Family Office

Mercadien Announces Executive Promotions; Names Ms. Raji Sathappan A Partner

The Mercadien Group is pleased to announce several promotions within the firm’s corporate leadership team. Ms. Raji Sathappan, CPA, MBA, CRCM, CAMS, a member of the Financial Institutions Services Group, is promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs (the official titles of firm partners). Raji has been employed…

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A Tax Deduction for Charitable Giving for NJ?

New Jersey taxpayers may see a deduction for charitable giving for 2019 on the NJ-1040!  On March 25, 2019, the Senate voted in favor of Bill No. S2179 that would allow a charitable deduction for individual taxpayers for contributions made to qualified New Jersey-based charitable organizations.  Creating this tax write-off for New Jersey residents could…

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Turning 18 – What Does It Mean?

18-year-olds are granted many privileges upon their birthday. It’s like turning a switch and the world considers them an adult.  This new found status can be exciting and a little scary. Eighteen-year-olds can own property outright, vote in an election, serve on a jury, get married, get a tattoo, gamble, and enter into binding contracts…

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Opportunity Zones

On April 17, 2019, the Internal Revenue Service issued proposed regulations and further guidance related to Qualified Opportunity Zone (QOZ) investments. The Tax Cuts and Jobs Act signed into law by President Donald Trump on December 22, 2017, introduced Subchapter Z of the Tax Code, which established the QOZ program.  Under this program, Federal income…

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Mercadien Partner Michelle Everman Participates in Panel Discussion on Planned Giving

Michelle V. Everman, CPA, PFS, CGMA, Managing Director & Co-Chair of Mercadien’s Individual Services and Family Office Group, participated with other experts in a panel discussion on the topics of Estate Planning & Planned Giving, hosted by Princeton Library for members of the community in October 2018. Ms. Everman provides tax, estate, financial and strategic planning to…

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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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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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How Donor Advised Funds Can Maximize Tax Savings on Your Charitable Deduction Under the Tax Cuts & Jobs Act of 2017

The Tax Cuts and Jobs Act of 2017 made significant changes to itemized deductions for individuals starting in 2018.  While many are focused on the limitation of $10,000 of state and local taxes as a deduction, the tax benefit of your charitable contributions is also impacted.  With the loss of most itemized deductions other than…

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Reasons To Consider Working With An Aging Care Management Consultant

It is estimated that in the U.S. nearly 10,000 people a day are turning age 65, and this will continue for the next 17 years.  The reason… the baby boomers have aged.   The result… the number of older aging adults will reach unprecedented heights in the next 10-20 years.  The impact… there is a significant…

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