Small Business Specialist Panelists: Jonel Hein, SBA North Florida District Director David Rodriguez, Director,…

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Puerto Rico’s Act 22: A Tax Oasis with Mixed Blessings

tax incentives

Puerto Rico’s Act 22, also known as the Individual Investors Act, has become a hot-button topic. Enacted in 2012, the Act aims to stimulate the island’s economy by attracting high-net-worth individuals with significant tax breaks. But has it been a boon or a bane for Puerto Rico? Let’s dive into the Act’s impact and how Puerto Ricans themselves view it. The Allure of Act 22: Tax Breaks Galore Act 22 offers substantial tax incentives to individuals who establish bona fide residency in Puerto Rico. These incentives include a 100% exemption…

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Where to Buy Bitcoin in Turkey – Tips for Crypto Enthusiasts

crypto currency

Turkey is one of the countries that shares European and Asian cultures, giving it a thriving economy. The cryptocurrency sector in the country is growing at a very fast pace with its revenue expected to hit $139.2 million in 2024. This is a growth rate of over 10%, which is expected to rise as more crypto enthusiasts come on board. Probably, you are here because you want to be part of this growth. If yes, then you need to know where to buy Bitcoin in Turkey. This article will share…

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Navigating Tax Season: Unveiling the Intricacies of the IRS

IRS Tax Time

Tax Season Coming Soon As the dawn of a new year unfolds, so does the inevitable arrival of tax season. For many, this period is marked by a blend of anticipation and apprehension as individuals and businesses gear up to face the intricate web of tax regulations. At the center of this annual financial rite is the Internal Revenue Service (IRS), the United States government agency responsible for collecting and enforcing tax laws. As we embark on this journey through tax time, it’s crucial to unravel the layers of the…

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Strategies For Successful Business Networking

Business Networking

There are a variety of organizations that run networking groups across the country. The largest group is probably BNI, which offers members the chance to attend weekly meetings and develop new professional relationships to help them grow their business. some chambers of commerce are now organizing “leads groups” for their members as well. These groups are intended to offer members a way to connect with each other and potentially refer each other business. In most “leads groups” each group allows no more then one representative from any industry, so if…

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Alternatives to Debt Settlement

Debt Settlement

Debt can often feel like an insurmountable obstacle, especially when it continues to grow and feels unmanageable. In moments of despair, some may consider debt settlement as their only way out. However, debt settlement, which involves negotiating with creditors to pay off a portion of one’s debt, can be risky and may not always be the best solution. Instead, there are several less risky alternatives to consider. Debt consolidation programs are one such option, often presented as an effective way to simplify and tackle debt. Before you make any decision,…

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Credit Risk vs. Liquidity Risk: Differentiating Between Market Risks

Credit Risk vs. Liquidity Risks

An Overview of Credit and Liquidity Risk Financial institutions often face multiple risks when investing in assets or issuing loans. Two of the most significant risks are credit risk and liquidity risk. Credit risk in trading is the possibility that a borrower may be unable to repay their debt, which can lead to significant losses for the lender. Liquidity risk is when a financial institution may not have the necessary funds to meet its financial obligations.   Financial institutions must manage these risks effectively to ensure continued financial stability. Effective risk…

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Operation Bootstrap and its Affect on the Puerto Rican Economy

Operation Bootstrap Operation Bootstrap was a development program implemented by the Puerto Rican government in the 1940s, with the aim of transforming the island from an agriculture-based economy to an industrial one. The program was a response to the economic crisis that Puerto Rico was facing at the time, and was heavily influenced by US economic policies and ideas. This essay will explore the impact of Operation Bootstrap on Puerto Rico and its population. Operation Bootstrap was initially successful in creating jobs and attracting foreign investment to the island. It…

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How to Put Yourself in a Stronger Financial Position in Retirement

Are you worried about your financial security in retirement? You’re not alone. Many people are concerned that they won’t have enough money to last them through their golden years. Here are a few ways that you can put yourself in a stronger financial position in retirement.  Increase Your Savings Rate One way to put yourself in a stronger financial position in retirement is to increase your savings rate. While many focus on traditional savings methods, it’s worth noting how other nations approach retirement: personal pension savings in Iceland, for instance,…

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How to Encourage Your Kids to Develop Financial Independence

Financial Independence

Financial independence is one of the most important things you can teach your children. It gives them the ability to take control of their lives and make decisions that are best for them. Here are a few tips on how to encourage your kids to develop financial independence at a young age.  Teach Them Financial Literacy One of the best things you can do for your children is to teach them financial literacy. Financial literacy is the ability to understand and use financial concepts. It’s important to start teaching your…

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