by Aleksei Koutin on 03 Apr, 2020 - 0 comments

The COVID-19 outbreak is causing extraordinary disruption for companies and non-profits across the Garden State. The NJEDA wants to make it easy for organizations to understand what support programs are available to you to help stabilize your operations and get back on a pathway to growth. This is a beta version of the Eligibility Wizard […]

by Aleksei Koutin on 02 Apr, 2020 - 0 comments

The SBA has changed their loan program in the aftermath of CARES act. The PPP Loan was signed into law on March 27, 2020. On March 31, the SBA issued its guidance and sample application for the loan to be used by banks. The loan forgiveness provision is the best part. Taxpayers are eligible for […]

by Aleksei Koutin on 02 Apr, 2020 - 0 comments

The SBA has changed their loan program in the aftermath of CARES act. Up to the first $10,0000 of Economic Injury Disaster Loan (EIDL) may now be a treated as GRANT meaning you will not have to pay it back. The app is here- https://covid19relief.sba.gov/#/ You’ll need a profit and loss from January 31, 2019 […]

by Aleksei Koutin on 01 Apr, 2020 - 0 comments

Here at cloudcpas.net, we’re working everyday with clients who are facing seemingly impossible sometimes scenarios with their businesses and their customers in the wake of COVID-19. In order to better support business community that we’ve served for over 17 years, we’are are promoting automatic 50% discount on all billable compliance and accounting services for next […]