Perdomo Ferrer LLC is a full-service CPA and Consulting Firm
We offer audit, review, compilation, income tax planning and compliance, retirement and estate planning, as well as assistance in liquidity management. Our clients are kept abreast of recent developments concerning issues relevant to their specific needs. We have developed a niche by providing specialized services in management consulting and business process improvement programs and currently serve clients in 26 states.
Doing Business in Puerto Rico
While business opportunities govern a foreign corporation’s decision to do business in Puerto Rico, the structuring of its foreign operations is one of the weightiest decisions which can provide the business with various tax planning opportunities. Some of the structures available to a corporation contemplating doing business in Puerto Rico are:
- Domestic Corporation
- Partnership
- Foreign Branch
- Foreign Subsidiary
- Special Partnership
- Limited Liability Company
- Corporation of Individuals
- Sole Proprietorship
The structures are not mutually exclusive and may be used in various combinations given a particular market. We will gladly assist you in determining and implementing the structure that is most advantageous for you.
Business Taxes
- Income Tax Return
- Property Taxes
- Municipal License Tax
- Annual Corporation Report
- Sales and Use Taxes
- Registration and Licensing
Payroll Taxes
Payroll-Related Expenses for the Labor Employed by a Company Operating in Puerto Rico
The different labor-related expenses of a company operating in Puerto Rico consist of the Federal Insurance Contributions Act (FICA), the Federal Unemployment Tax Act (FUTA), the Puerto Rico unemployment and disability taxes, chauffeur’s insurance, and the Puerto Rico workers' compensation insurance.
- FICA
- FUTA
- Puerto Rico Unemployment Tax
- Disability Benefits Tax
- Chauffeur’s Insurance
- Workers' Compensation Insurance
- Income Tax Withheld
- Christmas Bonus
- Summary of Payroll Taxes
