Now is an excellent time to register a new business in Puerto Rico. The territory is doing everything possible to encourage investment and small business support, and setting up shop is easier than ever. That said, new business owners should do everything they can to organize payroll and tax obligations before needing to report. Here’s what you should know.
What You Need to Know About SC 4809
Form SC 4809 is required for everyone trying to register a new business in Puerto Rico. The form is very straightforward. Business owners will need to provide personal information, the type of organization you plan to start, past income tax filing dates, and the type of withholding you plan to utilize. It takes just a few minutes and is likely the easiest part of the business-starting process. You can find a copy of the form here.
Now is the Best Time to Invest in Software
When you register a new business in Puerto Rico, you want to start off on the right foot. That means instituting a record-keeping and accounting process as early as possible, even before breaking even on your initial investment. When you start a business with an organizational plan in place, everything – payroll, annual reporting, and data storage – is easier.
If you’re about to register a new business in Puerto Rico, the first tool you should invest in is payroll software. Not just any payroll program, though. You’ll need a tool that encompasses several aspects of your accounting. This is exactly what AMS Payroll can do for you, and the low price point makes this an excellent option for businesses just starting out.
All About AMS Payroll
Our Payroll Software does everything you need to organize your small business accounting from the outset. In addition to calculating local, state, and federal taxes, the software will print or distribute accurate paychecks to employees. The back-end data hosting feature ensures employer, employee, and payroll information is stored securely for end-of-year filing, and the flexible import/export options allow for unmatched flexibility. See below for a list of our favorite features.
- Imports data from QuickBooks, PeachTree, Excel and Tab Delimited Text Files
- State and Federal tax tables are included and updated as needed
- Prints more than 30 types of checks, individual or by date range
- Facilitates direct deposit processing
- Processes both “live” and after-the-fact payroll
- Network and multiple PC installation included
- Up to 40 user-defined fields for business-specific deductions and additions
When you’re ready to purchase, you can do so from anywhere and at any time. If you’re still on the fence, consider trying our free demo software to take the software for a spin.
More from AMS
If you love AMS Payroll, consider investing in any of our additional software tools. We have a catalogue of products designed to streamline small business accounting and reporting. See below for the complete list.
- W-2/1099 Forms Filer
- Payroll Software
- Software-Generated Forms
- Forms Filer Plus
- E-File Direct
- Affordable Care Act Filer
- 1042-S Filer
If you have any lingering questions, call our Sales and Information team at 800-536-1099. We know how difficult it can be to register a new business in Puerto Rico. We want to make it as easy as possible.