PWCPA Blog
Mastering the Art of Government Contracting: Winning Strategies for Bid & Proposal Management
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. Understanding 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,...
What to Do If You’re Not Ready for the Tax Deadline
Most people don’t intend to fall behind on their taxes. It often happens when the tax deadline sneaks up on them, and far too soon, they find themselves scrambling to not only pay their tax debt, but the compounding fees and interest as well. This can cause the debt...
Unlocking Success in Government Contracting: Tips for Breaking In
Breaking into the world of federal contracting may seem daunting, but with the right approach and guidance, it is an attainable goal. As specialized accountants working with government contractors, we understand the dedication and effort required to secure that first...
Unraveling Unallowable Costs for Government Contracts
Allowable costs are expenses that the government deems necessary, reasonable, and directly related to the contract. In contrast, unallowable costs are expenses that cannot be reimbursed or included in the cost base of a government contract. Negative consequences can...
FY23 NDAA: Inflation Relief for DoD Contractors
Understanding the provisions mentioned in the FY 2023 NDAA is essential for small and large government contractors to benefit from contracting opportunities and uphold compliant systems. President Biden signed the FY23 NDAA into law in December 2022, providing $816.7...
Unleashing Opportunities in Government Contracting: A Pathway to Lucrative Contracts and Streamlined Accounting Compliance
Government contracting presents a world of potential for ambitious business owners seeking high-paying and consistent contract work. With federal and local governments serving as major buyers of goods and services, contractors who establish strong relationships and...
Important Update: Accelerated Payments for Small Business Contractors & Subcontractors
On February 14, 2023, the Department of Defense (DoD), the General Services Administration (GSA), and the National Aeronautics and Space Administration (NASA) issued a final rule to amend the Federal Acquisition Regulation (FAR) to provide for accelerated payments to...