Tag: business

Luis Muñoz Marín

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Luis Muñoz Marín (1898 – 1980) was a Puerto Rican journalist, politician, and prominent figure in creating ties between the United States and Puerto Rico. He was the founder of the Popular Democratic Party, president of the Puerto Rican Senate, and the first democratically elected governor of Puerto Rico. During his regime, Puerto Rico saw political and economic reform, mass migration, and suppression of independence ideals. José Luis Alberto Muñoz Marín was born February 18, 1898 in San Juan, Puerto Rico. A few months after his birth, Puerto Rico was…

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How to Properly Handle Your Taxes

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taxes

If you work for a regular monthly salary or operate a business, you are bound to pay income tax to the federal government through the Internal Revenue Service (IRS). However, it wouldn’t be surprising if you realize you have been overpaying or underpaying your taxes, depending on different circumstances. To avoid that, you need to file a tax return each year to keep your tax situation under control. Filing for tax returns lets you know if you qualify for a refund in the event you have been overpaying your taxes,…

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What Do You Need To Manage A Puerto Rican Apartment?

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Puerto Rico has seen a surge in interest, both from returning locals and from Americans moving over from the mainland. The Wall Street Journal has reported a brisk surge in luxury property sales as these people look to settle down on the island, with new developments springing up from San Juan to Dorado Beach. Life on Puerto Rico isn’t quite the same as elsewhere, however, and the steps needed to properly manage apartment living on the island require a little bit of nous and work to get around. Looking after…

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Bankruptcy FAQ For Individuals

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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…

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Work From Home Tax Forms

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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…

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Which are the best options to Save for College?

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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…

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Tax Relief And COVID-19

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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…

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How Financial Planning Prepares you for Times Like This

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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?…

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