PWCPA Blog
Understanding How Potential Tax Law Changes Could Impact You
Tax laws change almost every year. However, most people hardly notice the change, and the impact on their taxes are minimal. If you want to be more proactive about planning for your taxes so that you can save more with each return, we encourage you to stay aware of...
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
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...
Navigating the Audit Process as a Government Contractor
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...
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...
What Is the DCAA’s Checklist for Government Contractor Audits?
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,...
Winning Strategies for Bid & Proposal Management in Government Contracts
The bidding process for government contracts is often complex, requiring companies to navigate a myriad of regulations, documentation, and deadlines. Here, we'll share insights and strategies to help you secure that coveted government contract. 1. Understand the...
Massachusetts Offers $75 Million in Grants to Support Small Businesses Negatively Impacted by the COVID-19 Pandemic
Don't Miss Out on this Grant Opportunity from Massachusetts Growth Capital Corporation If your small business has been negatively impacted by the COVID-19 pandemic, we have some good news to share with you. The Commonwealth of Massachusetts has made $75 million in...
Prepare for the Upcoming Tax Season with Expert Accountant Assistance
As the tax season rapidly approaches, we know that navigating the complexities of tax preparation can be both stressful and time-consuming. Let’s discuss the benefits of engaging a professional accountant to help you with your tax needs and ensure a smooth, efficient,...