We are here to help
You can rely on us to see you through to this. Difficult choices are needed in difficult times rapidly. In this unrivaled time, Blue Arrow CPAs is dedicated to helping you. Our continuous Remote Client Service is extended for your convenience while the members of our team are working safely from home without any pay cut.
In case of any questions, please contact us, and we will respond within 24 hours.
The CARES Act
On 27 March 2020, the CARES act (the Coronavirus Aid, Relief, and Economic Security Act) was signed into law by Congress and President Trump, offering taxpayers’ relief from new coronaviruses (COVID-19) as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act. It is a vital piece of law aimed at providing customers and corporations with about $2 trillion in financial assistance.
According to this law, Tribes are granted access to flexible funding of $8 billion to finance the response of COVID-19. Under the following systems created by SBA, Tribal government-owned companies will be able to apply, which is the Paycheck Protection Program of approximately $350 billion by The Small Business Administration (SBA).
Small businesses that have 500 or less employees are eligible to enroll in this program created to assist the people with payroll, rent, utilities, healthcare and a lot more. Furthermore, the good news is that SBA range is now expanded on some of their existing plans including the crucial
Economic Injury Disaster Loan program (EIDL)..
As the legislature, the state and the CDC proceed to limit the operational activities of individuals, Tribes decide how to better cope with employee needs and also satisfy safety and health standards of their community. In order to fund government support and activities, the tribe adapted to revenue shortcomings by investing in economic growth. Many of the tribes rely on company income transfers the same way they rely on tax revenue from local governments.
In these difficult times, Blue Arrow CPAs is committed to helping our customers and clients and we would like to guarantee you that you can rely together upon our continuing collaboration as we move through such an unknown world.
The federal government is currently finalizing the details and procedures for the implementation and implementation of the various programs and reliefs. As per the duty, Blue Arrow CPAs is tracking the guidelines closely and will promptly provide the customers with reliable details.
WHAT WE CAN DO:
Now is the time for all the documents to be organized in order to enforce them as soon as it becomes accessible. As standard procurement processes would have little time, it is important that specialist expertise is available on your side.