Accounting & CPA Blogs

FAQs about DCAA-Compliant Time Tracking

FAQs about DCAA-Compliant Time Tracking

In order to qualify to participate in the federally funded STTR, SBIR, 8a, and SBA programs, small businesses must comply with certain rules and regulations. Failure to comply with proper regulations can result in your company’s removal from these programs and can...
Identifying Unallowable Costs on a Government Contract

Identifying Unallowable Costs on a Government Contract

For contractors, receiving a government contract can be a lucrative opportunity and a source of steady revenue for the future, since many government agencies will often elect to work with the same contractor many times. However, there are strict rules and regulations...
Unraveling Unallowable Costs for Government Contracts

Unraveling Unallowable Costs for Government Contracts

Allowable costs are expenses that the government deems necessary, reasonable, and directly related to the contract. In contrast, unallowable costs are expenses that cannot be reimbursed or included in the cost base of a government contract. Negative consequences can...