The federal insurance Contribution Act (FICA), alongside FUTA (the Federal Unemployment Tax Act), made it compulsory for employers in Puerto Rico to pay taxes. As a result, employers...
Posted by Abundant Wealth Planning LLC on 04/30/2021
Some people hire household employees like maids, babysitters, gardeners, caretakers, janitors, cooks, butlers. These are household employees that perform domestic service around the...
Posted by The TaxAdvocate Group, LLC on 09/09/2020
The Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA) imposed taxes on employers in Puerto Rico. If you’re an employer, then you’ll...
Posted by Wright Tax and Accounting Solutions on 01/24/2019
Employees are the lifeblood of any business. They are the very fuel that keeps a business running and earning profits along the way. The strength of the employees is a sign of prosperity...
Posted by Falisha Griffin on 01/25/2016
