Private Companies

Mercadien Announces Executive Promotions; Names Ms. Raji Sathappan A Partner

The Mercadien Group is pleased to announce several promotions within the firm’s corporate leadership team. Ms. Raji Sathappan, CPA, MBA, CRCM, CAMS, a member of the Financial Institutions Services Group, is promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs (the official titles of firm partners). Raji has been employed…

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Moving from “Great, an Audit” to a Great Audit

“Oh great, an audit!” When the word audit is seen or heard by most people working in any type of organization, it usually invokes a negative response.  They view the term as an unpleasant event that may be disruptive or unsettling to their normal course of business.  To add to the displeasure, audits generally are…

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Internal Audit: When Outsourcing Should Be Considered

Expansion and growth present both excitement and challenges for a company. During such periods, new systems are introduced, processes are redesigned and refined, and employees are trained in the changes. Management may find that what worked before may not be effective or efficient anymore. These changes lead to an increased demand on the company’s internal…

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Whether You Sell Your Business or Not, the Planning is the Same

There are many things for you to consider as you think about the future of your business ownership: When is the right time to move on? How much money will I need? How do I even sell this business? These questions dovetail into an important decision you’ll try to make early in the process of…

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A Tax Deduction for Charitable Giving for NJ?

New Jersey taxpayers may see a deduction for charitable giving for 2019 on the NJ-1040!  On March 25, 2019, the Senate voted in favor of Bill No. S2179 that would allow a charitable deduction for individual taxpayers for contributions made to qualified New Jersey-based charitable organizations.  Creating this tax write-off for New Jersey residents could…

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Opportunity Zones

On April 17, 2019, the Internal Revenue Service issued proposed regulations and further guidance related to Qualified Opportunity Zone (QOZ) investments. The Tax Cuts and Jobs Act signed into law by President Donald Trump on December 22, 2017, introduced Subchapter Z of the Tax Code, which established the QOZ program.  Under this program, Federal income…

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8 Cybersecurity Risks That May Impact Organizations in 2019

As featured in Security Magazine (data drawn from AON 2019 Cyber Security Risk Report) 2018 showed that a proactive approach to cyber preparation and planning paid off for the companies that invested in it; it’s expected that in 2019 the need for advanced planning will only further accelerate.  “Digital Transformation” is here to stay –…

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Chris Mangano’s Article on Penetration Testing Featured in LBCCC Chamber Compass

Chris Mangano, Vice President of Sales & Marketing, authored an article on Penetration Testing that was recently featured in the Lower Bucks County Chamber of Commerce’s weekly newsletter, Chamber Compass for the week of February 18th. Read the full article below. Before you arrange or commit to a penetration test, understand that the results are…

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Considering a Penetration Test? Know Your Options & Which is Right for You

Before you arrange or commit to a penetration test, understand that the results are driven by the information the researcher is provided. Leadership and management need to agree on the scope-of-work, objectives and rules of engagement for the organization performing the testing. This process has been neatly packaged into a color-coded system: Black, White or…

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Lessons to Lessen Business Divorce Disputes

Whether between partners in life or partners in business, disagreements are inevitable.  As with those in life, some business relationships become irreparable, ultimately leading to a business divorce.  This is a term used to describe a situation where partners split for one reason or another, often resulting in lengthy and expensive litigation.  Many who have…

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