Rouss Tax & Accounting, Newark NJ

Roussel Folas

Rouss Tax & Accounting

Newark, NJ
Accountant
Accountant
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About Us

The products and services we offer

Tax Accounting Controller Services Financial Literacy Show all 4
Products & Services
Financial Literacy Education
Financial Literacy Education by Rouss Tax & Accounting
It's never too early or too late to improve your grasp on finance basics. Rouss Tax & Accounting offers financial literacy workshops to individuals...
Controller Services for Small Businesses
Controller Services for Small Businesses by Rouss Tax & Accounting
Get the benefit of a well-fun finance department without hiring a new team. Rouss Tax & Accounting offers controller services for small businesses ...
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Recent Activity
Could you introduce yourself and tell me more about your business?
Roussel from Rouss Tax & Accounting Answered this on October 27, 2020
Hey, I am Roussel Folas, Owner of the ROUSS TAX & ACCOUNTING. I help Small Business Owners increase cash flow, stay compliant with Sales & Payroll Taxes, and save on average $18,000 to $25 000 in income taxes by implementing Tailored Bookkeeping and Strategic Tax planning, so your team and you... (more) Hey, I am Roussel Folas, Owner of the ROUSS TAX & ACCOUNTING. I help Small Business Owners increase cash flow, stay compliant with Sales & Payroll Taxes, and save on average $18,000 to $25 000 in income taxes by implementing Tailored Bookkeeping and Strategic Tax planning, so your team and you can focus on bringing more clients and optimizing your operation and growing your business. For the last 10 months, I have been developing and implementing a new sales process with high converting Lead/Sales Funnels that has helped me to have consistently new clients every week.  So beside my Tax and Accounting Business, my team now also focusses on helping Business Owners increase sales by designing and developing dynamic and mobile responsive websites and High converting Lead/Sales Funnel at a small budget, so you can focus on  finding new big ideas for your business. The link to book a appointment with me or a member if my team is the following  Hey, I am Roussel Folas, Owner of the ROUSS TAX & ACCOUNTING. I help Small Business Owners increase cash flow, stay compliant with Sales & Payroll Taxes, and save on average $18,000 to $25 000 in income taxes by implementing Tailored Bookkeeping and Strategic Tax planning, so your team and you can focus on bringing more clients and optimizing your operation and growing your business. For the last 10 months, I have been developing and implementing a new sales process with high converting Lead/Sales Funnels that has helped me to have consistently new clients every week.  So beside my Tax and Accounting Business, my team now also focusses on helping Business Owners increase sales by designing and developing dynamic and mobile responsive websites and High converting Lead/Sales Funnel at a small budget, so you can focus on  finding new big ideas for your business. The link below is to book a appointment with me or a member if my team if you need to know about how I can help you with your business. https://calendly.com/rousselfo... Thanks Roussel Folas EA
Every crisis brings an opportunity: How might you turn this crisis into new revenue streams or diversify your income?
Roussel from Rouss Tax & Accounting Answered this on June 27, 2020
During the pandemic, we had a financial hardship because we have invested a lot of money in the business beginning January, not knowing that the whole world will be shut down . So it was difficult for us to pay our Bills. But as one may know, If you apply a solution of a normal situation to an... (more) During the pandemic, we had a financial hardship because we have invested a lot of money in the business beginning January, not knowing that the whole world will be shut down . So it was difficult for us to pay our Bills. But as one may know, If you apply a solution of a normal situation to an unintended event, it will be hard to work. So, putting pressure on our current clients  to pay for their recurring invoice and keeping the same marketing strategy toward getting new customers was not going to work either because it was difficult to get new clients since no traditional business was working. We heard about the SBA EIDL and the PPP. Although we have applied for it, we still didn't care about it as we were not sure if it would be something real. When I received the $10,000 EIDL advance  Grant, I said to myself, and to my team member that this could be  the solution.  Recall that the EIDL Advance is the grant portion of the Loan when you apply for an EIDL It is a $1000 free money per employee once you apply for the SBA EIDL, regardless of whether you are eligible or not for the Loan itself.  