Knowledge and Insights

Offering resources and insights that help clients and communities

One of the ways Mercadien accelerates client and community success is by continually enhancing and sharing knowledge.  By offering our expertise and thought leadership on key business and industry trends and issues, we’re a better resource to you. It benefits everyone to keep minds sharp and fingers on the pulse of what’s critical in today’s dynamic environment.

We’re pleased to provide articles, news, and information to help you stay up-to-date on topics affecting your organization; learn about best practices and processes in relevant fields; and simplify the business and financial complexities you may face.

UPCOMING EVENTS

WEBINAR: PPP ROUND 2 & OTHER EXTENDED BENEFITS

Wednesday, February 3 | 9:00 AM - 10:30 AM
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PPP2 is Here – What You Need to Know

January 4, 2021 | By: Kyle A. NeeldOn 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…Read More

Tax Impacts of the New COVID Relief Bill

January 4, 2021 | By: Richard S. WillingerThe Consolidated Appropriations Act of 2021 has been passed by Congress and was signed by the President last Sunday, December 27th. The bill is very large and contains over 5,600 pages. It includes the COVID-Related Tax Relief Act of 2020 (COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTR), which contain…Read More

Lovepreet Buttar Elected to CCSNJ’s Board of Directors

December 18, 2020Lovepreet 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,…Read More

Mercadien Webinar Replay: 2020 Year-End Tax Planning: What You Need to Know

December 16, 2020Richard 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…Read More

NJEDA Expands Discounts, Extends Deadline for PPE Access Program

December 2, 2020On 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…Read More

State & Local Tax Considerations for Remote Employees During the COVID-19 Pandemic

November 30, 2020 | By: Toral ZumkhawalaAs 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…Read More

Important Considerations for Year-End Tax Planning

November 30, 2020 | By: Eric M. WhelanAs year-end approaches, it is a good time to think about planning moves that may help reduce taxes for this year and possibly next. Year-end planning for 2020 takes place during the COVID-19 pandemic, which in addition to its devastating health and mortality impact has widely affected business finances. New tax rules have been enacted…Read More

Mercadien Webinar Replay: Common Audit Findings in PPP & Other Pandemic Relief Programs

November 20, 2020Melissa 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…Read More

Navigating the Changing & Growing Landscape of Banking Cannabis

November 19, 2020Cannabis 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…Read More

NJ Pass-Through Owners Can Now Either Fish the Tax Waters or Cut New Jersey BAIT

November 18, 2020 | By: Jane SyseskeyNew Jersey Pass-Through Business Alternative Income Tax (NJ BAIT) Act was passed in January 2020 and is effective for 2020.  This act was designed to help business owners mitigate the negative impact of the federal state and local tax (SALT) deduction limitation of $10,000 on individual tax returns.  Although there was initially some concern that…Read More