PWCPA Blog
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...
Let’s Talk About CUI Compliance: What Every Contractor Needs to Know
In today's digital age, cybersecurity is of utmost importance, particularly for those who do business with the government. As a government contractor within the Defense Industrial Base (DIB) or someone who handles CUI, you must comply with the regulations and clauses...
Signs That It’s Time to Outsource Your Business’s Bookkeeping
When you’re just starting out with building your business, it’s not uncommon to manage your own accounts. After all, when you’re the only employee, you only have a handful of clients paying you each month, and you only have one account to keep track of, bookkeeping...
Important Compliance Tips for First-Time Government Contractors
If you run a contract-based business, breaking into the field of government contracting can be a lucrative source of new income that can really help your business grow and thrive. However, government contracting also comes with a great deal of compliance requirements...
Stay Compliant: Critical Strategies for Audit-readiness
Government contracts can provide great financial benefits for businesses of all sizes, but they come with a significant level of oversight and regulations that must be adhered to. One of the most critical aspects of government contracting is ensuring audit readiness....
Maximize Success as a Small Business through Networking
As a small business owner in the government contracting landscape, you already know that competition is fierce, and the stakes are high. But did you know that building strong relationships and networking can give you a competitive edge and set you up for long-term...
Top Signs Your Accounting Practices Aren’t FAR and CAS Compliant
The federal government has extremely strict compliance requirements for government contractors, from confidentiality agreements to detailed requirements for your accounting practices. Those accounting requirements are detailed through the Cost Accounting Standards...
Mastering the Path to Government Contracting Success: 10 Steps to Excel
The world of government contracting offers abundant opportunities for small businesses to thrive. However, navigating its complexities can be challenging. To help you achieve success, I've compiled ten essential steps to guide you on your journey. Assess your...
The New Minimum Wage Changes Take Effect
Great news, my colleagues in the Government contracting world. The Department of Labor has announced that starting on the 1st of January, 2023, the minimum wage rate for employees working on or in connection with federal contracts will increase to $16.20 per hour....