PWCPA Blog
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....
What You Need to Know about the Business Mileage Rate for 2023
Contractors and business owners often do a great deal of driving for business purposes. Whether you’re meeting with potential clients, attending networking conventions, or visiting various worksites, it doesn’t take long to start racking up the miles—and, of course,...
Has Your Identity Been Stolen?
How do you know that you have been a victim of tax-related identity theft and your taxes have been compromised? The theft could include your stolen personal information and your Social Security number. The problem is you may not know that someone has actually stolen...
Things You Can Do Now to Reduce Your 2023 Tax Bill
The New Year has barely gotten started, and if you’re thinking about taxes at all, you’re likely focused on filing your 2022 tax return. While you should certainly be starting to gather those 2022 tax documents, it’s also a good idea to look ahead and think about how...
FY23 NDAA and the Provisions That Every Government Contractor Needs to Know
Two days before Christmas day, President Biden signed the National Defense Authorization Act (NDAA) for the 2023 fiscal year. The President has stated that "The Act provides vital benefits and enhances access to justice for military personnel and their families, and...