The retirement age has been steadily increasing since 1935, when Congress set it at 65. Currently, it stands at 67 and is projected to continue rising as the Baby Boomer generation reaches retirement. What does this mean for individuals planning to retire and collect...
Getting started in Government Contracting is not easy. Aside from the massive difference from a private business, there are the rules of compliance that companies need to abide by to the letter in order to start, keep working on, and finish a government contract. Not...
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...
Almost every year brings with it a few tax law changes; it’s one of the things that makes tax law so complicated, and can make it so difficult to file your taxes on your own. While there were certainly plenty of changes for this tax year, here are the major highlights...
Quickbooks is an incredibly popular accounting tool for small-business owners. It’s affordable, user friendly, easy to learn, and provides all of the functionalities that most businesses would need. But government contractors have much more specialized accounting...
In order to work on government contracts, your accounting system must measure up to the Cost Accounting Standards (CAS) of Federal Acquisition Regulation (FAR). These regulations often differ from basic accounting methods, and it’s important you’re using an accounting...
