Individuals & Family
Important Considerations for Year-End Tax Planning
As year-end approaches, it is a good time to think about planning moves that may help reduce taxes for this year and possibly next. Year-end planning for 2020 takes place…
NJ Pass-Through Owners Can Now Either Fish the Tax Waters or Cut New Jersey BAIT
New Jersey Pass-Through Business Alternative Income Tax (NJ BAIT) Act was passed in January 2020 and is effective for 2020. This act was designed to help business owners mitigate the…
Important Filing Information For 2020 Forms 1099 MISC & NEC
Updated 1/5/21 New State Electronic Filing Requirements New for 2020: This year most states including New Jersey require mandatory electronic filing of all 1099s. If you need assistance with the…
Fraudulent Unemployment Claims- Employers & Employees Be Aware & Vigilant
What is happening? The rise in unemployment filings and the expansion of jobless benefits in the ongoing COVID-19 pandemic have enabled an increase of fraud across the country. Your Human Resources…
Is Your Organization Utilizing All Available Relief Funds for Healthcare Providers?
The Coronavirus Aid, Relief and Economic Security (CARES) Act established and appropriated $175 billion the Provider Relief Fund. The Provider Relief Fund supports American families, workers, and the heroic healthcare…
How This Year’s Election Could Affect Your Year-End Tax Planning
As year-end approaches, it is a good time to think about planning moves that may help lower your tax bill for this year and possibly next. Year-end planning for 2020…
NJEDA Announces Phase 3 of COVID-19 Grant Program
The New Jersey Economic Development Authority (NJEDA) announced Phase 3 of the Authority’s Small Business Emergency Assistance Grant Program yesterday, October 14th. Phase 3 will be funded with $70 million…
SBA Streamlines PPP Forgiveness for Loans ≤ $50,000
On October 8, 2020, the Small Business Administration (SBA) released a streamlined two-page application (i.e., Form 3508S) focused specifically on small Paycheck Protection Program (PPP) borrowers who borrowed less than $50,000. …
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,…
Uptick in False Claims & Fraud Could Spell Trouble for PPP Loan Recipients
Regulatory and enforcement actions are expected to increase in the foreseeable future as a result of the substantial number of businesses that applied for and received funds under the Small…