Tax Benefits For Charitable Giving Expanded In 2021

Recent legislation includes several provisions to help individuals and businesses who give to charity. The new law generally extends four temporary tax changes through the end of 2021. Here’s an overview of these changes. Deduction for individuals who don’t itemize Taxpayers who take the standard deduction usually can’t deduct their charitable contributions. The law now […]

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IRS Updates Business Travel Per-Diem Rates

The IRS recently issued its annual update of special per-diem rates for substantiating ordinary and necessary business expenses incurred while traveling away from home. The new rates are in effect from October 1, 2021, to September 30, 2022. Specifically, the per-diem rates issued include the transportation industry meal and incidental expenses rates; the rate for the incidental-expenses-only […]

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Sba Increases Eidl Limit To $2 Million

The U.S. Small Business Administration (SBA) announced major modifications to the COVID-19 Economic Injury Disaster Loans (EIDL) program, including raising the loan cap from $500,000 to $2 million and adding business debt payments to the list of ways businesses can use the loan proceeds. In a news release issued on September 9, 2021, the SBA […]

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Oller Abogados welcomes Luis Pal

2020 signaled a commitment in the evolution of Oller Abogados. Currently we are focused on being certified as an ISO9001 enterprise. If the pandemic taught us anything it is that we need to change and adapt. We are committed to grow and improve. We are focused on innovating and evolving our practice and how it […]

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Child Tax Credit Payments Have Begun

The first advance payment from the newly expanded child tax credit was recently sent out by the IRS. Payments are scheduled to be made on the 15th of each month through December.The idea of advance payments made for a refundable credit confuses a lot of people, so here’s what you need to know. Background For […]

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Do You Have A Household Employee? Are You Sure?

In an effort to capture income from household employees, the tax code requires you to obtain employee information, pay the related state and federal taxes, and withhold taxes for anyone you employ around the house. The requirement for this “nanny tax” comes into play if you pay any one individual $2,300 or more (in 2021). […]

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Registration Now Open For Restaurant Revitalization Fund

The U.S. Small Business Administration launched the registration portal for the $28.6 billion Restaurant Revitalization Fund (RRF) on April 23, and is now accepting applications for the program. Restaurants and other food providers hard-hit during the COVID-19 pandemic have been anxiously awaiting direct aid to help them recover after more than a year of government-imposed closures and […]

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2020 TAX DEADLINE DELAYED FOR INDIVIDUALS

April 6, 2021 On March 17, the IRS announced that the federal income tax filing deadline for individuals will be automatically extended from April 15, 2021 to May 17, 2021. However, if you will be receiving a refund, you are encouraged to file before that date so that you can receive your tax refund as […]

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Oller Abogados joins IR as the exclusive Administrative Law Member in Costa Rica

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Roberto Esquivel of Oller Abogados. Roberto has joined IR as our exclusive Administrative Law member in Costa Rica. Roberto is Partner and Director of the Public Law practice group at Oller Abogados. He has ample experience in procurement and public contracting, […]

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Roberto Esquivel

Partner and Director, Oller Abogados