Does your business work with the U.S. government, or are you considering diving into that pool? Here’s a four-letter acronym you need to know — DCAA. It stands for the Defense Contract Audit Agency, and while it may not be the flashiest part of government contracting, it’s the one you ignore at your peril. Ensuring […]
On January 20, 2025, The White House issued an executive order requiring all department and agency heads in the executive branches of government to terminate remote work arrangements and require employees to return to work in-person at their respective duty stations on a full-time basis. Department and agency heads have some level of discretion when […]
The Defense Contract Audit Agency (DCAA) enforces strict guidelines to ensure accurate time tracking and proper resource allocation. Maintaining compliance with DCAA timekeeping requirements is fundamental for government contractors that want to secure and retain federal contracts. Understanding and implementing these requirements helps your company pass audits and improves operational efficiency, strengthening your position for […]
Data—it’s the soul of any project-based accounting system. The question is always, when we upgrade our company’s system, how much historical data should we bring into it? The initial reaction from most clients is, can we bring it all in (total company history)? We understand the desire to have all of your company’s history in […]
The short answer is as few as possible. Generally, one to three team members is all that is needed for configuration meetings. The reason is simple – too many team members create unnecessary complexity, ambiguity and chaos in the process. The key to effectively managing time and budget is to control the process. Having too […]
Considering upgrading your software or Implementing an ERP system? What to know before you take the leap: While implementations can be stressful and taxing on your team, they don’t have to be. If you want to save time, effort and money – here are a few tips: Know your current state. (Business processes, software/tools, other resources) […]
Let’s face it, if you have employees, it’s only a matter of time before you have employee relations issues. And handling employee issues can be complicated, draining, and time-consuming, especially when it comes to investigating the situation. It may be time to bring in a third party to help handle these issues, and here’s why: […]
Consider two companies, each with comparable, average employee turnover rates for their industries. An executive team discussion at Company A goes something like this, “We’re not going to invest too much into talent development. We’ll just be setting ourselves up for our competitors to steal our best people after we invested our money in them. […]
As a government contractor, you must learn the applicable regulations and comply with them strictly. One such regulation is the Cost Accounting Standards (CAS), which generally applies to contracts exceeding a specified dollar amount. The requirements are complex, so we have prepared this guide to help. You will learn the cost accounting standards thresholds and […]
Government contractors usually bill incurred costs using estimated or provisional indirect rates. Once the fiscal year closes, they determine the actual costs incurred, meaning they can now calculate the final indirect rates. Incurred cost submission (ICS) or incurred cost proposal (ICP) allows contractors to calculate refunds due when they bill less than the actual indirect […]
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