Bankruptcy Options

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.

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

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Changes to Noncompete Clauses to Note, Newtown Square Businesses

The world is a bit of a scary place right now, especially if you’re anywhere near Russia. As war continues to wage and Putin gets more aggressive with his rhetoric, it’s pushing a response from surrounding countries. Recently, Germany has been discussing a...

Flexible Scheduling Proposal for Newtown Square Small Businesses

This is how I often feel about the government’s decision-making with taxes:Q: What’s the difference between death and taxes?A: Congress doesn’t meet every year to make death worse.Honestly, as a small business owner, you most likely feel that pain.Take this for...

When Newtown Square Taxpayers Need to File an Amended Return

Well, tax day is behind us. That wasn’t so bad… was it?But if you have a nagging feeling that you missed something… maybe some extra income from that little stint you did for a local Newtown Square theater company? Maybe a deduction that you just realized you were...

Moving Your Newtown Square Business Toward Positive Cash Flow

Did you know the Financial Crimes Enforcement Network (FinCEN) has a YouTube page? Guess everyone’s got one these days, huh?I bring this up because, on Tuesday, April 30th, they are hosting a little information-giving session on their channel about Beneficial...

Five Reasons to Take Scenario Planning Seriously in Your Newtown Square Small Business

Happy Earth Day. The day we celebrate this little blue marble we all enjoy living on. I found this fascinating as I was reading about it this morning — there are so many elements that make up the scenario of a thriving Planet Earth. Less threats because...

CFPB Small Business Loan Requirements & Your Newtown Square Biz

The 2024 federal tax season has reached its end… well, unless you joined the other 19 million taxpayers and filed for an extension. That’s something we anticipate every year here at Stephen J. Venuti, CPA, MST, LLC. And we’ll be working away the next...

A Warning About Social Media Tax Advice for Newtown Square Taxpayers

I’ve had plenty of Newtown Square clients over the years come to me in a terrible position with their taxes because they trusted the wrong person’s advice or fell prey to a scam… or both. In fact, the third most commonly reported fraud is tax refund fraud,...

3 Debt Elimination Steps for Your Newtown Square Small Business

Lots going on this week. Namely…The tax filing deadline is Monday, April 15th. For any of our Pennsylvania business clients who haven’t yet reached out to us, we can still take you on by filing an extension on your behalf and then managing the filing after. But,...

A New Retirement Plan for Newtown Square Small Business Owners

Well, the U.S. government has decided it can go on spending money – 1.2 trillion dollars to be exact. That means the departments of State, Defense, Labor, Health and Human Services, and Homeland Security are funded, through next September anyway. So the shutdown...

Common Tax Penalties Newtown Square Taxpayers Can Easily Avoid

Remember that frantic scramble to file your taxes on April 15th? Procrastination happens, especially with taxes.But a rushed job often leads to a botched job. Why? Because there’s no time to double check to make sure everything is right. Small mistakes can be a big...

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Bankruptcy Options

Bankruptcy Can Be The Beginning of Your Financial Restoration!

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

Let Us Help:

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