Key Personnel

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: Credit Risk Management During Uncertain Times

Jorge Olazagasti, MBA, Director & Melissa Correa, CRCM, Manager, of Mercadien’s Financial Institutions Services Group presented a webinar Credit Risk Management During Uncertain Times on Thursday, August 27th. During the webinar, they went over: The immediate impact of the pandemic on credit risk management  Reviewing state specific lending initiatives How to monitor initiatives & delinquencies How…

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Managing Director Myron Gellman Interviewed for August Issue of New Jersey Business Magazine

Myron Gellman, MBA, CMC, CBA, Managing Director with Mercadien, was featured in the August issue of New Jersey Business Magazine. The article is titled, “It’s Good to be in the Middle” by Anthony Birritteri, Editor-in-Chief of New Jersey Business Magazine, and addresses the attractiveness of the middle market within the professional services realm. Within the…

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SBA Issues Procedural Notice for PPP Lender Forgiveness Reviews & Submissions

On July 23rd, the Small Business Administration (SBA) issued the following Procedural Notice regarding the process which lenders must follow in their review of your Paycheck Protection Program (PPP) forgiveness application and how they will interface with the SBA to request reimbursement for loans that they approve for forgiveness. View the Procedural Notice here –…

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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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Frank Pina Featured Guest on RVN TV’s Behind the Numbers

Frank Pina, CPA, CFF, CFE, CGMA, Managing Director with Mercadien’s Forensic & Litigation Support Services Group, was a featured guest on RVN TV’s Behind the Numbers with host Dave Bookbinder. The two discussed how organizations can identify fraud & what to do once fraud is detected. To view the full interview click here. For more information…

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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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Updated Guidance on Available Payroll Credits – New Form 941 – 2nd Quarter 2020

Due to the COVID-19 pandemic, the IRS announced a payroll tax credit as well as other relief over the past few months.  With the 2020 second quarter payroll tax return due dates approaching, below are highlights of these potential benefits and tax reporting changes that you should be aware of. Employee Retention Credit – Qualifications…

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PPP Alert – Senate Agrees to Extend PPP Loan Program to August 8th

The Senate passed a bill to extend the filing deadline for Paycheck Protection Program (PPP) loans late on June 30th, just hours before the Small Business Administration (SBA) was set to stop accepting applications.  However, unless and until the House of Representatives approves the language, the SBA will stop accepting PPP applications.  The PPP provides…

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The Main Street Lending Program: An Alternative to the PPP

The lender portal for the Federal Reserve’s Main Street Lending Program (MSLP) has opened as the alternative to the Paycheck Protection Program (PPP). Unlike the PPP, the Main Street Lending Program’s loans are not forgivable, although they are at low interest rates. The program is being offered through the Federal Reserve rather than the SBA…

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