As the EIDL was taking time to be processed we have applied for the PPP and that was the best thing we have done since the beginning of the Pandemic. Right during the application process we were able to know the exact amount my company was eligible for.  The same day we submitted all the supporting documents and after 3 days, we were approved. We electronically signed the loan document for disbursement and after a few days the money was deposited into our business bank account.  From that point, we knew we had got the FORMULA for success during the Pandemic.  Not only did we start paying our associates paycheck without using our business income, we started paying back bills and invoices. At that point, I no longer had to worry again about how to pay our bills.  We decided to shift our business model into helping other businesses to access those Government Financial relief. As a simple formula, if other businesses are able to get financial relief, then we can continue to do business with them. We went above and beyond. Not only have we helped for free all of our Business Clients to get their PPP and EIDL,  my team and I have helped, free of charge over 350+ Small business owners in more than 22 States to secure the Funding from $1,500 to $150,000.  This has be an opportunity because we were able to discover  that Maintaining a good recordkeeping of transactions is a big issue to small businesses. We then were able to show them what they lose by not keeepint their books. So bybdoing that, although we have helped business owners free of charge to get funding, we were able to discover many problem that they have, therefore,  we have been able to secure many contracts from them. We have secured  bookkeeping,  CFO, payroll and Tax Planning contract.  For those who where not able to pay for a bookkeeping, I have developed a simple, easy to use Basic financial transaction tracker.  It is a simple, but magical application that allows the business owner to know innate daily basis the balance of all the Sales, all the expenses daily and YTD as well as Net Income. It allows any any business owner no knowledge in accounting to be on top of all his financial transactions. I am mentioning the invoice system integrated and the CRM system as a bonus. As the PPP ends on june 30, I scheduled this facebook live/Webenar for today at 11 to develop 10 reasons why Any Business Owner need to Apply for PPP and EIDL. I drop the link.here in case any of you guys will be interested in participating  https://m.facebook.com/story.p... Thanks, Roussel 
If you take the EIDL loan, do you start paying interest on the loan as soon as you get it?
Roussel from Rouss Tax & Accounting Answered this on June 23, 2020
As a Tax and Accounting Profession, My team and I have assisted over 250+ business owners to get the EIDL and PPP loans. That last step during the the electronic signature of your loan document actually tells you that even though payments are deferred for the first year, interest starts accruing... (more) As a Tax and Accounting Profession, My team and I have assisted over 250+ business owners to get the EIDL and PPP loans. That last step during the the electronic signature of your loan document actually tells you that even though payments are deferred for the first year, interest starts accruing immediately as soon as the money is deposited into your bank account. Except that for the PPP Loan, if you used the money as directed, following the 60/40 rules and monitoring your eligible expenses efficiently, all the accrue interest and the principal are forgiven. Thanks, Roussel
Is it possible to receive money from both the EIDL and PUA? Or will accepting one cancel the other?
Roussel from Rouss Tax & Accounting Answered this on June 23, 2020
Hi, by experience since the month of March that My team and I have assisted over 250+ small business owner with PPP and EIDL Loan. We have also helped business owners to get into unemployment quick as the PPP was and EIDL was taking to loan, sometimes due to supporting documents that the business... (more) Hi, by experience since the month of March that My team and I have assisted over 250+ small business owner with PPP and EIDL Loan. We have also helped business owners to get into unemployment quick as the PPP was and EIDL was taking to loan, sometimes due to supporting documents that the business owner was not able to promptly provide for review. When they finally got approved, it never canceled their Unemployment benefit.  As you can see, the PUA is basically a free money whereas the EIDL and PPP are Loan. This mean if you accept the EIDL, you will just repay back at the term of the LOAN.  There is no mention of the unemployment during the EIDL or PPP application process, so one can't cancel the other. however, I just don't know for sure whether it is legally correct to accept both. Roussel Folas EA

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