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8(a) Revenue

Why participation in the 8(a) program may be right for your business…             The government has many programs to help socially and economically disadvantaged business owners.  One specific area, is called the 8(a) Business Development Program(8(a) Program).  The...

IRS Final Regs on Expensing Property

Final changes which will be effective January 1, 2014, have been made to the IRS’ temporary 2011 de minis expensing (cap policy). Now is the time to begin reading up on how these changes will affect your company (here on called taxpayer). Here are some changes...

DCAA Compliance Checklist

This is the typical process that federal contractors adhere to in order to become and remain DCAA compliant. 1. Complete the Pre-award Survey of Prospective Contractor Accounting System Checklist. a. This survey is a checklist of the DCAA requirements of contractor’s...

Very Important QuickBooks Lists

In QuickBooks, there are three very important LISTS that provide the framework for all of your transactions.  When encountering account coding difficulties within the QuickBooks transactions, you should refer to your lists for an understanding of your basic accounting...