PWCPA Blog
Biden Administration and His Call for Federal Contractors to Get Vaccinated
Washington, September 9 - President Joe Biden calls it the "Pandemic of the Unvaccinated." mentioning that "We've been patient but our patience is wearing thin." It's the next step of the current administration's efforts to get the nation vaccinated, and it's a very...
5 Reasons Government Contractors Need Professional Accounting Services
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...
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...
What to Expect from an IRS Audit
Simply hearing the word “audit” can be enough to put a knot in the pit of your stomach. But the good news is, an audit from the IRS probably won’t be nearly as difficult as you think it will be. In fact, if you’re a government contractor, you’ve probably dealt with...
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...
