One of the biggest issues in Government Contract Accounting is the identification and segregation of costs. It’s a make or break separation that is at the core of Government Contracting. These are fairly simple but can get rather confusing and must be as natural to...
Back in the ’50s, each branch of the military handled its own contracts and its own accounting. This was a veritable mess as the country went through a lot of wars at this time. We needed one agency to provide standardized audits for the Department of Defense....
Welcome to the mountain of Government Contracting, we are glad you made the decision to climb up these steep slopes. You’ll be trekking on a path only for the strong, the brave, and the immensely dedicated. Did you bring your hiking gear? Before you go on any...
Tell me if these ring a bell– the Colonial Pipeline breach, the cyberattack on Scripps Health, the ransomware that hit JBL Foods, even McDonalds, Microsoft Exchange, and the Facebook data leaks. These all happened just this year. The pandemic has seen a rise in...
Despite the popularity of e-marketing, direct mail still works for many companies. How well it works depends on a number of variables. It’s a game of percentages. Here are six tips to help improve your company’s odds: Direct is the operative word. A key...
Thanks to changes included in the Tax Cuts and Job Acts (TCJA), many more businesses can now use the simpler and more-flexible cash method of accounting for federal income tax purposes. The new law also includes some other tax accounting changes that are good news for...
