Bankruptcy FAQ For Individuals

Filing for bankruptcy is a difficult and draining process. People often feel ashamed, scared, or confused. If you find yourself with no other options, bankruptcy can be a good way to clear out old debts, change financial patterns, and most importantly get a fresh start. Here is everything you need to know about filing for bankruptcy. Note: Depending on what type of taxes you owe, you might not be able to wipe out your back taxes in bankruptcy proceedings. Our firm specializes in tax resolution and back tax debt settlements…

Read More

Work From Home Tax Forms

work from home

Work From Home Tax Forms: How To Store Them, How To File Them And How To Reduce Your Liability Working from home can be a dream come true, especially if you also work for yourself. Opportunities for freelancers, gig workers and other self-employed men and women have exploded in recent years, giving people the freedom, they crave without sacrificing the income they need. This is far more evident with the current COVID situation where millions of Americans are now commuting from their bedroom to the dining room table for a…

Read More

Which are the best options to Save for College?

Which are the best options to Save for College? 529 PLAN VS PERMANENT LIFE INSURANCE This is a question that us parents ask ourselves when we want to decide on our children’s future. Some parents always said: “I don’t know if my kid will go to college”, “I’m successful and I only have a high school diploma”, “I don’t want to put life insurance on my kid”, etc. But at the end of the day, it all depends on your financial goals and obligations, as well as the degree of…

Read More

Tax Relief And COVID-19

Much like a natural disaster, the coronavirus took the world by storm and forced everyone to seek “shelter at home” and to change their daily habits in an effort to “flatten the curve”. This meant shutting down businesses and within a week, millions of Americans found themselves out of a job. Businesses who had record sales at the beginning of March found themselves near insolvency by end of March. Despite a $2 trillion stimulus bill, the economy will undoubtedly take a bit hit and take time to recover. People who…

Read More

How Financial Planning Prepares you for Times Like This

Right now, things are feeling uncertain that’s for sure. The novel call COVID-19 is impacting our daily routines and lives, from parents not knowing if school are going to be open this month and if the procedures that they are taking are the correct ones to our workplaces. Not even the most knowledgeable economic forecast models couldn’t predict something like what just happened a couple of months ago. First and most the question is what can we do in a world that is changing the way our country is moving?…

Read More

5 Business Ideas for If You’re Wanting to Move Back to the Island

Do you want to move back to Puerto Rico, but are concerned about the economy and job prospects? You’re not alone. The island’s economy has taken hit after hit with all of the hurricanes, adding to the overall perception that the island doesn’t have much of an economy. With this, many young Puerto Ricans—the island’s future—are leaving and moving to the U.S. If you’re planning to stay, or to move back, however, there are some business ideas that can help you make a living on the island. Why Start a…

Read More

Puerto Rican Chamber of Commerce of Central Florida

Puerto Rican Chamber of Commerce of Central Florida 1417 N. Semoran Blvd., Ste. 205 Orlando, FL 32807 Call (407) 233-3341 https://www.prcccf.com/ As the voice of business and culture for Central Florida, the Chamber works to ensure that the Central Florida region is a vibrant and prosperous place to carryout business while developing lasting relationships. The Chamber seeks to maintain and enhance a strong business climate based on the principles of free enterprise and social responsibility. We are committed to advancing existing businesses, attracting new economic opportunities and constructively influencing public…

Read More

Ramon Ortega Certified Public Accountant

Ramon Ortega is a licensed Certified Public Accountant (CPA) in Florida and Puerto Rico. He holds a Bachelor Degree in Accounting with over 20 years of managerial experience in government and private sector. He is a member of the American Institute of Certified Public Accountants and Puerto Rico Certified Public Accountants Ramon Ortega CPA, PA is a Certified Public Accountant firm located in Weston, Florida. We are licensed in Florida and Puerto Rico and we are committed to provide a complete professional accounting, tax and consulting services to business owners and clients. …

Read More

Top Tips For Managing Your Money In An Uncertain Environment

Puerto Rico’s economy has seen its fair share of problems in recent years. From government debt problems to the end of tax breaks which used to benefit the territory, times have been a little tough here. And with Bloomberg reporting that there are still problems to come, it’s important to make sure your personal finance goals are updated to take into account the rough and tumble of these economic shifts. Luckily, there are plenty of ways in which you can ensure your money is managed well if you live in Puerto Rico. From investing to keep ahead of…

Read More