Accounting & CPA Blogs

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...
FY23 NDAA: Inflation Relief for DoD Contractors

FY23 NDAA: Inflation Relief for DoD Contractors

Understanding the provisions mentioned in the FY 2023 NDAA is essential for small and large government contractors to benefit from contracting opportunities and uphold compliant systems. President Biden signed the FY23 NDAA into law in December 2022, providing $816.7...