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Working Capital & Liabilities

by | Mar 1, 2022 | Small Biz Accounting

Working capital is the difference between a company’s current assets and its current liabilities.  Current assets include cash, inventory, receivables, and other assets which are expected to be turned into cash within one (1) year. Current liabilities include accounts...

Indirect Costs and Billing Rates

by | Feb 4, 2019 | Government Contract Accounting

Indirect Costs and Billing Rates For government contractors there is a considerable amount of emphasis on indirect costs. The Federal Acquisition Regulations (FAR) provides the parameters for grouping these costs. Per FAR 31.203(c), “logical cost groupings” are for...

How Can the HUBZone Help?

by | Jul 1, 2018 | Government Contract Accounting

How Can the HUBZone Help? The world of government contracting can be a difficult world to establish a new business, especially a small business. This has been addressed through the ‘Small Business Reauthorization Act of 1997’.  As a result, the Small Business...

Allowable Travel Costs

by | Feb 1, 2018 | Government Contract Accounting

Allowable Travel Costs Federal Acquisition Regulations (FAR) If a government contractor incurs business travel costs, then all the costs should be fully allowable, right? Not necessarily, the Defense Contract Audit Agency (DCAA) provides guidance on allowable travel...