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...
As the year is drawing to a close, many new contract opportunities open up for government contractors. This end-of-year spending rush is quite common, as government agencies find ways to make use of excess funds in their yearly budgets. How can you get a piece of that...
QuickBooks is a popular accounting tool for small businesses, and it can be used while maintaining compliance with FAR and DCAA for government contracts. However, you do have to ensure that you’re utilizing QuickBooks properly if you want to maintain that compliance....
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...
