PWCPA Blog

Running a small business in Dracut, MA, comes with its own unique challenges, and managing finances is often at the top of that list. One of the most critical aspects of financial health is budgeting and cash flow management. Properly managing your cash flow not only...

Running a business in Dracut, MA, means juggling multiple responsibilities—from managing daily operations to ensuring compliance with state and federal regulations. Payroll, while essential, can be a time-consuming task that pulls you away from focusing on what really...

For government contractors, audits are a routine part of doing business. Whether it's a Defense Contract Audit Agency (DCAA) review or a Federal Acquisition Regulation (FAR) compliance check, contractors must consistently demonstrate that their financial records and...

Participating in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs can open up tremendous opportunities for government contractors and small businesses. These programs provide crucial funding for research and...

As the world of government contracting becomes increasingly complex, contractors face growing challenges in staying compliant with evolving regulations such as FAR (Federal Acquisition Regulation) and DFARS (Defense Federal Acquisition Regulation Supplement). The...

When working with government contracts, understanding indirect cost rates is essential for any organization. Indirect costs, also known as overhead or facilities and administrative costs, are expenses that cannot be directly attributed to a specific project or...

Securing Small Business Administration (SBA) loans can be a critical financial step for government contractors looking to expand operations, invest in new technology, or improve cash flow. However, the application process for SBA loans can be complex, with stringent...

For government contractors, Research and Development (R&D) tax credits can be a game-changer. These credits reward innovation and offer substantial tax savings for businesses engaged in qualified R&D activities. However, many contractors miss out on these...

Government contractors face a unique set of financial challenges, especially when it comes to managing indirect costs. Indirect costs—such as utilities, administrative support, and rent—can easily eat away at your profits if not properly allocated and monitored. For...