Private Companies

Funding Alert: NJEDA Announces Phase 4 of the SBEA Grant Program

On Wednesday, April 14, 2021, The New Jersey Economic Development Authority (NJEDA) announced Phase 4 of the Authority’s Small Business Emergency Assistance Grant Program, adding $85 million in funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Phase 4 will provide short-term operating support to a broad group of New Jersey small and…

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Mercadien Webinar Replay: A Deep Dive into Middle Market M&A & Outlook for 2021

Lee Boss, Managing Director of Mercadien, Valentina Midura, Senior Managing Director of BDO Capital Advisors & Rachel Stark, Shareholder of Stark & Stark presented a webinar, A Deep Dive into Middle Market M&A & Outlook for 2021 on Friday, March 26th along with moderator Frank Pina, Managing Director of Mercadien. The webinar was the first installment…

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Summary & Highlights of the American Rescue Plan Act

On March 11, 2021 President Biden signed the American Rescue Plan Act of 2021, (ARPA or the Act) which will provide $1.9 trillion in relief funds across a wide spectrum of categories, including additional relief for nonprofits and small businesses, the extension of unemployment benefits, new tax provisions, assistance for restaurants and bars, and more.…

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Funding Alert: Small Business Lease Emergency Assistance Grant Program

Governor Phil Murphy and Lt. Governor Sheila Oliver announced $5 million in funding for Phase 2 of the Small Business Lease Emergency Assistance Grant Program, which provides grants up to $10,000 for small businesses and nonprofits that have been impacted by COVID and are located in the New Jersey Redevelopment Authority’s 66 designated communities. The application process for…

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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…

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Employee Retention Tax Credit (ERTC) Consolidated Appropriations Act Update

We have received many questions about the updated employee retention credit.  This article will take you through the highlights and hopefully answer some of the questions we’ve gotten on this subject.  The Consolidated Appropriations Act, (CAA) enacted on December 27, 2020, changed several provisions, involving the employee retention tax credits first implemented under the CARES…

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Tax Outlook for 2021

Successful tax planning does not just require arranging one’s affairs to take advantage of current tax laws. It also requires anticipating changes that may occur so that you do not get caught with a plan that just does not work. The election is now behind us and we know that Democrats control the White House,…

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Internal Control Considerations During a Pandemic

Much has changed for businesses since the COVID-19 pandemic began almost a year ago in March 2020.  One of the biggest changes has been the introduction of remote working in the business environment.  Remote working has provided many unanticipated benefits, like more time with the family and less time commuting. While there are benefits to…

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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…

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PPP2 is Here – What You Need to Know

On Monday, December 21st, the U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill, called the Consolidated Appropriations Act, that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides more than $300 billion in relief funding for small businesses as a supplement to the original…

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