Advisory
GSA Tools to Help You Succeed with Your New GSA Schedule Contract!
GSA is investing in providing training tools to GSA Schedule contractors to better prepare new vendors for successful business partnerships…
New Acronym Alert: PCC (Private Company Council) established to define GAAP for private companies
On May 23, the Financial Accounting Foundation (FAF) voted to create the Private Company Council (PCC), whose main purpose will…
What the (bleep) does Escheat mean? (what you need to know about unclaimed property)
Escheat is defined as a state’s rights to claim the title for unclaimed property. Before you dismiss this as N/A…
Good Reasons to Scrutinize Expense Reimbursements
Accounting Today has a slide-show of the most unusual items submitted on employee expense reports. The cojones of people to…
GAO Report on DCAA Access to Company Internal Audit Reports
The Government Accountability Office (“GAO”) released a report on December 8, 2011 titled “DEFENSE CONTRACT AUDITS: Actions Needed to Improve…
UPDATED: New SCA Wage Determinations Incorporated into Several Major GSA Schedules
UPDATE (2/25/11): Since this post was originally published, additional GSA solicitation refreshes have been released incorporating new SCA wage determinations…
Updated FASB Guidance for Revenue Arrangements That Include Software Elements
Does your business sell a product that includes a software component that is essential to the product’s overall functionality? If…
GSA eMod – Rapid Action Modification (RAM)
On November 16, 2009, GSA introduced a new way to expedite administrative and deletion modifications via the eMod system, the…
VA and GSA Contracts and H1N1 – Are You “Disaster Recovery” Ready?
On October 24, 2009, President Barack Obama declared the H1N1 “swine” flu outbreak a national emergency. As a result of…
Exercising Caution in Valuing Motor Vehicle Donations
The IRS has wizened up to the potential for fraudulent reporting in the reported values of donated vehicles. The IRS…