Knowledge and Insights: News and Press Releases

Lee D. Boss, CPA, MBA, Managing Director, Mercadien & Valentina Midura, Senior Manaing Director, BDO Capital Advisors, presented a webinar Capital Markets & M&A Outlook Post COVID-19 on Thursday, June 4. During the webinar, they went over: The impact of COVID-19 on Capital Markets Buy-side and sell-side trends and strategies Projections and predictions over the next…

Peter Ponzio, CPFA, Senior Vice President of Penn Investment Advisors, Inc. & Melissa B. Kurtzman, Shareholder & Co-Chair, Employee Benefits Practice Group of Littler presented a webinar SECURE & CARES Acts – Impacts on Your Retirement Plan on Thursday, May 28th. During the webinar, they went over: The Rules & Effective Dates of the Acts…

The New Jersey Economic Development Authority (NJEDA) recently announced $50 million in new funding and broader eligibility criteria for the Small Business Emergency Assistance Grant Program. Under the newly-expanded program, which will provide grants up to $10,000 for COVID-impacted businesses, a wider variety of businesses will now be eligible, including home-based businesses and sole proprietorships.…

Manager Joseph Galdo, CPA, CFE, CAMS, and Supervising Senior Chrisitina Richardson, CAMS, presented a webinar Interpreting FFIEC BSA/AML Manual Updates on Thursday, May 21st. During the webinar, they went over: The purpose/history of the FFIEC BSA/AML Manual Impact of COVID-19 on customer behavior Key takeaways Specific updates to the manual How these changes will affect…

Ken Kamen, president of Mercadien Asset Management, is a regular featured commentator on the Reuters Business and Personal Finance program hosted by Fred Katayama. On May 15, 2020, Ken was asked by Fred to share his thoughts on the current investment landscape. Ken tells Reuters’ Fred Katayama that although value stocks have long underperformed growth…

On May 13, the SBA released new guidance regarding the required good faith certification of need by PPP loan applicants, providing safe harbor to all recipients of less than $2 million in loan proceeds.  This guidance also speaks to ramifications for borrowers with loans of more than $2 million that are determined to have lacked…

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…

Sherise D. Ritter, CPA, CGFM, CGMA, PSA, Managing Director & Co-Chair of Mercadien’s Nonprofit & Human Services Group, was a featured speaker in HITS Consulting’s April 30th webinar – Post COVID-19: Resuming Your Practice After the Pause. Along with Roy W. Breitenbach, Partner/Director, Garfunkel Wild, PC, Sherise shared vital insights about the legal and financial…

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…

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…