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Gonzalez Varela, CPA Gonzalez Varela, CPA
Helping businesses thrive. We share innovation, business and economy trends. CPA services for Florida and Puerto Rico.

Recent information about the economic landscape of businesses in the USRecent U.S. business statistics paint a picture o...
02/11/2026

Recent information about the economic landscape of businesses in the US

Recent U.S. business statistics paint a picture of steady broader economic momentum paired with cautious operational management among individual firms, particularly on Main Street.

Macroeconomic Growth & Output
Gross Domestic Product (GDP): Real GDP increased at an annual rate of 3.4% in Q3 2026 (advance estimate), accelerating from 2.2% growth in Q2. Key expansion drivers include solid business capital investment, robust AI spending, and steady personal consumption expenditures.
- Bureau of Economic Analysis

Corporate & Capital Expenditure: AI technology capital spending remains a dominant growth driver across enterprise-level operations, offsetting broader global supply chain friction.
- J.P. Morgan

Small Business Landscape & Operations
Total Business Volume: There are roughly 36.2 million small businesses operating in the U.S.

Small businesses represent 99.9% of all U.S. firms and contribute 43.5% of national GDP.

SellersCommerce
They employ approximately 46.5% of the private-sector workforce (roughly 59 million workers).

82% of all small businesses operate as solo ventures with zero paid employees.
- SellersCommerce

Technology & AI Adoption: Technology integration is accelerating quickly: 60% of U.S. small businesses now leverage AI within their daily operations, and over 80% plan to expand technology platforms in the near term.
- Business Survival & Market Dynamics

Establishment Job Flows: Private sector gross job gains from expanding and opening businesses stood at 7.4 million, while gross job losses from contracting and closing establishments reached 7.3 million.
- Bureau of Labor Statistics

Cohort Survival Benchmarks:
Year 1: Approximately 80% of new employer establishments survive their first 12 months.

Year 5: Baseline survival holds steady near 45% across all industries.

Industry Variation: Healthcare and professional services see higher 5-year survival rates (~54%–55%), whereas food services (~35%) and retail (~41%) face much higher exit rates.
- VantaInsights

Top Operational Challenges & Sentiment
Primary Headwinds: According to recent small business sentiment tracking (such as the NFIB and U.S. Chamber of Commerce indices), the double pressures of labor availability/quality and persistent inflation remain the top operational hurdles for small business owners.
- Trading Economics

Business Sentiment: The NFIB Business Optimism Index registered around 97.9 to 98.7, reflecting a cautious "wait-and-see" posture regarding expansion plans, labor costs, and price adjustments.
- Trading Economics

Un nuevo estudio revela que la población 50+, compuesto por aproximadamente 1.3 millones de personas, representa el 44% ...
29/10/2026

Un nuevo estudio revela que la población 50+, compuesto por aproximadamente 1.3 millones de personas, representa el 44% de la población y genera unos $60,000 millones en actividad económica, equivalentes a cerca del 47% del Producto Interno Bruto de la Isla.

Un nuevo estudio revela que la población 50+, compuesto por aproximadamente 1.3 millones de personas, representa el 44% de la población y genera unos $60,000 millones en actividad económica, equivalentes a cerca del 47% del Producto Interno Bruto de la Isla. Los hallazgos forman parte del estudio...

29/10/2026

The platform will connect merchants and suppliers in Puerto Rico and the Dominican Republic, with a beta launch scheduled for January 2027.

29/10/2026

The total compensation needed to attract and retain top talent, however, can vary widely based on location. Full story: bit.ly/47GKAZX

Happy Monday, everyone! 👋 As we kick off a brand-new week, it’s a great moment to step back, refocus, and check-in on wh...
26/10/2026

Happy Monday, everyone! 👋

As we kick off a brand-new week, it’s a great moment to step back, refocus, and check-in on where your business stands financially. Whether you are running a growing local enterprise here in Puerto Rico or managing operations across the United States, staying up to date right now is key to avoiding end-of-year stress.

For businesses of any size, keeping your books audit-ready and staying current means:

Reconciling accounts monthly: Don’t wait until tax season to discover discrepancies. Clean, up-to-date bookkeeping saves you time and money.

Reviewing estimated tax payments: Take a mid-fiscal-year look at your cash flow and net income to ensure your quarterly filings are accurate.

