Category: Blog

For The Sake of Your Sierra Madre Business, Don’t Navigate This Extended Tax Season Alone

…don’t navigate this season alone. The more we learn about the nuances of PPP forgiveness, EIDL regulations, the Employee Retention credit (an alternative, payroll-tax-specific way to save cash for your Sierra Madre business) … well, the more that we discover that much is still unclear. Any Sierra Madre tax professional who is honest will tell […]

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Big PPP Loans Forgiveness Update From The IRS For Sierra Madre Businesses

Are you tired of talking and thinking about the PPP? Because I’m tired of talking and thinking about the PPP. That said — this program has been a lifesaver for a variety of my Sierra Madre clients, and it has provided a great shot in the arm for others. And, well … we finally have […]

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Should Your Sierra Madre Business Consider Returning The PPP Loan?

There has been a lot of recent chatter about the PPP money, who got it, who didn’t, and even if some Sierra Madre companies should pay it back. Well, I have some thoughts on this for you today, but ultimately, you will have to be the one who makes this decision. It’s an easy decision […]

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A Big IRS Update For Sierra Madre Businesses On Using The PPP Loan Funds

Well, if you were wise, you probably saw this coming. Turns out … if you received a PPP loan, that the expenses you pay from the proceeds of this (forgivable) loan … are not deductible for Sierra Madre businesses. Ouch. The IRS just released new guidance to this end (which is being protested by CPA […]

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An SBA Funding Update And Four Scenarios Your Sierra Madre Business Could Be In

The second round of PPP funding began this Monday at 9:30AM Eastern. This funding was $322B (as opposed to the first at around $349B). The first round of $349B funded 1.6MM business. As for those who were waiting on that first round, the SBA hasn’t shared recent numbers, but the last time they did, there […]

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What Your Sierra Madre Business Should Do If They Received PPP Funding

I promise that one day I’ll write to you and my Sierra Madre area readers about matters other than government aid, the CARES Act, PPP/EIDL, and whatnot. But as we all keep saying: these are extraordinary times. Pick your cliche — it all fits right now. But here is a piece of semi-urgent news: It […]

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Five Ways To Get Small Business Help Right Now For Your Sierra Madre Business

I’d like to simplify things for you today. There is so. much. noise. right now about how to survive (even thrive) in the midst of this very difficult season. “Pivot” they say. And yes, if you are running a business, these times call for a bit of a shift. Only a very small amount of […]

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What Your Sierra Madre Business Must Do While Awaiting SBA Payroll Loans

Before I get into some of what we have learned over the weekend about the SBA payroll program, I want to speak to you — business owner to business owner. To survive in this hour, you will NEED two major qualities: Clarity and Patience. The SBA payroll program offers a lifeline of hope to many […]

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A Guide to Paycheck Protection Program Loans for Sierra Madre Businesses

This is a very important message, and I’d like you to read it carefully. Here at Team Ross & Associates Accountancy Corp, we have been walking closely with our Sierra Madre business owner clients (and many, many new business owners who have been reaching out) to cut through the noise and online misinformation about these […]

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What Does The CARES Act Mean For Your Sierra Madre Small Business?

These days are moving VERY quickly, and we are working VERY hard to get communication out to our Sierra Madre clients and friends. You probably already heard that the CARES Act (the mammoth 880+ page disaster relief bill) was signed over the weekend, and help IS indeed on the way. But there are so. many. […]

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