Advisory
Reducing Capital Gains by Creative Use of SMLLCs and Installment Notes
A popular estate planning technique for estates facing the prospect of incurring federal estate tax has been for a grantor…
Upcoming GSA Refreshes Incorporate Kaspersky Ban and Update OLM Limitations
In November 2018, GSA will refresh its schedule solicitations to incorporate the recent Federal Acquisition Regulation (FAR) prohibition on the…
What’s Your Construction Company Worth?
It is important that you have a comprehensive understanding of the three primary methods used to estimate the fair market…
GSA Migrating All Sales Reporting to FAS Sales Reporting Portal
The General Services Administration (GSA) intends to migrate all Schedule contracts currently reporting sales in the 72A system over to…
Top Tax Mistakes Attorneys Make
Most attorneys work tirelessly to advance their careers and earn a particular salary. So, don’t let some common tax mistakes…
GSA Issues Mass Modification to Implement Order-Level Materials (OLMs) on Select Schedules
The General Services Administration (GSA) has begun a two-step process to incorporate Order-Level Materials (OLMs) into its Schedules program. GSA…
TINA & CAS Thresholds Increased to $2 Million
The Truth in Negotiation Act (TINA) currently requires offerors to certify that accurate, current and complete cost or pricing data…
Section 1202—A Powerful Tool: C-Corporation Shareholders Limit Tax Liability
Getting familiar with section 1202 also known as the qualified small business stock is a powerful tool for those looking…
Third Party Risk Management (TPRM)
A third-party vendor is an ancillary process—outside the control of your organization—which performs a function or provides a service; for…
ASC 606 Revenue Recognition Series: Identifying Performance Obligations in the Contract (Part III)
In our last article on revenue recognition, we discussed step one under ASC 606: Revenue from Contracts with Customers (“ASC…