JN CPA & Advisors teams up with SFAI International

We are delighted to inform that Advanced CPA, LLC d/b/a JN CPA & Advisors has been named as SFAI International’s member firm for Puerto Rico. SFAI is an international organization with presence in over 50 countries.  The members are leading firms in the fields of Audit, Advisory, Consulting, Financial Advisory, Risk Advisory, and Taxes.  SFAI is also member of the International Federation of Accountant’s (IFAC) Forum of Firms. As part…  Read more

Tax Season Tips for Small Business Owners

Preparing for tax season is really a year-round endeavor. Tip number one for Small Business Owners (SMB) owners is to update financials on a monthly basis, using a streamlined software or cloud-based system. This way, come tax time, everything you need is all in one place. And well organized SMBs are better positioned to minimize their tax bill while avoiding penalties associated with missing or inaccurate information. Here are four…  Read more

Special Withholding Rules for U.S. Federal Agencies with employees in Puerto Rico

Federal Employees, Taxes, and Puerto Rico Some Federal Agency employees, specially those that worked during the Hurricane Maria emergency, had local income taxes retained as part of their work in the island.  Must importantly they must file a tax return with the Commonwealth of Puerto Rico.  Do you need a CPA in Puerto Rico to take care of this matter? https://www.irs.gov/individuals/international-taxpayers/special-withholding-rules-for-us-federal-agency-employers-with-employees-in-cnmi-or-puerto-rico Contact us..  Read more

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