In order to qualify to participate in the federally funded STTR, SBIR, 8a, and SBA programs, small businesses must comply with certain rules and regulations. Failure to comply with proper regulations can result in your company’s removal from these programs and can...
Many companies take a reactive approach to taxes: You fill out your return, pay what you owe (or collect your refund), then do the same thing again next year. However, this passive strategy can actually cost you thousands more in taxes over the years. That’s why we...
As a government contractor, the audit process can be daunting and confusing; unfortunately, is also an inevitability, and it’s imperative that you’re prepared to face these audits on a regular basis. Understanding the audit process and preparing for it can help your...
For contractors, receiving a government contract can be a lucrative opportunity and a source of steady revenue for the future, since many government agencies will often elect to work with the same contractor many times. However, there are strict rules and regulations...
DCAA audits are standard procedure for anyone who contracts with the federal or local governments. Unlike tax audits and some other types of audits, a DCAA audit is not triggered when an error is detected or when the contractor is suspected of wrongdoing; rather,...
