Tax and accounting services
Services for individuals, self-employed professionals, corporations and small businesses in Puerto Rico.
Precision advisory tailored to dual US & PR tax codes.
We handle end-to-end statutory filings, corporate reconciliations, and individual tax mandates with strict audit trails and electronic filing accuracy.
Individuals & Independent Professionals
Puerto Rico Income Tax Returns
Full preparation and SURI electronic filing for individual residents, standard salary income (W-2PR), local withholdings, and statutory tax credits including Earned Income and Child Tax benefits applicable to island taxpayers.
- check_circleIndividual returns (Form 482.0) filing via SURI
- check_circleEmployment withholding checks and deduction itemization
- check_circleWork and local incentive credit calculations
Federal Form 1040 & Applicable State Returns
Comprehensive federal tax compliance for US citizens residing in Puerto Rico with federal source income, US mainland state obligations, military personnel, or dual-jurisdiction source reporting under US Internal Revenue Code.
- check_circleFederal Individual Income Tax Return (IRS Form 1040 / 1040-NR)
- check_circleMulti-state non-resident & partial-year state tax filings
- check_circleForeign earned income and cross-border tax credit tracking
Self-Employment Tax Preparation
Strategic tax return computation for freelancers, consultants, and independent contractors in Puerto Rico. Full handling of FICA and Medicare contributions to preserve future Social Security retirement qualifications.
- check_circleForm 1040-SS (Self-Employment Tax for Puerto Rico Residents)
- check_circleFICA / Medicare mandatory contribution reporting
- check_circleAllowable deductible expenses and record organization
Tax Return Amendments & Extensions
Timely extension requests to safeguard penalty-free submissions, paired with meticulous historical amendments to correct omissions, claim overlooked deductions, or resolve discrepancy letters from tax authorities.
- check_circleAutomatic and formal extensions for Hacienda PR and IRS
- check_circleAmended returns (PR Form 482 Enmendada & Federal 1040-X)
- check_circlePenalty relief request filings and computational reviews
Navigating the intersection of Puerto Rico and US Mainland obligations.
Puerto Rico and federal filing requirements depend on your situation.
We review the Hacienda, SURI and IRS requirements that apply to your case.
Businesses & Corporate Compliance
Accounting & Bank Reconciliations
Disciplined monthly bookkeeping, general ledger maintenance, and complete bank reconciliations to ensure financial transparency and year-end audit readiness for growing enterprises in Puerto Rico.
- check_circleSystematic bank and credit card statement reconciliations
- check_circleChart of accounts management and expense categorization
- check_circleFinancial summaries for executive decision making
Sales and Use Tax (IVU) Filing
Rigorous administration of Puerto Rico state and municipal sales tax duties. We handle monthly returns via the SURI portal alongside applicable municipal tax declarations based on your business operations.
- check_circleMonthly SURI State IVU Return (Planilla Mensual de IVU)
- check_circleMunicipal IVU filings according to operational jurisdiction
- check_circleReseller certificate renewals and exempt purchase tracking
Information Returns (Forms 480 & 1099)
Mandatory annual informational declarations reporting payments rendered to independent contractors, sub-contractors, professional vendors, and landlords to safeguard your company’s income deductions.
- check_circlePR Forms 480.6A, 480.6B, 480.6SP (Servicios Profesionales)
- check_circleFederal Forms 1099-NEC & 1099-MISC electronic submission
- check_circleAnnual summary reconciliation and recipient distribution copy generation
Merchant Registration & Business Filings
End-to-end statutory merchant certificate onboarding via SURI, commercial registry modifications, NAICS industry classification alignment, and key annual municipal documentation.
- check_circleMerchant Registration Certificate (Registro de Comerciante) issuance
- check_circleLocation additions, business activity changes, and SURI updates
- check_circleMunicipal license (Patente Municipal) volume declarations
Clear, upfront process
HM TAX LLC will confirm which documents are needed and how to provide them.
Office and home visits by appointment and subject to availability.
Quote before starting and client review before filing.
Scope Confirmation & Quote
We review your tax situation, required forms, and filing deadlines to confirm scope and provide an upfront quote before any preparation begins.
Document Review & Preparation
HM TAX LLC confirms which documents are needed and how to provide them. Office visits are scheduled by appointment and subject to availability.
Client Review & Filing
You receive draft copies for client review and authorization before electronic filing with Hacienda (SURI) and the IRS.
Tax and accounting services
Services for individuals, self-employed professionals, corporations and small businesses in Puerto Rico.
HM TAX LLC will confirm which documents are needed and how to provide them.
Office and home visits by appointment and subject to availability.
Quote before starting and client review before filing.
Individuals
Comprehensive filing strategies structured for statutory compliance, maximum deductions, and accurate cross-border reporting.
Businesses
Institutional bookkeeping, municipal permits, and recurring state obligations to keep your corporate charter fully compliant.