Business & Financial Consulting

Whether You Sell Your Business or Not, the Planning is the Same

There are many things for you to consider as you think about the future of your business ownership: When is the right time to move on? How much money will I need? How do I even sell this business? These questions dovetail into an important decision you’ll try to make early in the process of…

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Mercadien Sponsors Session at 2018 NJBIA Women Business Leaders Forum

The New Jersey Business & Industry Association (NJBIA) Annual Women Business Leaders Forum was held Friday, September 14, 2018, at the Newark Liberty Airport Marriott.  Under the theme, Empowering Together, 400+ attendees heard from featured speakers, including make-up magnate Bobbi Brown as keynote, and panelists at five different educational breakout sessions.  Mercadien sponsored the session,…

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NJ’s New Paid Sick Leave Act – A Summary

The New Jersey State Legislature passed a new Paid Sick Leave Act, that takes effect on Monday, October 29, 2018. Below we’ve summarized the highlights for you to ensure your business is in compliance with the new law. Who is affected? Anyone who employs another individual  When does the Act go into effect? Monday, October…

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Succession Planning: 3 Emotional and Logical Roadblocks to Overcome

Succession planning is a process that every business owner thinks about, however, identifying and developing new leaders is easier said than done. According to Business Enterprise Institute’s 2016 Business Owner Survey Report: 79% of business owners plan to exit their business in the next ten years, 38% have not taken any steps toward their exits,…

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Unintended Consequences of Changes to Withholding Rates Under New Tax Law

With the passage of the new tax law on December 22, 2017, there may be some unintended consequences of which everyone should be aware.  One change directly affected the federal income tax withholding rate at which taxes are withheld from paychecks.  Employers are required to use these new rates and ultimately reduce employees’ federal withholding…

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State of PA Changes 1099-MISC Withholding Tax Requirements for 2018

The State of Pennsylvania issued changes to 1099-MISC tax withholding requirements for individuals and businesses for 2018. Details can be found on this resource document provided by the Pennsylvania Department of Revenue (A – link to doc), which contains links to additional information and State websites. Essentially, if a Pennsylvania company is paying a non-resident…

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Employer 401(K) Plan Remittances – How Much Time & Risk Do You Have?

When an employer sponsors a defined contribution retirement plan, such as a 401(k), it is providing employees with a great opportunity to save for retirement.  In most cases, employees are allowed to defer a certain amount or percentage of their pay from each paycheck to contribute to the retirement plan. Although withholding and remittance of…

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Contemplating a Move to a State with Lower or No Income Taxes? Don’t Pack Your Bags Yet

Taxpayers of high-tax states often contemplate relocating and establishing their domicile in a more tax-friendly state.  With the latest tax act and the maximum federal deduction available for state and local taxes capped at $10,000, many more taxpayers are posing this question and exploring a strategy to change their domicile.  The strategy and success of…

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Lee Boss Presents NJBIA Webinar on Practical Considerations About Succession Planning

Managing Director Lee Boss presented a NJBIA Webinar on Practical Considerations About Succession Planning on Thursday, January 18, 2018, where he discussed methods of transferring ownership of your company and how to maximize long-term value. To watch the webinar, click here. As a business owner, planning for the future is a given. You know it must happen…

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How to Increase Your Business Value Using Value Drivers

A fundamental aspect of a successful business exit is assuring that your business has enough value to allow you to exit with financial security. This, coupled with wisely invested non-business assets, gives you the best chance to pursue the Exit Path you want on the timeline you want. Obtaining a proper, professional business valuation is…

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