Government Contracting
Keep Your GSA eBuy Quote Out of the Trash
GSA’s eBuy is a Request for Quote (RFQ)/Request for Information (RFI) system designed to allow government buyers to request information,…
Small Business Subcontractors to Receive Accelerated Payments
The Office of Management and Budget Memorandum M-12-16, dated July 11, 2012, required agencies to accelerate payments to prime contractors…
Tool Reimbursement Plans – Considerations for Contractors
Tool reimbursement plans are typically seen in service contractors, home builders, or other businesses that require employees to use and…
Government Contractors’ Accounting System Risks and Internal Controls
Allowing unauthorized access into your accounting system could lead to a manipulation of your accounting data or even fraud. Unauthorized…
Proposed Lease Accounting Changes May Negatively Impact Financial Ratios of Government Contractors
Government contractors should be sensitive to the changes that are happening with leases as these changes will increase the complexity…
Recent DCAA Guidance (MRD) Part 2: New DCAA Audit Guidance on the Business Systems Rule
On March 28, 2012 the Defense Contract Audit Agency (DCAA) issued Memorandum for Regional Directors (MRD) related to revising audit…
NIH/USAID Contractors Feel the Impact of Contractor Employee Salary Caps
The National Institutes of Health has lowered the salary cap for government contractor employees from $199,700 to $179,700 for contracts…
Final FAPIIS Rule Adds Protection for Contractors
The final regulations implementing the Federal Awardee Performance and Integrity Information System (FAPIIS) has now been issued. FAPIIS is a…
Cost Accounting Standards Pension Harmonization
Cost Accounting Standard (“CAS”) 412, Composition and Measurement of Pension Cost and CAS 413, Adjustment and Allocation of Pension Cost,…
HUBZone Concerns Lose Program Eligibility As Many Qualified HUBZone Areas Expire
In October 2011, the Census Bureau released data from the 2010 Decennial Census that may immediately impact the HUBZone eligibility…