Computus Accounting

A business expense needs more than a receipt to support a tax deduction.

Puerto Rico generally allows ordinary and necessary business expenses, subject to specific rules and limits. Keep the documentation, record the transaction correctly, and flag mixed personal/business expenses for review.

💬 Have a Puerto Rico business expense question? Ask it in our community:

https://www.reddit.com/r/computusaccounting/

Paid a business expense with your personal card? Record it while the details are still fresh.

Keep the receipt, note the business purpose, and record the transaction correctly for your business setup. If the business reimburses you, keep that entry separate so the expense isn’t recorded twice.

Want help keeping business expenses organized? See our bookkeeping services:

https://www.computusaccountingpr.com/services

Books that are months behind usually mean months of transactions that still need to be reconciled, categorized, and supported.

Catch-up work can include:
• Bank and credit card reconciliations
• Missing receipts and transaction details
• Category corrections
• Bringing each month current in order

Need to get your books caught up? Talk to us:

https://www.computusaccountingpr.com/contact

Puerto Rico employers can have payroll filings at both the local and federal level.

Your filing calendar may include Form 941, Form 940, Puerto Rico unemployment requirements, SINOT, and other items based on your payroll setup.

📅 The right list depends on the employer and employees involved.

Need help reviewing your payroll filing calendar? Request a consultation:

https://www.computusaccountingpr.com/contact

Hiring your first employee changes your accounting calendar before the first paycheck goes out.

You may need to set up payroll records, confirm Puerto Rico and federal employer filings, track payment dates, and keep payroll reconciled with the books.

Hiring soon? See how Computus can help with payroll:

https://www.computusaccountingpr.com/services

Estimated taxes are easier to manage when you review them before year-end.

📊 A useful check looks at:
• Income earned so far
• What you expect to earn for the rest of the year
• Payments you’ve already made
• Changes that may affect the estimate

Want to know what applies to your situation? Talk to us:

https://www.computusaccountingpr.com/contact

Self-employed in Puerto Rico? Your tax picture can include Puerto Rico income taxes and federal self-employment tax.

Keep these pieces together:
• Identify the Puerto Rico filings that apply to your income
• Check whether federal self-employment tax applies
• Keep business income and expenses current throughout the year

Want both sides reviewed together? See our tax services:

https://www.computusaccountingpr.com/services

Starting a business in Puerto Rico comes with registrations that are easy to miss when you’re focused on opening the doors.

Merchant registration is one of the early items to review through SURI. Your business activity, account information, and applicable Hacienda filings should match how you actually operate.

Starting your business and want help with the setup? Get in touch:

https://www.computusaccountingpr.com/contact

Your LLC is formed. Now the tax registrations and recurring compliance work begin.

A good next-step review can include:
• SURI and merchant registration items that apply
• Municipal and permit requirements
• Payroll setup, if you’ll have employees
• A calendar for recurring filings and renewals

Need help getting your new LLC set up? See your options:

https://www.computusaccountingpr.com/services

How your LLC is taxed in Puerto Rico starts with its tax classification. That classification affects what gets filed locally and federally.

Before making tax decisions:
• Confirm the classification currently on record
• Review whether an election or change applies to your situation
• Check how the setup affects your filing responsibilities

Have questions about your LLC’s tax setup? Talk to us:

https://www.computusaccountingpr.com/contact