News | FPV & Galíndez LLC

Oscar Birriel Makes History!
The FPV & Galíndez team is extremely proud to share the news that Oscar Birriel......
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(NEW) SMB Assistance Program in Puerto Rico: What You Need to Know
Your trusted team of advisors at FPV & Galíndez wants to keep you informed about......
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FPVG Navigates Audits With You
Thanks to the incredible amount of clients we’ve had the honor of assisting, our team......
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PPP and Audits: Stay Informed
As the list of PPP recipients grows, so does the agencies’ need for auditing across......
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What’s new in PPP? What you Need to Know About the New Paycheck Protection Program Flexibility Act
With the new changes signed into law last Friday, June 5th, and the release issued......
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Guidelines and Facts: EIDL and Paycheck Protection Program Updated with Flexibilization (as of June 5th, 2020)
If you need any help navigating these programs, your trusted team of advisors......
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How do you Validate the Security of your Organization’s Services?
As our ability to gather and leverage actionable data for our companies increases, so does......
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Updates: FPV & Galíndez Implements COVID-19 Protocol for Puerto Rico
As stated by the Executive Order issued by the Governor of Puerto Rico, professional activities......
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What You Need To Know About the ‘Economic Injury Disaster Loan’ versus ‘Paycheck Protection Program’
Your team of consultants at FPVG & Galíndez is proud to provide up-to-date, practical informati...
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New Extended Due Dates for 2019 Tax Returns as Result of the COVID-19 Emergency
As a result of Governor of Puerto Rico’s Executive Orders No. OE-2020-020 and OE 2020-023......
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Other Cash Flow Related Measures Adopted by the Puerto Rico Treasury Department
Anticipating potential problems that taxpayers and merchant may confront in the near future, as a......
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Sales and Use Tax Exemption on Prepared Foods
On March 18, 2020, the Puerto Rico Treasury Department (“Treasury”) issued the Administrative De...
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Sales and Use Tax Exemption on Basic Essential Products
Due to the COVID-19 emergency, on March 18, 2020, the Puerto Rico Treasury Department (“Treasury�...
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Working Remotely? A Best Practices Checklist for COVID-19 Preparedness in Puerto Rico
As many of us have been made aware, COVID-19 may increase existing risks to your......
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Moratorium on Payment Plans
Considering the economic distress that COVID-19 impact might have in taxpayers, the Puerto Rico Trea...
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Annual Report Extension issued by the Puerto Rico State Department
Pursuant to the Puerto Rico State Department portal, the due dates to file the 2019......
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Extension of Administrative Terms Due to COVID-19
As of February 24, 2020, the Third Phase of SURI transition took place. As a......
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New Extended Period to File and Pay the Income Tax Return
As a result of Executive Order No. OE-2020-020 issued on March 12 by the Governor......
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Disaster Relief Payments as a Result of January Earthquakes
As experienced after Hurricane María, the PRTD issued Internal Revenue Circular Letter No. 20-08 (�...
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Special Disaster Distributions Allowed at a Preferential Tax Rate from Retirement Plans
Pursuant to Internal Revenue Circular Letter CC RI 20-09 (“the Letter”) eligible individuals can...
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Transition to SURI
On February 24, 2020, the PRTD completed the third phase of the transition to the......
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Extension Requests for 2019 Income Tax Returns
Pursuant to the Internal Revenue Circular Letter 19-15, every taxpayer will be required to electroni...
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Electronic Filing Procedures for the 2019 Income Tax Returns
INDIVIDUALS For 2019, the electronic filing of the income tax return (“return”) could be complet...
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Applicable Limits for Qualified Retirement Plans under §1081.01(a) of the PR Code
On December 30, 2019, the PRTD issued Internal Revenue Circular Letter 18-21, to notify the......
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Agreed Upon Procedures Required to Claim Certain Deductions for the 2019 Income Tax Returns
The PR Code was amended by Act No. 257 of 2018, to establish the requirement......
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New Annual Informative Declaration for Payments Received on Advertising, Insurance Premiums, Telecommunication, Internet Access and Cable or Satellite Services
n response to a recent court case, the PRTD issued the Internal Revenue Circular Letter......
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5 Great Benefits of Partnering with an Experienced IT Consultant in Puerto Rico
With faster and more frequent changes in the business landscape, it’s become increasingly importan...
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Informative Returns Now Due on March 31, 2020
Act No. 257 was enacted on December 2018 and made substantial changes to the Puerto......
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Due Dates Extended as a Result of the Recent Earthquakes
On January 8, 2020, the PRTD issued the Internal Revenue Circular Letter No. 20-02 (“Circular......
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Jan 2020 Sales and Use Tax Exemption on Foods
On January 9, 2020, the Puerto Rico Treasury Department (PRTD) issued the Administrative Determinati...
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Helping the Barrio Palmas Community
The FPV & Galíndez team is proud to support the Association for Youth and Community......
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FPV&G Regala Un Día 2019
FPV & Galíndez was proud to be a part of United Way’s ‘Regala un Día’®......
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Sales Tax Reduction for Restaurants and Prepared Foods
On August 2, 2019, the Puerto Rico Treasury Department (“PRTD”) issued Administrative Determinat...
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The FPV & Galíndez Team Hits the Lanes!
At FPV & Galíndez we’re all about team building and the great culture that sets......
