Many business owners consider their bookkeeping and tax preparation to be separate issues that require separate professionals to complete. While it’s true that there are financial professional who specialize in each of these areas individually, it’s often better to...
If you’re a government contractor, proper cost allocation is absolutely essential to receiving and retaining government contracts. Failure to properly allocate your costs can result in you losing your ability to contract with the government at all in the future, and...
Recent decisions made by the Government Accountability Office (GAO) and the US Small Business Administration’s (SBA) Office of Hearings and Appeals (OHA) may affect how your corporate transactions influence your eligibility for a government contract you’ve recently...
In a recent development in the field of government contracting, a group of freight carriers contracting with the US Department of Defense (DoD) has agreed to pay $6.85 million after deliberately overcharging the DoD for seven years. While this is obviously a very...
Even if you’ve been in the contracting business for some time, submitting your first proposal for a government contract is a different kind of challenge. There are very strict requirements for your proposal, and if you don’t meet them, it will be very quickly...
Government contract accounting comes with a significant number of ever-changing Defense Contract Audit Agency (DCAA) and Federal Acquisition Regulation (FAR) rules and regulations. Complying with such a dynamic and extensive set of complex rules can be difficult to...
