The Blog

As a Newtown Square small business owner, you’re no doubt fully aware of the importance of your business location. This is especially the case if you have a retail store or deliver a service where Newtown Square customers come to you — you need a location with ease of access and foot traffic. Even if you just need an office … Read More

So … I’m not sure if you knew this. Apparently, running a business is expensive. And controlling costs can be daunting. But despite whatever you might see from those gurus who are posing by their Lamborghinis in the Facebook ads … even the leanest Newtown Square businesses are never 100% profit. Trust me — I’ve seen it all. Which is … Read More

With all the floods, fires, hurricanes, and other events that happened in 2019, it turned out to have been a very expensive year for natural disasters. Then…2020 rolled in and said, “Wait until you see what I’ve got!” For decades, a little-known federal loan program administered by the Small Business Administration (SBA) provided short-term working capital to small businesses impacted … Read More

The return of March Madness this past week was a big reminder of everything that has happened in just one year. In my opinion, it was the canceling of this event in 2020 that made the entire nation (including those of us in Newtown Square to) sit up and take notice that this would not be a normal year. And, … Read More

With the passage of the American Rescue Plan Act AND the CARES Act, the government is seemingly trying to go “full Oprah” with all of the credits, grants, and such that they are slinging out to Newtown Square small businesses… And while the media headlines are dominated by stories of the latest 1,400 dollar stimmies, the American Rescue Plan (ARP) … Read More

Well, it doesn’t look as if the minimum wage increase is happening. But all kinds of other interesting nuggets are inside the Senate version of the third stimulus package, the “American Rescue Plan” (i.e. the Biden stimulus). Now, portions of unemployment are NOT taxable (when previously they had been); the actual stimulus payments have a very steep phaseout (between 150 … Read More

We are knee deep in tax forms with the 3/15 deadline looming for corps. On top of that, of course, Congress continues to throw new things our way. The House passed the “American Rescue Plan” and there are stimulus-ish things to pay attention to. One provision of note for my Newtown Square business clients: The federal minimum wage hike was … Read More

We’re keeping our powder dry over here at Stephen J. Venuti, CPA, MST, LLC, as it relates to the “American Rescue Plan” proposed by Biden. There’s plenty of talk about it … but as of yet, nothing has passed. I prefer to live in the world of what *is* — instead of speculation. When something gets passed, I’ll have more … Read More

I am simultaneously eager while also being slightly horrified that tax season has officially begun. Horrified, simply because the IRS has been significantly behind the 8-ball this year, and I still can’t believe that we’re already halfway through February 2021. EAGER … well, because there are so many new credits available to Newtown Square business owners this year, and I’m … Read More

During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg): AOLBlockbusterRadio ShackCircuit CityCompUSASearsHotJobsYahooVoiceStream WirelessGateway Computers The year was 2002, and life looked a little different, eh? BUSINESS looked different. And this past year … well, we’ve all had to adjust to some things. … Read More