Services

Business Interruption Claims Assistance – How We Can Help

Organizations are experiencing disruption like never before as a result of the COVID-19 pandemic, and there is a lot of uncertainty surrounding what insurance will cover, what assistance is available and how to recover losses from an unprecedented event like this. As a business owner or executive, you may be asking yourself: What is my…

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Paycheck Protection Program & Other COVID-19 Business Assistance

Are you a business owner or nonprofit organization looking to tap into the new Paycheck Protection Program (PPP) and other loan assistance programs? The Mercadien team has been tracking numerous relief program developments and stands ready to help our clients move quickly to take advantage of these potentially forgivable relief loans, as well as evaluate…

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The Interim Final Rule from the SBA

Many of you have reached out to us over the last few days in connection with determining the CARES ACT loans and other options available to you and your business.  In reference to the Paycheck Protection Program (PPP), there has been a lack of clear guidance about payroll costs eligible towards calculating your loan amount…

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NJ State Tax Alert: Filing Deadlines Extended

Governor Phil Murphy, Senate President Steve Sweeney, and Assembly Speaker Craig Coughlin, issued a joint statement on April 1, 2020, extending the state income tax filing deadline and the corporation business tax filing deadline from April 15 to July 15, following the IRS’s lead. Pennsylvania, Delaware and New York had all previously extended their deadlines…

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Navigating Through Business Interruption

Business owners in our region have proven to be resilient over the years, especially when disaster strikes or other challenging circumstances arise.  Some business owners obtain business income insurance coverage to protect against temporary or even permanent interruptions in their operations due to unforeseen events such as natural disasters, floods, fires, etc. Business income coverage…

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Force Majeure Considerations Relating to COVID-19

While business owners attempt to find creative ways to protect their assets and operate during the Coronavirus (COVID-19) pandemic, one term that keeps creeping into conversation as it relates to contracts and leases is force majeure. Force majeure is a French phrase meaning a superior force. Sometimes referred to as an “act of God,” force…

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Small Business Forgivable Loan Program Under the CARES Act & Other Relief

The Senate and House have passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which is a stimulus package for the nation and includes several important opportunities for small businesses to receive assistance. The law was signed by the President on Friday, March 27, 2020. In this legislation, there are several relief programs for…

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An Overview on the CARES Act & What It Means For Businesses

The Coronavirus Aid, Relief and Economic Security (CARES) Act (the “Act”), a $2 trillion stimulus package, has officially been signed into law. The bipartisan deal allocates $2 trillion in an effort to mitigate the fallout from the COVID-19 crisis, including $1.5 trillion in spending and tax cuts and $500 billion in loans—$454 billion of which was…

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An Overview on the CARES Act & What It Means For Individuals

The Coronavirus Aid, Relief and Economic Security (CARES) Act (the “Act”), a $2 trillion stimulus package, has officially been signed into law. The bipartisan deal allocates $2 trillion in an effort to mitigate the fallout from the COVID-19 crisis, including $1.5 trillion in spending and tax cuts and $500 billion in loans—$454 billion of which was…

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Tax Notice 2020-18: What You Need to Know

This week in Notice 2020-18, the Treasury Department and the Internal Revenue Service (IRS) announced special federal income tax return filing and payment relief in response to the ongoing Coronavirus (COVID-19) emergency.  This notice expands on and supersedes 2020-17 issued on March 18, 2020.  Just as news of the virus changes frequently, so does the…

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