Accounting & CPA Blogs

FAQs about DCAA-Compliant Time Tracking

FAQs about DCAA-Compliant Time Tracking

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...
Benefits of Tax Planning for Your Business

Benefits of Tax Planning for Your Business

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...
Identifying Unallowable Costs on a Government Contract

Identifying Unallowable Costs on a Government Contract

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...