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Back to School Tax Free Holiday
The PRTD issued the Internal Revenue Circular Letter Number 19-11 on May 17, 2019 to......
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Effective Dates for Some Amendments to the PR Code
On December 10, 2018, Act 257 (“Act 257-2018”) was enacted to incorporate several amendments to....
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Employee Retention Benefit for Hurricanes Irma and Maria
Recognizing that a large number of taxpayers have not been able to obtain all the......
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New Quarterly Return of Taxes Withheld on Service Payments
The Puerto Rico Treasury Department (“PRTD”) issued Internal Revenue Circular Letter Number 19-1...
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FPV & Galíndez Partners with Fondos Unidos
Another important partnership we have is with “Fondos Unidos de Puerto Rico”. For more than......
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Opportunity Zone Legislation in Puerto Rico
The 2017 Tax Cuts and Jobs Act (the “TCJA”) incorporated in the United States Internal......
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Welcome to Nexia | A Message by Julio Galíndez
A Special Announcement to all our Esteemed Clients: We are extremely excited to announce that......
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Never Giving Up: FPV & Galíndez Hurricane Maria Aids
On September the 21st, 2017, life for all Puerto Ricans was forever changed as Hurricane......
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A “Casa” Where Commitment Is Essential
Social commitment is very important to FPV & Galíndez, a core value we hold dearly.......
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FPVG Adds to the Rhythm and Beauty of “Mosaico Caribeño”
Music is one of the most fabulous expressions of the human being because it manages......
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Certified Excellence: FPV & Galíndez Expands on IT Offering, Now CISSP Certified
At FPV & Galindez, LLC we are beyond thrilled to announce the newest addition to......
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Educate, Mentor, Inspire Young Minds
Education is a significant part in a person’s life. Every day, a student is grappled......
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FPV & Galíndez is a Proud Supporter of MDA in Puerto Rico
At FPV & Galindez, LLC we are proud to support the community, foster corporate accountability......
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Oscar Birriel Rivera: An International Journey
FPV & Galíndez, LLC is a proud supporter of our community, and on this occasion......
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Withholding Tax at Source Deposits
On December 10, 2018, the PRTD issued Administrative Determination Number 18-14, to simplify the rul...
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Withholding Tax at Source Changes in Transition to SURI
The PRTD issued Internal Revenue Circular Letter Number 18-17 on December 7, 2018 to inform......
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No Applicability of Penalties, Fines, Interests or Surcharges for Transactions Related to the Additional Taxes Integrated to SURI
On January 29, 2019 the PRTD issued the Internal Revenue Informative Bulletin Number 19-02 to......
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Changes in the Withholding Tax at Source for Services Rendered
The PRTD issued Internal Revenue Informative Bulletin Number 18-24 to clarify certain tax amendments...
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Waiver Certificate from Withholding Tax at Source for Services Rendered
On December 4, 2018, the PRTD, issued Internal Revenue Circular Letter Number 18-15, to establish......
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Time Extension for Employee Retention Benefit for Hurricanes Irma and Maria
The PRTD issued Internal Revenue Circular Letter 18-20 (“IRCL 18-20”) on December 28, 2018, to.....
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Automated Clearing House (ACH) Credit File Specifications for SURI Payments
The PRTD issued Publication 06-06 on January 29, 2019, to notify taxpayers about the new......
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Moratorium of Payment Plans for Employees of US Federal Government Affected by the Shutdown
The PRTD issued the Internal Revenue Circular Letter Number 19-01 on January 23, 2019, to......
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2018 Non-Withholding Agents Annual Report Due Date Postponement
Pursuant to Section 4041.03 of the PR Code, every merchant who is not a withholding......
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2019 Applicable Limits for Qualified Retirement Plans under §1081.01(a) of the Code
On December 31, 2018, the PRTD issued Internal Revenue Circular Letter 18-21, to notify the......
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Employee Retention Credit for Employers Affected by Hurricanes Irma and María
* Certain requirements and conditions apply. Please see below for more information. ** Portal was s...
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Treasury Provides Guidelines for Extension and Waiver of Penalties
The Treasury Department (the “Department”) issued Administrative Determination No. 18-07 (the �...
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Treasury Issues Guidelines to Report Losses for Tax Purposes
Treasury issued Administrative Determination 18-05 (“Determination”), which provides how individ...
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Extension to File Informative Returns Approved
On March 1, 2018, the Treasury issued Informative Bulletin 18-08 (“the Bulletin”) with the purpo...
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Closing of Taxable Years by Closing Agreements with the PR Treasury Dept
On February 12, 2018, the Supreme Court of Puerto Rico published their most recent tax......
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Procedure to Claim Mortgage Interest Deduction for Taxpayer Who is Not a Debtor or Co-Debtor
The Treasury issued on January 30, 2018, the Internal Revenue Circular Letter No. 18-01 to......
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2017 Income Tax Returns are Released
On January 30, 2018, the Puerto Rico Treasury Department (“Treasury”) issued Internal Revenue In...
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08 Jul

Oscar Birriel Makes History!

The FPV & Galíndez team is extremely proud to share the news that Oscar Birriel...

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06 Jun

(NEW) SMB Assistance Program in Puerto Rico: What You Need to Know

Your trusted team of advisors at FPV & Galíndez wants to keep you informed about...

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06 Jun

FPVG Navigates Audits With You

Thanks to the incredible amount of clients we’ve had the honor of assisting, our team...

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