Ensure your accounting practices are ready for a contract audit With the US Government spending billions of dollars on contracted expenditures, such as DCAA assessed defense contract with businesses, audits by government entities are commonplace to justify those expenditures. It…
Read MoreWhat’s Going on with GSA Schedule Contracts?
Some of the Latest on GSA & VA Schedule Contracts GSA manages forty different schedules including ones specific to the Veteran Administration (VA) as well as a few that allow purchases from multiple schedules at once. Both the GSA and…
Read MoreHUBZone Program
What is the HUBZone? The Historically Underutilized Business Zones (HUBZone) is a program offered by the Small Business Administration (SBA). The HUBZone is the result of the ‘Small Business Reauthorization Act of 1997’ [1] and its purpose is to help…
Read More8(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 purpose of…
Read MoreWhere Does My QuickBooks Data Go?
Where Does My QuickBooks Data Go? Do you really know how your QuickBooks data entry processes affect your financial information and reports? QuickBooks transactions are not static images. The correct set up of the customer names, service items, and payroll…
Read MoreDCAA 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…
Read MoreSenior Executive Compensation Benchmark
FAR Proposed Rule: Senior Executive Compensation Benchmark applicable to all contractor employees effective January 1, 2012 (certain agencies) In this proposed rule, DoD, GSA, and NASA are proposing to amend FAR 31.205-6(p) to require that the compensation costs incurred after…
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