Elizabeth LaCorte

Mercadien Announces Leadership Transition Within Bankruptcy Practice

Princeton, NJ & Philadelphia, PA – Mercadien, a leading provider of multi-disciplined accounting and advisory services, announces a significant leadership transition within its Bankruptcy Practice. Donald Conway, CPA, a distinguished Managing Director and Principal, has stepped down from his role as head of Mercadien’s Bankruptcy Practice on September 1, 2023.   Mr. Conway will remain a…

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Mercadien Webinar Replay: Overview of the American Rescue Plan Act & Impacts on Your Organization

Managing Directors Sherise D. Ritter, CPA & Kyle A. Neeld, CPA, and Manager Elizabeth LaCorte, CPA of Mercadien’s COVID Consulting Services Group presented a webinar Overview of the American Rescue Plan Act & Impacts on Your Organization on Wednesday, April 28th. During the webinar, they went over: Changes to the employee retention credit FFCRA Paid Sick & Family…

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Mercadien Webinar Replay: Paycheck Protection Program Round 2 & Other Extended Benefits

Managing Directors Sherise D. Ritter, CPA & Kyle A. Neeld, CPA, Managers Matthew Smierciak, CPA & Elizabeth LaCorte, CPA & Financial Consultant Caitlin Kolczynski, CFP® of Mercadien’s COVID Consulting Services Group presented a webinar Paycheck Protection Program Round 2 & Other Extended Benefits on Wednesday, February 3rd. During the webinar, they went over: Key points of the CAA…

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Are You Eligible for Additional Relief from the COVID-19 PA Hazard Pay Grant Program?

The state of Pennsylvania has $50 million set aside for a reimbursement-based grant available through Pennsylvania’s Department of Community & Economic Development (DCED).  The COVID-19 PA Hazard Pay Grant has an extremely short application window – JULY 16 – JULY 31, 2020. Unlike the Paycheck Protection Program grants, the funds from this grant are not…

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Important Business Considerations for the New Normal

Since the beginning of the COVID-19 pandemic and the issuance of stay at home orders and business shutdowns eight weeks ago, there have been many Federal and State moratoriums, executive orders and updates to governmental guidelines to lessen the impacts of the pandemic. Businesses grappling with decisions made, or to be made, will need to…

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Cash Flow Considerations for the “New Normal”

Due to COVID-19 and its effects on the economy, a major concern for all businesses is liquidity.  Preserving cash flow should be a focus for business owners, whether they are temporarily closed for business or operating at reduced capacity. The ever-evolving fall-out from the COVID-19 crisis will continue to impact all organizations, but it’s difficult…

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Tax Planning is Essential to Asset Sales in Bankruptcy Cases

Asset sales are an integral part of bankruptcy cases.  When considering a sale’s benefit to an estate, the potential benefit to “Uncle Sam” should also be considered.  Will the debtor owe income taxes or incur a loss?  Tax planning should be considered as part of the sales process. Depending on the circumstances and the sale’s…

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It’s a Taxing Time of Year for Companies in Bankruptcy

Keeping on top of tax compliance is one aspect of the working relationship that debtors and bankruptcy professionals have with accountants or financial advisors.  One pitfall I’ve seen is that some debtor companies neglect their informational and income tax reporting responsibilities while in bankruptcy.  Many times it’s an oversight because an accountant was retained late…

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