You are currently browsing the tag archive for the ‘small business taxes’ tag.

by Justin Velez-Hagan, National Executive Director

A recent article published here, discusses how an amendment to the recent tax extension bill could increase business investment and perhaps even hiring.

The crux of the tax provision allows businesses to fully write off capital expenditures that would normally depreciate over time.  As an example, if a company wants to buy a new piece of equipment, say a delivery truck, they would usually be able to deduct from their tax base (increase their cost) by the amount that the truck has lost value during that year (set at a GAAP accounting standard), which in effect reduces their tax bill at the end of the year by a portion of the investment, instead of all at once.  However, under the new amendment, companies can write off the entire amount immediately.

The administration believes that this extra tax deduction will allow a greater investment in human capital (increase in hiring) as well as to encourage companies to invest in expansion that they would otherwise have put off.   Read the rest of this entry »

Advertisements

You read correctly.  In reaction to record budget shortfalls on the island, the Puerto Rican legislature passed a bill raising taxes on some of the largest companies within its borders.  Then on Monday, the governor announced plans to reduce taxes on businesses and personal incomes, in an effort to jumpstart the economy.

We will provide an analysis in the coming days, but in the meantime you can read more in the following articles submitted through Reuters, respectively titled “Puerto Rico slaps new tax on offshore business” and “Puerto Rico unveils tax cuts to reignite economy.”  Read the rest of this entry »

Join 8 other followers

Articles by Category

RSS Articles for the Entrepreneur

  • An error has occurred; the feed is probably down. Try again later.

RSS Forbes Entrepreneurs

  • An error has occurred; the feed is probably down. Try again later.

RSS Puerto Rico news from PRFAA

  • An error has occurred; the feed is probably down. Try again later.

Join 8 other followers

RSS National Puerto Rican Coalition, Inc.

  • An error has occurred; the feed is probably down. Try again later.

Most used tags:

51st State Issue african-american entrepreneurship best schools for hispanics best schools for puerto ricans breast cancer hispanics broadband broadband for minorities broadband in puerto rico broadband puerto rico business policy charlie rangel congress and small business conservative fiscal policy diageo economic growth economic growth policy entrepreneurship contest entrepreneurship education entrepreneurship in the classroom facebook for minority business facebook for small business governor fortuno healthcare hispanics hispanic entrepreneurs hispanics and broadband hispanic scholarships investment opportunities puerto rico latina breast cancer latina entrepreneurs latino broadband latino education latino entrepreneurs latino entrepreneurship latino entrepreneurship videos latino leaders marijuana and business marshall kirby minorities in corporations minority board representation minority bus. development minority business minority entrepreneurship minority small business research net neutrality obama and small business peurto rico economy poll on economic outlook puerto rican economy puerto rican entrepreneurship puerto rican environmental policy Puerto Rico 15st State puerto rico broadband puerto rico business puerto rico business tax puerto rico credit rating puerto rico economy puerto rico unemployment research on small business research on women in business rum cover over sba september 11th small business advice small business development small business economic outlook small businesses drive economy small businesses of elected officials small business jobs and credit act of 2010 small business loans small business policy small business taxes tax policy The National Puerto Rican Chamber of Commerce Publicity via verde women in business