Tax and Employee Benefits Law
Tax advisory and defense experts: We deliver innovative guidance by helping our clients navigate complex tax laws, planning for future tax implications and providing effective representation in tax disputes.
ADSUAR’s tax and employee benefits team provides cutting-edge advice to individuals and entities of diverse industries in a full range of tax issues. Our members have been involved in complex tax matters under the full spectrum of Puerto Rico and United States federal tax laws. Most of them are Certified Public Accountants while others have advanced law degrees in tax law.
A significant part of our areas of expertise include:
- Tax planning associated with the organization, operation, restructuring and disposition of business entities, as well as establishing or relocating businesses in Puerto Rico.
- Specialized advice on income tax, municipal license tax, personal and real property taxes, sales and use tax, excise tax, payroll taxes, among others.
- Obtain and negotiate grants of tax exemption, tax credits and financial incentives under the various Puerto Rico tax incentives laws, including Act No. 60 of July 1, 2019, as amended.
- Guidance on tax reporting matters under Puerto Rico and United States federal tax laws.
- Structuring complex business transactions, including corporate acquisitions, reorganizations and liquidations.
- Obtain and negotiate private letter rulings, closing agreements and other guidance from the Puerto Rico Treasury Department and the United States Internal Revenue Service.
- Assistance to tax-exempt and nonprofit organizations, including formation and structuring, and obtaining exemption determination letters from the Puerto Rico Treasury Department and the United States Internal Revenue Service.
Tax Controversy
We also energetically represent clients facing any kind of tax controversy with Puerto Rico and/or United States federal taxing authorities to resolve their disputes as early in the administrative process as possible. When a satisfactory administrative resolution is not available, our team joins ADSUAR’s litigators with ample experience in representing clients at every litigation forum.
Employee Benefits
Some of our members have vast experience with ERISA, and in the design, implementation, correction, and qualification of retirement plans in Puerto Rico, the offering of stock options, and other executive compensation plans. Thus, by way of our dedicated practice group, ADSUAR offers a range of legal services related to employee benefits, including advising employers on compliance with Puerto Rico and United States federal regulations, drafting and reviewing benefit plans, and representing clients in legal disputes.
Puerto Rico’s unique legal and regulatory framework allows us to serve our diverse clientele who range from businesses in the retail, service and/or manufacturing industries by navigating the Puerto Rico specific intricacies when offering and maintaining retirement and/or welfare plans.
Given the evolving nature of these laws, our firm provides updates to clients regarding changes in regulations and conduct compliance reviews to ensure our clients are up to date with legal requirements. ADSUAR also offers training sessions, seminars, and/or workshops to educate employers and human resource professionals on the latest legal developments and best practices in the field.
