About Hannah Campbell

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So far Hannah Campbell has created 9 blog entries.

This Could Be a Good Time to Convert to a Roth IRA

If you're like many who are saving for retirement, the value of your retirement accounts has dropped considerably during 2022. It may be time to consider converting to a Roth IRA.

2022-11-17T16:34:02-05:00November 17, 2022|Categories: Retirement, Tax: Business, Tax: Individual|Tags: , |

Ways to Give Back: Alternatives to Establishing a Nonprofit

Individuals considering starting their own nonprofit may be underestimating the cost and complexity to operate a sustainable organization. There are alternatives, like working with an existing nonprofit, creating a donor-advised fund, and other options.

2022-11-15T14:28:18-05:00November 15, 2022|Categories: Not-for-Profit|Tags: , |

Increase in Social Security Wage Base, Wage Caps and Benefit Amounts Announced for 2023

The Social Security Administration recently announced their annual inflation changes to the Social Security wage base, annual wage cap, and benefit amounts that will be effective January 1, 2023. These 2023 inflation increases are the largest percentage increases since 1981 and the fourth-largest increase ever for the Social Security program.

2022-11-11T16:22:26-05:00November 11, 2022|Categories: Tax: Business, Tax: Individual|Tags: , |

Strategic Material Handling and Major Subcontracting Indirect Rates

Government regulation requires costs to be classified as either a direct cost or an indirect cost.  As we know, indirect costs, in the aggregate, represent the largest class of expense incurred on government contracts.  Direct costs, by definition, are identifiable with a specific “final cost objective” while indirect costs are associated with common or joint cost objectives.

2022-11-08T17:16:12-05:00November 8, 2022|Categories: Government Contracting|Tags: , |

Labor Recording! Are you ready for an audit?

Labor recording is the basis for the valuing and allocating the efforts of you and your employees and a critical process for government contractors who depend on it for their product and services costing (read billing/cash flow) and pricing.

2022-11-01T10:17:02-04:00November 1, 2022|Categories: Government Contracting|Tags: |

Section 163(j) and Its Impact on Commercial Real Estate

This article explains Section 163(j) and its implications on small businesses, real estate, and manufacturing, including how taxable income and interest expense are defined under Section 163(j), as well as which business activities fall under 163(j) guidance.

2021-05-13T15:33:35-04:00March 2, 2021|Categories: Construction and Real Estate|Tags: , |

List of COVID-Related Grants Triggering Single Audits

Funding received from state or local governments may have originated in the Cares Act and may only be pass-through funding. Thus, the entity may be subject to a single audit requirement. Here is a list of CARES Act- and COVID-19-related programs that could trigger a single audit.

Is Your Pricing Compliant with FAR?

The Federal Acquisition Regulations and the Cost Accounting Standards require consistency in estimating, accumulating and reporting costs.  In other words, the way you price your contracts must be consistent with the way you account for and report them.  There are two things you can do to help ensure compliance.

2021-03-08T10:56:56-05:00January 25, 2021|Categories: Government Contracting|Tags: , |
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