The retirement age has been increasing since 1935 when it was set by Congress at 65. It is currently 67 years old and is likely to continue rising as the Baby Boomer generation begins to retire. What does this mean for individuals planning to retire and collect Social...
Getting started in Government Contracting is not easy. Aside from the massive difference from a private business, there are the rules of compliance that companies need to abide by to the letter in order to start, keep working on, and finish a government contract. Not...
Government Contract Accounting and 7 Top Practices for Time and Time Reporting Time and time reporting is one of the main ways that government contractors get their revenue and profits. Making a mistake with time and time reporting may have negative effects on their...
A Look at How to Provide Rates for Government Contracts Your COA, or Chart of accounts, is your company’s financial blueprint– containing all your financial transactions in a given year, broken down into meaningful categories. It helps you organize...
What is common to every business when starting up? A plan. All businesses start out with one. Where to place the office, what equipment to buy, sales/service strategy, and of course– a budget plan. Your business budget is: The state of your current finances...
