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

JOSEPH GALDO PRESENTS AT FMS PHILADELPHIA WEBINAR

Wed., October 14, 2020 | 12:00 PM - 1:00 PM
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Mercadien Webinar Replay: Are You Ready to Submit Your PPP Forgiveness Application?

August 4, 2020Frank Pina, CPA, Sherise D. Ritter, CPA, Kyle Neeld, CPA, Managing Directors & Elizabeth LaCorte, CPA, Manager, presented a webinar Are You Ready to Submit Your PPP Forgiveness Application? on Wednesday, July 29th. During the webinar, they went over: Key points of the PPPFA Modifications to provisions related to PPP loan forgiveness, including: Extended covered period…Read More

Frank Pina Featured Guest on RVN TV’s Behind the Numbers

August 3, 2020Frank Pina, CPA, CFF, CFE, CGMA, Managing Director with Mercadien’s Forensic & Litigation Support Services Group, was a featured guest on RVN TV’s Behind the Numbers with host Dave Bookbinder. The two discussed how organizations can identify fraud & what to do once fraud is detected. To view the full interview click here. For more information…Read More

Are You Eligible for Additional Relief from the COVID-19 PA Hazard Pay Grant Program?

July 23, 2020 | By: Elizabeth LaCorteThe state of Pennsylvania has $50 million set aside for a reimbursement-based grant available through Pennsylvania’s Department of Community & Economic Development (DCED).  The COVID-19 PA Hazard Pay Grant has an extremely short application window – JULY 16 – JULY 31, 2020. Unlike the Paycheck Protection Program grants, the funds from this grant are not…Read More

CARES Act Funding for Home & Community-Based Service (HCBS) Providers – What You Should Know

July 22, 2020 | By: Matthew SmierciakThe Coronavirus Aid, Relief and Economic Security (CARES) Act established the Coronavirus Relief Fund (the Fund) and appropriated $150 billion to the Fund. The purpose of the Fund is to make payments for specified uses to state and certain local governments.  State governments that receive funding have flexibility when determining how to use the funds.…Read More

Update to Our PPP Loan Forgiveness Implementation Guide

July 16, 2020 | By: Sherise D. Ritter & Kyle A. NeeldThe PPP Loan Program Evolution Continues As suspected back in May when Mercadien published its Paycheck Protection Program (PPP) Loan Forgiveness Implementation Guide, many rules have evolved and changed for both borrowers and lenders.  It has been several weeks since we published the original version of this guide.  Over these last several weeks, we have…Read More

Updated Guidance on Available Payroll Credits – New Form 941 – 2nd Quarter 2020

July 9, 2020 | By: Eric M. WhelanDue to the COVID-19 pandemic, the IRS announced a payroll tax credit as well as other relief over the past few months.  With the 2020 second quarter payroll tax return due dates approaching, below are highlights of these potential benefits and tax reporting changes that you should be aware of. Employee Retention Credit – Qualifications…Read More

PPP Alert – Senate Agrees to Extend PPP Loan Program to August 8th

July 1, 2020The Senate passed a bill to extend the filing deadline for Paycheck Protection Program (PPP) loans late on June 30th, just hours before the Small Business Administration (SBA) was set to stop accepting applications.  However, unless and until the House of Representatives approves the language, the SBA will stop accepting PPP applications.  The PPP provides…Read More

The CARES Act – Retirement Provisions & Future Planning

July 1, 2020 | By: Caitlin KolczynskiBreaking News!!  The IRS announced that anyone who already took a required minimum distribution for 2020 from IRA accounts now has the opportunity to roll those funds back into a retirement account.  The normal 60-day rollover period for RMDs already taken this year has been extended to August 31, 2020 to give taxpayers more time…Read More

Mercadien Webinar Replay: OCC’s Final CRA Rule – What You Need to Know

June 25, 2020On Wednesday, June 24th Mercadien’s Financial Institutions Services Group hosted a one-of-a-kind presentation featuring the nation’s leading Community Reinvestment Act expert, Kenneth H. Thomas, Ph.D., author of The CRA Handbook and former finance lecturer at The Wharton School of Business, who addressed the OCC’s Final CRA rule, and what it means for banks and their…Read More

The Main Street Lending Program: An Alternative to the PPP

June 19, 2020 | By: Frank PinaThe lender portal for the Federal Reserve’s Main Street Lending Program (MSLP) has opened as the alternative to the Paycheck Protection Program (PPP). Unlike the PPP, the Main Street Lending Program’s loans are not forgivable, although they are at low interest rates. The program is being offered through the Federal Reserve rather than the SBA…Read More