Family Office

Mercadien Announces Executive Promotions; Names Ms. Lovepreet Buttar A Partner

September 14, 2020; Princeton, NJ & Philadelphia, PA – The Mercadien Group is pleased to announce several promotions within the firm’s corporate leadership team.  Ms. Lovepreet Buttar, CPA, MBA, CGMA, PSA, a member of the Nonprofit & Human Services Group, was promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs…

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Mercadien Webinar Replay: Are You Ready to Submit Your PPP Forgiveness Application?

Frank Pina, CPA, Sherise D. Ritter, CPA, Kyle Neeld, CPA, Managing Directors & Elizabeth LaCorte, CPA, Manager, presented a webinar Are You Ready to Submit Your PPP Forgiveness Application? on Wednesday, July 29th. During the webinar, they went over: Key points of the PPPFA Modifications to provisions related to PPP loan forgiveness, including: Extended covered period…

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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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CARES Act Funding for Home & Community-Based Service (HCBS) Providers – What You Should Know

The Coronavirus Aid, Relief and Economic Security (CARES) Act established the Coronavirus Relief Fund (the Fund) and appropriated $150 billion to the Fund. The purpose of the Fund is to make payments for specified uses to state and certain local governments.  State governments that receive funding have flexibility when determining how to use the funds.…

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Update to Our PPP Loan Forgiveness Implementation Guide

The PPP Loan Program Evolution Continues As suspected back in May when Mercadien published its Paycheck Protection Program (PPP) Loan Forgiveness Implementation Guide, many rules have evolved and changed for both borrowers and lenders.  It has been several weeks since we published the original version of this guide.  Over these last several weeks, we have…

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The CARES Act – Retirement Provisions & Future Planning

Breaking News!!  The IRS announced that anyone who already took a required minimum distribution for 2020 from IRA accounts now has the opportunity to roll those funds back into a retirement account.  The normal 60-day rollover period for RMDs already taken this year has been extended to August 31, 2020 to give taxpayers more time…

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NJEDA Update: Small Business Emergency Assistance Grant Program – Phase 2 Info Now Available

The New Jersey Economic Development Authority (NJEDA) recently announced $50 million in new funding and broader eligibility criteria for the Small Business Emergency Assistance Grant Program. Under the newly-expanded program, which will provide grants up to $10,000 for COVID-impacted businesses, a wider variety of businesses will now be eligible, including home-based businesses and sole proprietorships.…

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New PPP Guidance from the SBA Regarding Good Faith Need Certification

On May 13, the SBA released new guidance regarding the required good faith certification of need by PPP loan applicants, providing safe harbor to all recipients of less than $2 million in loan proceeds.  This guidance also speaks to ramifications for borrowers with loans of more than $2 million that are determined to have lacked…

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Managing Director Frank Pina Co-Authors Article for Fraud Magazine

Managing Director Frank Pina, CPA, CFF, CFE, CGMA, Co-Chair of Mercadien’s Forensic & Litigation Support Group, authored an article on Drexel University’s Fraud & Internal Control Case Competition with Barbara Murray Grein, CPA, Associate Professor & Head of the Accounting Department at Drexel University, for the May/June issue of the Association of Certified Fraud Examiners…

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Sherise Ritter Presents Webinar for HITS Consulting – Post COVID-19: Resuming Your Practice After the Pause

Sherise D. Ritter, CPA, CGFM, CGMA, PSA, Managing Director & Co-Chair of Mercadien’s Nonprofit & Human Services Group, was a featured speaker in HITS Consulting’s April 30th webinar – Post COVID-19: Resuming Your Practice After the Pause. Along with Roy W. Breitenbach, Partner/Director, Garfunkel Wild, PC, Sherise shared vital insights about the legal and financial…

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