Knowledge and Insights: News and Press Releases
Mercadien Webinar Replay: Paycheck Protection Program Round 2 & Other Extended Benefits
Managing Directors Sherise D. Ritter, CPA & Kyle A. Neeld, CPA, Managers Matthew Smierciak, CPA & Elizabeth LaCorte, CPA & Financial Consultant Caitlin Kolczynski, CFP® of Mercadien’s COVID Consulting Services Group presented a webinar Paycheck Protection Program Round 2 & Other Extended Benefits on Wednesday, February 3rd. During the webinar, they went over: Key points of the CAA…
Mercadien Asset Management President Ken Kamen Featured in USA Today
Ken Kamen, Mercadien Asset Management President, is featured in USA Today’s news article, GameStop-Robinhood revolution: Stock frenzy echoes anti-establishment anger behind Trump rise, Capitol riot by Michael Collins, Jessica Guynn and Sarah Elbeshbishi. Article Exerpt: Small investors banding together on social media are taking on big investment firms by running up the stock price of GameStop, a…
Funding Alert for Small Businesses and Restaurants in NJ & PA
NJEDA Announces $10 Million Second Phase of the Small Business Emergency Assistance Loan Program On Wednesday, January 27th, The New Jersey Economic Development Authority (NJEDA) announced it will open pre-registration for Phase 2 of its Small Business Emergency Assistance Loan Program at 9:00 a.m. EST on Wednesday, February 10, 2021. The $10 million program expansion…
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,…
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…
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…
State & Local Tax Considerations for Remote Employees During the COVID-19 Pandemic
As we all have witnessed over the last several months, the novel COVID-19 pandemic has changed the way the world works. Now, the physical location of businesses has less relevance. To meet social distancing guidelines and protect their employees while also keeping business rolling, most companies have asked employees to work remotely from their own…
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…
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…
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…