Government contracting presents a world of potential for ambitious business owners seeking high-paying and consistent contract work. With federal and local governments serving as major buyers of goods and services, contractors who establish strong relationships and...
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...
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...
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...
Contracting for the federal government can open up many new work opportunities for your business. However, it does come with added responsibilities and compliance requirements. If you want to remain in good standing with the federal government and continue receiving...
Government contractors and all types of business owners have incredibly complex tax returns when compared to individuals whose sole source of income is recorded on a W-2. As a business owner and contractor, you likely receive a variety of income tax forms, including...
