The Ins and Outs of Government Contracting What is Government Contracting? Government contracting refers to the process through which the government procures goods, services, or projects from private sector businesses. It allows the government to obtain the necessary resources to…
Read MoreFinancial Ratios
Financial Ratios As a business owner financial data is something you have become all too familiar with. Every month you take the necessary steps to ensure your financial data is current and accurate. First, you enter the data entry into…
Read MoreAre CPA’s Solely Tax Gurus?
Are CPA’s Solely Tax Gurus? Certified Public Accountants (CPA) are highly trained people, specializing in accounting. They took the time to earn a professional designation by meeting several requirements. The conditions they met include passing the CPA exam, their level…
Read MoreHow Accounting Plays a Role in Strategic Planning
How Accounting Plays a Role in Strategic Planning As the business world changes, so too must the accountant’s role. Accounting plays a crucial role in strategic planning as it helps organizations make informed decisions based on financial data and insights….
Read MoreWho Needs an Incurred Cost Submission?
Who Needs an Incurred Cost Submission? It is a few weeks into the new year, and you finally feel like you can breathe again. Your business’ financial statements are done, and your taxes are in progress. For the foreseeable future,…
Read MoreAre Employee Gifts Taxable?
Are Employee Gifts Taxable? As a business owner, giving employees gifts and other fringe benefits is something that you are familiar with. Every year you may like to give holiday bonuses or give a gift to each employee on their…
Read MoreEmployee Retention Credit
Employee Retention Credit Over the last few years, the COVID-19 pandemic did not discriminate against the businesses it has affected. Whether large or small, businesses were forced to reduce their operations. In some cases, they had to shut down completely….
Read MoreKey Performance Indicators
Key Performance Indicators Key performance indicators (KPIs) are performance measurements that determine how well a business is achieving its objectives. KPIs evaluate the success of a business and they often differ amongst industries. They help to determine a business’ strategic,…
Read More8(a) Business Development Program
8(a) Business Development Program As a government contractor, the road to success is not always easy, but is well worth it. The industry offers opportunities for growth to businesses of any size. As a small business though, there are programs…
Read MoreAdvertising & Public Relations Costs
Advertising and Public Relations Costs The investment in advertising and public relations costs is one many business owners are willing to make. These costs often provide a return on investment, ultimately helping to grow your business. As a government contractor…
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