Knowledge and Insights: News and Press Releases

Lovepreet Buttar Elected to CCSNJ’s Board of Directors

Lovepreet Buttar, CPA, MBA, CGMA, PSA, Managing Director of Mercadien’s Nonprofit & Human Services Group has been elected to the Chamber of Commerce Southern New Jersey’s (CCSNJ) board of directors, effective January 1st, 2021. Lovepreet has over 10 years of experience performing and overseeing audit engagements for various nonprofit clients, including associations, schools, private foundations,…

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Mercadien Webinar Replay: 2020 Year-End Tax Planning: What You Need to Know

Richard S. Willinger, CPA, MST, CGMA, Managing Director of Mercadien’s Private Company Services Group presented a webinar 2020 Year-End Tax Planning: What You Need to Know on Tuesday, December 15th. During the webinar, he went over: Individual Tax Updates Tax Impact of Working Remotely Potential Impact from Election Charitable Planning Estate & Gift Planning New Jersey…

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NJEDA Expands Discounts, Extends Deadline for PPE Access Program

On Monday, November 23rd the New Jersey Economic Development Authority (NJEDA) announced that it will increase the discounts available on purchases of personal protective equipment made through the NJ Small and Micro Business PPE Access Program to nearly 70 percent, effective Tuesday, November 24, 2020. The Authority will also double the per-business cap on discount…

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Mercadien Webinar Replay: Common Audit Findings in PPP & Other Pandemic Relief Programs

Melissa Correa, CRCM, Manager & David Healey, Supervising Senior Associate of Mercadien’s Financial Institutions Services Group presented a webinar Common Audit Findings in PPP & Other Pandemic Relief Programs on Tuesday, November 17th. During the webinar, they went over: Audit pitfalls as it relates to pandemic relief activities & the impact on risk management How to…

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Navigating the Changing & Growing Landscape of Banking Cannabis

Cannabis is inclusive of marijuana, hemp and CBD. Recently, more states, including New Jersey, have legalized marijuana for recreational use and the number of states that have legalized marijuana use, whether recreational or medicinal, has grown exponentially. The regulatory risk exposure and financial benefit to financial institutions is significant. Has your institution considered its position…

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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 new state e-filing requirements, please reach out to Mercadien’s Tax Services Group. For the 2020 tax year, the Internal Revenue Service (IRS) and State Taxing…

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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 takes place during the COVID-19 pandemic, which in addition to its devastating health and mortality impact, has widely affected personal and business finances. New tax…

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Mercadien Webinar Replay: Getting Your Financial House in Order Post COVID-19

Lee D. Boss, CPA, MBA, Managing Director & Chair of Mercadien’s Private Company Services Group & Michael Warady, CFP, Regional Director of Source Advisors presented a webinar Getting Your Financial House in Order Post COVID-19 on Tuesday, October 20th. During the webinar, they went over: How to produce accurate financial reports & projections/forecasts Key financial drivers…

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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 in Coronavirus Aid, Relief, and Economic Security (CARES) Act funding. This allows for a considerable expansion of eligibility for the program and increases the amount…

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Raji Sathappan Featured in ICBA Independent Banker Magazine

Raji Sathappan, CPA, MBA, CRCM, CAMS Managing Director with Mercadien, was featured in the October issue of the Independent Community Bankers of America’s (ICBA) Independent Banker Magazine. The article is titled, “Compliance Challenges for Commercial Lenders” by Beth Mattson-Teig, and discusses how in order to make sure your community bank’s commercial loans are compliant, it…

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