Puerto Rico is rich in culture and history and filled with natural beauty. It is also home to the biggest tax break you've never heard of, Act 60." What Is Puerto Rico Act 60? Act 60, in the simplest terms, is game-changing legislation that will have you saying “ adiós” to federal and state income taxes. On July 1, 2019, the Government of Puerto Rico consolidated all of its tax incentive laws...
Although data suggests that inflation is softening, increases in housing costs, which account for a large share of inflation, remain significantly high, mainly due to low inventory relative to demand. As a result of high inflation, the Federal Reserve will continue to jack up interest rates at a fast pace. Although the Fed forgo a hike at its meeting of policymakers last month we expect rate hikes to...
If you are waiting for interest rates to go back into the 3.x% from 2 years ago, you may be waiting for a very long time. Although some forecasters predict that rates will decline over the next 12 months, they do not see rates going below 5% any time soon. Even if the Fed gets inflation under control. This is our new reality, our new normal and something we will have to come to accept. This will...
Four Federal Financial Regulatory Agencies finalized a policy on how to handle commercial loan accommodations and workouts for financially troubled firms. Checkout this...