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Bankruptcy Can Be The Beginning of Your Financial Restoration!

If you are contemplating filing for bankruptcy to wipe out tax debt, interest and penalties, have a professional thoroughly review your situation prior to filing. In some cases, filing for bankruptcy will leave you with the clean slate necessary to start over. If you don’t qualify to eliminate tax debt through bankruptcy, however, you may find that when all is said and done, you still have a massive tax liability left to deal with.

As you may be aware, there are different types of bankruptcy that you can file for. Each one has a different purpose, outcome, and long-term effect. Determining which type of bankruptcy will be the best for your situation (if any) demands a close examination of your financial situation, assets, debts, and history from every angle. The opportunity of a second chance that bankruptcy offers could be just what you need, but you need to make sure that you have the best chance of success and nothing comes back to haunt you.

Contact us for pre-bankruptcy counseling to help you determine if bankruptcy is the best answer for you.

Before Filing for Bankruptcy, let us review your options with you.

Ready to come in for an appointment?

Our schedule is very full…but if you call us at (626) 357-9703 or email us we’ll give you two options for coming in right away! We will NOT make dealing with a tax professional as painful as it’s been in the past!

What Now? That the PPP Loan Program Has Ended

Given the ending of the SBA PPP loan program on May 31, 2021, many impacted businesses are left wondering what now? Yet, many don't understand what other resources are available to help during this holiday season. We've teamed up with our friends over at Money.com....
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My Sierra Madre Small Business Health Quiz (Part 1)

Last week, when I wrote my message to our Sierra Madre business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible.Has anything happened since then?Goodness, even just the "mere"...
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Provisions of the Second Coronavirus Relief Bill That Affect Sierra Madre Small Businesses

Wow, does it ever feel good to have turned the page on 2020. This first "working week" is when I finally began to feel the newness of it all.Yes, it's "just a date" on a Gregorian calendar, but ...2021 holds great promise for our Los Angeles County business clients....
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Ultra Last Minute Tax Moves for Sierra Madre Businesses

It's going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.And with year-end barrelling at us (2021 is on FRIDAY), it's unlikely that we will be able to make substantive action on your...
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Rodney Ross’ Annual Holiday Prayer

Well, Congress seems to have heard the cries of the huddled masses of SMB's around the country, and more PPP funding is (seemingly) on the way.Details aren't finalized yet as of this writing, so I will have more to say on these matters in future weeks.Even these early...
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Ross’ Guide To Getting Tasks Done

Maybe I'm writing this today because we're very much feeling the end-of-year crunch here at Team Ross & Associates Accountancy Corp.Really, we only have a few business days left before 2020 is in the rearview. Yes, my heart wants that to happen YESTERDAY, but my...
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Delayed Gratification: Staying Focused to Get Ahead (Later) in Sierra Madre

For sports fans, that was quite a run last week. The NHL crowned its champion (and the nation's capital seemed like it was one massive street party for the weekend), the rest of the NBA conceded to the Golden State Warriors, and we witnessed another Triple Crown in...
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Focus Training For Folks In Sierra Madre

Now that we're into June, it really does feel like summer is here. The air conditioning kicks in, the days are hotter ... and, if you're like me, "focus" becomes something I have to set myself towards. It doesn't just "happen" -- especially when the days are hot. It...
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Instilling Financial Literacy For Kids In Sierra Madre

Memorial Day weekend can often feel a little disjointed. There we are with our burgers, our pools, our picnics -- all while we are supposedly remembering the sacrifice of so many thousands who laid down their lives in the line of duty for this country, and for the...
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How To Manage Money For Sierra Madre Millennials

I'll tell you what... The month of May is beginning to look a lot like December. Definitely not because it's cold out there, but with so much "end of school year" stuff happening these days, from graduation parties (ranging from pre-k "graduations" all the way up...
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