PWCPA Blog
What Government Contractors Should Expect from a DCAA Audit
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...
The Top Benefits of Outsourcing Your Accounting Services
Every business has at least some basic accounting needs. If you have a professional income and spend money to keep your business running, it’s important that you’re properly maintaining your books and keeping up with all of your financial records. While some...
Direct and Indirect Costs in Government Contract Accounting
One of the biggest issues in Government Contract Accounting is the identification and segregation of costs. It’s a make or break separation that is at the core of Government Contracting. These are fairly simple but can get rather confusing and must be as natural to...
What is the DCAA? How do I comply with DCAA?
Back in the '50s, each branch of the military handled its own contracts and its own accounting. This was a veritable mess as the country went through a lot of wars at this time. We needed one agency to provide standardized audits for the Department of Defense. The...
Is Now the Right Time to Start a Business?
Today's situation, the #Covid19 virus, the "New Normal", the lockdowns, we are all going through it. Regardless of who, what, or where you are, it has affected life to a degree we have not seen since the days of the Spanish Flu. In the world of business and economics,...
4 Qualities Your Government Contract Accountant Should Have
No 2 snowflakes are ever the same. The person who proved that took 5,000 pictures of snowflakes. He was looking on the outside. Today's science tells us that there is an element in the air that makes his statement a fact. These scientists were looking from the inside....
6 Common Accounting Obstacles for Government Contractors
Welcome to the mountain of Government Contracting, we are glad you made the decision to climb up these steep slopes. You'll be trekking on a path only for the strong, the brave, and the immensely dedicated. Did you bring your hiking gear? Before you go on any further...
The Importance of Cross-Training for Small Business
It was a Monday, a customer you have turns out to be a mystery shopper, who turns out to be an investor impressed with your shop. He quickly asks for a presentation but your PowerPoint guy was out with a cold! It was a Tuesday, you need multiple hard copies of a...
Don’t lose that DoD contract! Let’s get you DFARS 252.204-7012 and NIST SP 800-171 Compliant.
Tell me if these ring a bell-- the Colonial Pipeline breach, the cyberattack on Scripps Health, the ransomware that hit JBL Foods, even McDonalds, Microsoft Exchange, and the Facebook data leaks. These all happened just this year. The pandemic has seen a rise in...
