Workmen’s Compensation Insurance provides compensation for accidents incidental to or as a consequence of employment. This is a compulsory insurance that is obtained from the
Disability Insurance tax is imposed on the first $9,000 of wages and salaries paid during the calendar year. This provides compensation to workers for loss
Disability Insurance tax is imposed on the first $9,000 of wages and salaries paid during the calendar year. This provides compensation to workers for loss
Each employer must pay the Puerto Rico Unemployment tax on the first $7,000 of annual wages paid and may be credited against the Federal Unemployment
An employer is required to withhold income tax at source on salaries and wages paid to its employees performing services in Puerto Rico. The withholding
The Federal Unemployment Tax Act provisions also apply in Puerto Rico. The tax is imposed on persons who employ one or more individuals for a
United States provisions of the FICA or Social Security and Medicare requirements are applicable to Puerto Rico employers and employees as well. The employee tax
An employer is a person or organization for whom a worker performs services as an employee. Employers are required to withhold, report, and pay employment
Torres CPA Group is ready to provide valuable assistance in a timely, professional manner. Clients rely on us for a wide variety of financial services carried out by experts who are specialists in their fields. Our industry knowledge and dedication to customer service have allowed to us to grow along with our clients.
