Services

Tax Compliance for Business

Elite CPA Puerto Rico provides businesses with an efficient way of handling their tax compliance workload in order to meet deadlines.  We can help you navigate through the diverse and multifaceted tax laws to achieve an accurate income tax return while taking advantage of the deductions and credits that you are entitled to.

Informative returns:

  • Monthly Income Tax Withheld for professional services
  • Quarterly for professional Services
  • Annual Forms Informative returns -(Forms 480's)

Tax Compliance:

Annual:

  • PR Corporation Income Tax Return
  • Federal Taxes
  • Income Tax Return for exempt businesses under the PR Incentive Program
  • Informative Income Tax Return Pass- Through Entity
  • PR Annual Report or Annual Fee in Department of State
  • Volume of Business Declaration (VOB)
  • Personal Property Tax Return (CRIM)

Sales & Use Tax Returns:

Monthly:

  • State Sales & Use Tax Returns
  • Municipal Sales & Use Tax Returns
  • Import Declarations

Bookkeeping

  • Recording of accounting transactions
  • Review of Accounting
  • Bank Reconciliations
  • Monthly and Year-end Journal Entries
  • Maintenance of subsidiaries: Fixed asset ledger, Accounts Payable and Accounts Receivable Aging

Reporting Package:

  • Balance Sheet
  • Income Statement
  • General Ledger Detail
  • Cash Flow Statement
  • Customized Reports

Payroll Services

Paystub:

  • Prepare payroll and related payroll accruals
  • Payment of Social Security and Medicare Deposit (EFTPS website)
  • Payment of Income Tax Withheld deposit (“SURI” website) from payroll and contracted services
  • State Unemployment and Disability Insurance Tax Return (PRSD-10 & PRU-10)

Tax consulting Act 60/ Tax Savings Strategies

We work in collaboration with other CPA firms.
www.geo.tax


Attestation Services:

  • Agreed Upon Procedure (AUP)
  • Statement of Financial Conditions
  • Compiled Financial Statement