Category: Blog

8 Important Steps for Sierra Madre Non-Profits Before Year-End

With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations. This year might be worse. Yes, I hate to be the one to say these things, but I’m also privy to the books and financials for a […]

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The Seven Primary Tasks For Any Sierra Madre Business Team

A week past the election, and still plenty of disagreement about the results. That means this is another week where you have the opportunity for the other chumps out there to get massively distracted by the political war games … while you go about quietly building your Sierra Madre business, your team, and your financial […]

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Keeping Your Sierra Madre Business Focused During Distracting Times

Apparently there’s some news happening around us in Sierra Madre these days. I often use this space to share Los Angeles County-specific, detailed information about PPP forgiveness, tax code updates, leadership and marketing strategy, expense reduction, and more — all essential topics for business owners and their teams here in Sierra Madre, and beyond. I […]

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Why a Pre-Mortem Analysis for Any New Sierra Madre Business is a Necessity

Right about now, there are writers and analysts already preparing the articles about why the Trump campaign failed. AND right about now, they might be doing the exact same thing in regards to the Biden campaign. Obviously, as of this writing, we have no idea what’s ACTUALLY going to happen. But my point is that […]

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Rodney Ross’s Perspective On Proposed New Tax Policies

Oh, you thought I would tell you who I thought would win the presidential election? Nope, I’m not going there. I’m a tax professional though, and I’m not immune to conversations about proper planning for either eventuality. In my opinion, however, the BEST advice about what to do for your Sierra Madre business is “wait […]

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Big PPP Loan Forgiveness News For Sierra Madre Businesses

You might have seen some rumors on this already, but I wanted to help make everything clear for you… A few weeks back I told you that there were some tax professional rumors circulating about “automatic PPP loan forgiveness” for loans under $150K. Remember that? Well, they did it! Except it is for even smaller […]

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How To Approach Bigger Business Players In Sierra Madre or Your Niche

Local Sierra Madre business owner to local Sierra Madre business owner(though you might actually be out of the area — but this still applies), I want to remind you of something that you probably already know: With the election just one month away, the world is SWIMMING in conflict and negativity. And you need to […]

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5 Business Mistakes That Can Be Fatal by Rodney Ross

All the political people are arguing over taxes, and my inner geek smiles. (By the way, if YOU want to argue about the tax issues, here’s a good explainer article to start with before you make big declarations about the tax issues involved.) Because I’m not really interested in arguing over these things, to be […]

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Identifying Your Target Prospect by Rodney Ross

With the business deadline (9/15) behind us, we’re in tax planning season. Though the IRS (and Congress) haven’t yet definitively made a statement about it (that we know of), here at Ross & Associates Accountancy Corp we are operating according to the fact that the filing deadline is going to be April 15th, 2021 for […]

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Struggling Sierra Madre Businesses Be Careful With Price Reductions

Here we are, with Q3 of 2020 in the rearview mirror, THANK GOODNESS. Only one more quarter left in this 2020 donkey — but it’s going to be an eventful one. I get asked a bunch by Sierra Madre clients and friends what I think the markets will do, and the only thing I can […]

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