January Tips for GovCon Success in 2024
Tips for Navigating the GovCon Galaxy in 2024:
Whether you’re a Jedi or a Starfleet captain, we invite you to explore the vast universe of our GovCon blogs and discover the insights that await you. May the force be with you, and may your procurement endeavors be prosperous! These ARE the blogs you are looking for (can be read in under 12 parsecs):
Navigating Tax Compliance for Federal Government Contractors: Important Dates, FAQs, and Required Documentation As a federal government contractor, you are accustomed to operating in a complex and highly regulated environment. What you may not appreciate is that something as mundane as tax compliance is as integral a part of your business landscape as the FAR. Tax regulations and reporting requirements unique to the GovCon industry make navigating the tax landscape particularly challenging. In this blog post, our goal is to provide you with an overview of the landscape, key dates, and a comprehensive guide to the documentation you’ll need to have at the ready for planning and to easily meet filing deadlines. Read More
General Services Administration MAS Refresh #19 The General Services Administration released Refresh #19 accompanied by a mass modification to incorporate modifications to the overall solicitation, as well as changes specific to certain Large Categories and Special Item Numbers (SINs), which apply uniformly to all existing schedule holders offering products and services. Alongside the updates applicable to the overall solicitation, there are notable changes concerning minimum sales requirement, an introduction of a Cyber-Supply Chain Risk Assessment and changes to the Price Proposal Templates (PPTs). Read More
GovCon Year-End Checklist Closing out the year entails wrapping up billing your customers, as well as recording and paying vendor invoices. The goal is to get good cut-off for revenues and expenses to ensure the accuracy of net income on your P&L. This feeds into calculating your actual indirect rates for the year to see how close you were to your forecasted rates. For your cost-type work, it also means determining whether you owe money back to the government (for under-running rates) or whether the government owes you (for actuals in excess of target rates). As you can see, there’s a lot going on. Here’s what you can do to prepare for 2024. Read More
12 Things to Know Before Selling Your Business
Thinking about selling your company? Make sure to check out 12 Things to Know Before Selling Your Business by Sharon B. Heaton of sbLiftOff. Sharon Heaton has embarked on a national mission to educate business owners about how to sell their company. Distilling the top 12 lessons she has learned over years of practice, Heaton can help you understand how outsiders will value your company, how to protect your confidentiality, and – perhaps most important – how to prepare yourself both emotionally and financially for the sale of a lifetime.
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