Individuals & Family

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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Staying Connected While Social Distancing

During the COVID-19 crisis, most organizations moved to social distancing and a remote working environment, connecting virtually through amazing technologies. However, the need to communicate with your network and provide value to your clients has become even more important and impactful in challenging times. As COVID-19 continues to disrupt professional and personal lives, how you…

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Your Estate Documents Amid the COVID-19 Crisis

OK so, a couple weeks of quarantine down, you’ve caught up on all the shows/movies you’ve been wanting to see, cleaned out that junk drawer, read a book, now you’re bored – and from everything we’re hearing all or most of April will be seen from inside our homes as well. I bet you haven’t…

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Mercadien Webinar Replay: Paycheck Protection Program – What Businesses Should Know

Managing Directors Frank Pina, CPA, Lee D. Boss, CPA, MBA, Sherise D. Ritter, CPA, & Kyle Neeld, CPA, presented a webinar Paycheck Protection Program – What Businesses Should Know on Wednesday, April 8th. During the webinar, they went over: The Paycheck Protection Program (PPP) and impacts to your business Business eligibility and related requirements for relief Loan…

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