Frequently Ask Questions
General Services & Scope
What services does Accountax Partners provide?
We provide tax compliance, accounting, financial reporting, and advisory services for individuals and businesses.
Who are your typical clients?
Our clients include individuals, Act 60 residents, business owners, and entities operating in Puerto Rico and the United States.
Do you provide ongoing services or one-time engagements?
We primarily provide ongoing compliance and accounting support, but services can be structured based on client needs.
Do you work with clients outside Puerto Rico?
Yes. We work with clients located in Puerto Rico and the United States.
Do you support both individuals and businesses?
Yes. We provide services for both individual taxpayers and business entities.
Puerto Rico and U.S. Tax Compliance
Do you handle Puerto Rico and U.S. tax filings?
Yes. We support compliance with both Puerto Rico and U.S. tax filing requirements.
Do Puerto Rico residents still need to file U.S. taxes?
Filing requirements depend on individual circumstances. We assist clients in determining and meeting their obligations.
Do you coordinate filings between Puerto Rico and the U.S.?
Yes. We ensure filings are properly coordinated between both jurisdictions.
Do you help with estimated tax payments?
Yes. We assist clients in calculating and coordinating estimated tax payments.
Do you assist with compliance reviews?
Yes. We review financial information to help ensure accurate reporting.
Act 60 and Puerto Rico Residency
Do you provide services for Act 60 individuals?
Yes. We provide tax compliance and advisory support for Act 60 residents.
Do Act 60 residents still need to file annual tax returns?
Yes. Act 60 individuals must maintain proper tax compliance.
Do you assist with Act 60 ongoing compliance?
Yes. We assist clients in maintaining compliance requirements.
Can you help new residents relocating to Puerto Rico?
Yes. We assist individuals relocating to Puerto Rico with their compliance needs.
Do you help maintain residency compliance requirements?
Yes. We help ensure compliance with applicable tax reporting obligations.
Accounting and Bookkeeping
Do you provide bookkeeping services?
Yes. We provide bookkeeping and financial record maintenance services.
Do you prepare financial statements?
Yes. We prepare financial reports based on client records.
Do you work with QuickBooks Online?
Yes. We support clients using QuickBooks Online.
Can you help organize my accounting records?
Yes. We assist clients in maintaining organized financial records.
Do you provide ongoing accounting support?
Yes. We provide ongoing accounting and reporting support.
Business Entities and Structuring
Do you work with LLCs and corporations?
Yes. We provide services for LLCs, corporations, and other entity structures.
Do you assist with entity structuring?
Yes. We assist clients in establishing and maintaining appropriate entity structures.
Do business entities have ongoing compliance requirements?
Yes. Entities must meet ongoing tax and reporting obligations.
Do you support pass-through entities?
Yes. We support pass-through entity compliance.
Can you assist new businesses?
Yes. We assist businesses with compliance and accounting support.
Payroll, Sales Tax, and Registrations
Do you assist with payroll compliance?
Yes. We assist with payroll-related compliance requirements.
Do businesses in Puerto Rico have sales tax requirements?
Yes. Businesses may be required to comply with applicable tax requirements.
Do you assist with tax registrations?
Yes. We assist clients with required tax registrations.
Do you support employer compliance?
Yes. We assist businesses in maintaining compliance.
U.S. Federal and Multi-State Compliance
Do you assist with federal tax compliance?
Yes. We assist clients in meeting federal tax reporting requirements.
Do you support multi-state compliance?
Yes. We assist clients with compliance needs across jurisdictions.
Do you assist clients relocating between jurisdictions?
Yes. We assist clients with compliance coordination.
Do you help determine filing requirements?
Yes. We assist clients in understanding their obligations.
Engagement Process and Expectations
How do I get started?
You can schedule a consultation to evaluate your compliance needs.
How are services structured?
Services are structured based on compliance and reporting requirements.
Do you offer ongoing support?
Yes. We provide ongoing compliance and accounting support.
How do you communicate with clients?
We communicate through secure and professional channels.
Can services be adjusted as needs change?
Yes. Services can be adjusted based on client needs.