The Blog

…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 Newtown Square, PA business) … well, the more that we discover that much is still unclear. Any Newtown Square, PA tax professional who is honest will tell you the same … Read More

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 Newtown Square, PA clients, and it has provided a great shot in the arm for others. And, well … we finally have definitive guidance FROM THE … Read More

There has been a lot of recent chatter about the PPP money, who got it, who didn’t, and even if some Newtown Square, PA 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 if you desperately needed … Read More

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 Newtown Square, PA businesses. Ouch. The IRS just released new guidance to this end (which is being protested by CPA associations). This reduces the … Read More

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 were 800K pending applications in … Read More

I promise that one day I’ll write to you and my Newtown Square, PA 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 looks like there is … Read More

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 of my Newtown Square, PA … Read More

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 businesses haven’t been affected in … Read More

This is a very important message, and I’d like you to read it carefully. Here at Team Stephen J. Venuti, CPA, MST, LLC, we have been walking closely with our Newtown Square, PA business owner clients (and many, many new business owners who have been reaching out) to cut through the noise and online misinformation about these loans. Some of … Read More

These days are moving VERY quickly, and we are working VERY hard to get communication out to our Newtown Square, PA 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. rumors. flying around out … Read More