Family Office

3 Ways to Position Yourself & Your Family for Future Success

Many business owners support their families through their businesses. If something were to happen to you, such as a sudden death or permanent incapacitation, it may affect both your business and the lifestyles of the people who rely on you. Here are three things you should consider when planning for the future success of your…

Read More

Tax Watch: How the IRS W-4 Changes Will Affect Employees & Employers

The IRS has completely changed income tax withholding with the release of a new W-4 form for 2020.  There are differing opinions on whether this is a good thing or not.  If filled out correctly, the form should approximate the correct withholding for a person.  The form is very different from prior year W-4s, however,…

Read More

Cryptocurrency or Cryptonite?

In 2014, the Internal Revenue Service (IRS) issued limited guidance on cryptocurrency, which led to more questions than answers. As the use of digital currency has become more widespread in the last several years, the IRS has focused recent enforcement efforts on educating taxpayers, to help ensure they are compliant in reporting and disclosing their…

Read More

The SECURE Act

On December 20, 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which went into effect on January 1, 2020.  This is the broadest piece of retirement legislation passed in 13 years.  The changes affect many Americans and could make saving for retirement easier and more accessible for many individuals.  Below…

Read More

Do You Have a Plan?

Whether you are a business owner or an employee, now is a good time to begin thinking about tax-efficient planning to maximize your after-tax income. Year-end planning for 2019 takes place against the backdrop of recent major changes in the rules for individuals and businesses.  Although the tax law changes were intended to simplify the…

Read More

Alert for All Employers! Be Aware of Substantial Changes in NJ Employment Laws!

The State of New Jersey has made numerous changes to the employment laws in the last two years. Businesses large and small, as well as nonprofit organizations and government entities in New Jersey will need to adapt to meet the new requirements and reduce their exposure to enforcement actions and lawsuits. The following list of…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More