Managing your personal finances and tax returns may differ from your business’s needs. Bookkeeping and tax benefits require specialized attention. We’ve already discussed why you should have professional accounting services for your government contracting...
Selecting a corporate structure is crucial when establishing your business. Understand how each structure impacts taxation, aiding in informed decisions. Corporations Most types of corporations, including C corps, are taxed similarly as separate tax-paying entities by...
Starting up your own business requires a lot more than just coming up with a product and service to sell. Establishing and building up your business involves a lot of small details that you have to take care of as a new business owner. One of those things you have to...
If you intend to contract for any government agency, you should expect to face many DCAA audits during the course of your career. Unlike IRS audits, which usually only occur when something in your records is called into question, DCAA audits occur virtually every time...
All businesses must have some form of accounting. For some small companies, business owners are comfortable maintaining their own books. For others, an in-house accounting department handles the finances. But for government contractors, a professional accountant that...
