PWCPA Blog
Major Tax Deductions and Credits that Many People Miss
Tax deductions and credits can make a big difference in how much you owe on your tax return—and that’s true for individuals and businesses alike. However, too many people are unaware of all of the deductions and credits they qualify for, and they end up missing out on...
Home Loan Approval Essentials for Government Contractors
Buying a home marks a significant milestone, but navigating the mortgage approval process can be both thrilling and nerve-wracking. To ensure a smooth journey towards homeownership, having the right documents in place is paramount. Proof of Income: Lenders scrutinize...
Consolidated Accountant: Bookkeeping and Tax Benefits
Managing your personal finances and tax returns may differ from your business's needs. Bookkeeping and tax benefits require specialized attention. We’ve already discussed why you should have professional accounting services for your government contracting business;...
How Your Business’s Corporate Structure Impacts Your Taxes
Selecting a corporate structure is crucial when establishing your business. Understand how each structure impacts taxation, aiding in informed decisions. Corporations Most types of corporations, including C corps, are taxed similarly as separate tax-paying entities by...
Important Tax Advice for New Business Owners
Starting up your own business requires a lot more than just coming up with a product and service to sell. Establishing and building up your business involves a lot of small details that you have to take care of as a new business owner. One of those things you have to...
What Government Contractors Should Expect from a DCAA Audit
If you intend to contract for any government agency, you should expect to face many DCAA audits during the course of your career. Unlike IRS audits, which usually only occur when something in your records is called into question, DCAA audits occur virtually every time...
Biden Administration and His Call for Federal Contractors to Get Vaccinated
Washington, September 9 - President Joe Biden calls it the "Pandemic of the Unvaccinated." mentioning that "We've been patient but our patience is wearing thin." It's the next step of the current administration's efforts to get the nation vaccinated, and it's a very...
5 Reasons Government Contractors Need Professional Accounting Services
All businesses must have some form of accounting. For some small companies, business owners are comfortable maintaining their own books. For others, an in-house accounting department handles the finances. But for government contractors, a professional accountant that...
The Top Benefits of Outsourcing Your Accounting Services
Every business has at least some basic accounting needs. If you have a professional income and spend money to keep your business running, it’s important that you’re properly maintaining your books and keeping up with all of your financial records. While some...