LIBRIEL CPA GROUP
At Libriel CPA Group, we are dedicated to providing exceptional financial services tailored to meet the unique needs of our clients.
About Libriel CPA Group
Leading accounting firm
With our expertise in tax, audit, corporate, and accounting services, we strive to deliver accurate and reliable solutions to help you achieve your financial goals.
Libriel CPA Group is a leading accounting firm based in San Juan, Puerto Rico, serving individuals and businesses alike. With years of experience and a team of skilled professionals, we offer comprehensive financial services designed to streamline processes, minimize tax liabilities, and maximize profitability.
We are committed to excellence in everything we do. Whether you're a small business owner, a corporation, or an individual seeking financial guidance, you can trust us to provide personalized solutions and attentive service every step of the way.
Why Choose Us
Why Choose Libriel CPA Group?
Expertise
Our team consists of experienced CPAs and financial experts with a deep understanding of Puerto Rico’s tax laws and regulations.
Tailored Solutions
We take the time to understand your unique needs and goals, crafting customized strategies to help you succeed.
Client-Centric Approach
Your satisfaction is our top priority. We go above and beyond to exceed your expectations and deliver exceptional results.
FAQs
Frequently Asked Questions
Get the right answer for tax and accounting services in Puerto Rico
Puerto Rico offers a range of tax incentives to attract businesses, including Act 20 for export services, Act 22 for individual investors, and Act 60 for businesses engaged in eligible activities. These incentives provide significant tax savings and exemptions, making Puerto Rico an attractive destination for businesses and investors.
Your tax residency status in Puerto Rico depends on various factors, including the number of days spent on the island, your primary place of business, and your ties to Puerto Rico. Consulting with a qualified tax advisor can help you determine your residency status and understand the tax implications associated with it.
Businesses operating in Puerto Rico are required to comply with various tax obligations, including filing annual income tax returns, paying estimated taxes, and adhering to local tax laws and regulations. Working with a knowledgeable tax advisor can ensure that your business remains compliant and avoids potential penalties.
Optimizing your tax strategy in Puerto Rico involves leveraging available tax incentives, maximizing deductions, and implementing tax-efficient structures tailored to your business goals. A skilled tax advisor can assess your unique circumstances, identify opportunities for tax savings, and develop a personalized strategy to minimize your tax liabilities.
Businesses in Puerto Rico typically follow Generally Accepted Accounting Principles (GAAP), which are established by the Financial Accounting Standards Board (PRFASB). Adhering to these standards ensures consistency and transparency in financial reporting, enabling businesses to effectively communicate their financial performance to stakeholders.