Government

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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Paycheck Protection Program (PPP) Loan Forgiveness Implementation Guide

The PPP Loan Program Evolution Owners of numerous small businesses, including those who are self-employed, applied for potentially forgivable loans under the Paycheck Protection Program (PPP) created as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act. This program was designed to incentivize employers to maintain payroll and employee headcount throughout the COVID-19…

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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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Paycheck Protection Program Reloaded

On April 24, 2020, President Trump signed another Coronavirus relief package into law that included an expansion of the Paycheck Protection Program (PPP), making an additional $310 billion available to qualified applicants. The Small Business Administration began accepting new PPP applications on Monday, April 27, 2020. Although the additional funding is good news for many…

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A Discussion on COVID-19 & Its Impact on Organizations

Mercadien Managing Directors Kyle Neeld, Lee Boss, Sherise (Sherry) Ritter and Frank Pina all sat down online and had an open discussion answering frequently asked questions as it relates to the COVID-19 crisis and the impact it is having on organizations. Below are the highlights that came out of that discussion. Frank: What prompted Mercadien…

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PPP came through for me! Now what do I do?

Owners of numerous small businesses applied for potentially forgivable loans under the Paycheck Protection Program (PPP) created as part of the CARES Act, designed to incentivize employers to maintain payroll and employee headcount during the COVID-19 crisis. If you had the good fortune of getting approved for funding at this point, brace yourself for what…

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I’m Self-Employed, How Will the Paycheck Protection Program Help Me?

The Paycheck Protection Program (PPP) is a potentially forgivable loan designed to support small businesses (in operation as of February 15, 2020) with immediate cash during the worst of the COVID-19 crisis. The U.S. Small Business Administration (SBA) will forgive loans if employees are kept on the payroll for eight weeks and the money is…

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Preventing Business Exploitation In A State Of Vulnerability

As the days go by, business owners and individuals are receiving volumes of information on how to survive the COVID-19 pandemic. Channels of communication include news media outlets, advertisements, telephone calls, emails and text messages. A worldwide pandemic mixed with an ounce of fear and vulnerability gives fraudsters a recipe for exploitation. Given the amount…

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Cares Act Provider Relief Fund for Healthcare Organizations

On March 27, 2020, the President signed the bipartisan CARES Act that provides $100 billion in relief funds to hospitals and other healthcare providers on the front lines of the coronavirus response. This funding will be used to support healthcare-related expenses or lost revenue attributable to COVID-19, and to ensure uninsured Americans can get testing…

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Mercadien Webinar Replay: CARES Act – Tax & Financial Reporting Considerations

Managing Directors Frank Pina, CPA, Lee D. Boss, CPA, MBA, & Rick Willinger, CPA, MST, presented a webinar CARES Act – Tax & Financial Reporting Considerations on Tuesday, April 14th. During the webinar, they went over: Background on the CARES Act Tax Impacts for Individuals & Businesses Financial Reporting Considerations: COVID 19 note disclosures to…

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