Leveraging digital compliance tools: Utilizing integrated portals correctly helps prevent costly filing penalties and keeps your operations seamless.

What’s making news in Puerto Rico right now?

If you operate locally, make sure your team is aligned with the Department of Treasury’s ongoing integration of Municipal SUT into SURI. Centralizing filings for participating municipalities through the Unified Internal Revenue System has streamlined how merchants handle state and municipal sales and use tax, but ensuring your schedules (like Schedules 7, 8, and 9) are accurately mapped is essential to avoid discrepancies.

Furthermore, with Act 60 updates and shifting federal and local tax landscapes continuing to make headlines, proactive planning is more important than ever.

Let's make this week productive!

If your business needs guidance staying compliant across both PR and US jurisdictions, my team at Carlos Gonzalez Varela CPA is here to help you navigate every requirement with confidence.

787-744-0750
Cegvcpa.com
[email protected]

☕ "Can I deduct my daily coffee if I work from a coffee shop?"We get this question all the time! Here’s the short answer...
21/10/2026

☕ "Can I deduct my daily coffee if I work from a coffee shop?"

We get this question all the time! Here’s the short answer:

❌ The Coffee Itself: Generally, no. Buying a cup of coffee just because you're working away from your main office is considered a personal living expense by the IRS.

✅ When It IS Deductible: If you are buying coffee while meeting with a client, vendor, or professional advisor to discuss business, it qualifies as a Business Meal (typically 50% deductible).

Key Takeaway: For an expense to be deductible, it must be both ordinary and necessary for running your business.

Save this post for your next coffee shop work session! 📌

Carlos Gonzalez Varela CPA
787-744-0750
Puerto Rico & USA

20/10/2026

La transparencia es clave para el desarrollo de nuestros municipios. Por eso, hemos reforzado nuestros procesos para auditar las planillas de propiedad mueble de años anteriores y garantizar que los datos reportados coincidan con la realidad operacional de cada negocio.

Si siempre radicas con la información correcta, no tienes de qué preocuparte. Si necesitas verificar tu estatus o aclarar dudas sobre radicaciones pasadas, comunícate con nosotros.

📞 787-625-2746
💻 www.crimpr.net

📋 5 Expense Categories Small Businesses Frequently MissWhen tax season rolls around, every valid deduction counts! Make ...
15/10/2026

📋 5 Expense Categories Small Businesses Frequently Miss

When tax season rolls around, every valid deduction counts! Make sure you aren't leaving money on the table by tracking these 5 commonly overlooked areas:

1️⃣ Software & Subscriptions: From Zoom and Canva to industry-specific tools, these monthly fees add up quickly.
2️⃣ Vehicle Mileage: Driving to meet a client or pick up supplies? Track those miles!
3️⃣ Home Office Expenses: If you have a space dedicated exclusively to your business, you may qualify for home office deductions (utilities, internet, etc.).
4️⃣ Professional Development: Courses, books, industry conferences, and professional dues related to your trade.
5️⃣ Bank & Payment Processing Fees: Stripe fees, PayPal fees, and monthly bank maintenance charges are all tax-deductible expenses.

📂 Pro Tip: Keep digital copies of your receipts throughout the year using an app like QuickBooks or Dext so you aren't scrambling in April.

Need help cleaning up your books before year-end? Send us a direct message! ✉️

Carlos Gonzalez Varela, CPA
[email protected]
(787)744-0750

🚨 Tax Myth Buster: "Writing off an expense means it's free!" 🚨We hear this all the time, but let’s clear up a common mis...
12/10/2026

🚨 Tax Myth Buster: "Writing off an expense means it's free!" 🚨

We hear this all the time, but let’s clear up a common misconception:

When you write off a business expense, you aren't getting a 100% refund on what you spent. Instead, you are subtracting that expense from your total taxable income.

💡 Quick Example:
If your business earns $100,000 and you spend $1,000 on a necessary piece of equipment, your taxable income drops to $99,000. Assuming a 25% tax rate, that $1,000 expense saves you $250 in taxes—it doesn't make the item completely free.

Takeaway: Never buy unnecessary items just "for the tax write-off." Only spend on things that actually help grow or operate your business!

Have questions about what qualifies as a legitimate business expense? Drop a comment below! 👇

Carlos Gonzalez Varela, CPA
(787)744-0750
[email protected]

09/10/2026

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PO Box 266
Caguas
00726-0266

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