OMB proposes changes to Uniform Guidance
The Office of Management and Budget (OMB) has proposed changes to Uniform Guidance that will affect government contractors.
Navigating the New Seas of Cybersecurity: A Contractor’s Guide to the VA’s Latest Rules
In the ever-changing landscape of cybersecurity regulations, government contractors must be prepared to adapt and comply with the latest requirements to safeguard sensitive information.
Navigating Government Shutdowns in 2023: Essential Insights for Contractors
In this article, we will delve into the intricacies of government shutdowns, their direct implications on contractors, and equip you with practical strategies to effectively prepare for any future shutdown scenarios that might arise in 2023.
Don’t Get Hooked: A Guide to Phishing for Government Contractors
As a government contractor, you understand the importance of safeguarding sensitive information. But with the rise of email and online communication, cybercriminals are using phishing scams to trick unsuspecting employees into revealing confidential data.
Achieving Competitive Advantage Through ESG Practices in Government Contracting
If you're a small business owner, you may have come across the term ESG and wondered about its meaning. ESG stands for Environmental, Social, and Corporate Governance, which are important factors that investors use to evaluate companies of all scales.
Why the TikTok Ban on Contractor Devices is a Big Deal
The US has issued an executive order banning all federal contractors and employees from downloading or using TikTok on any device that is owned by the government, citing security concerns. This ban has sparked much debate about the future of the platform and what this means for users.
The critical role of SAM registration for federal contractors
Federal contractors must ensure they keep their SAM registration up to date. If a contractor's SAM profile expires, the government is no longer authorized to work with that contractor.
GILTI: An Overview
US citizens and tax residents who have formed — or are considering forming — a corporation in a foreign country may be impacted by global intangible low-taxed income (GILTI). The tax implications and considerations are complex. Understanding GILTI is important for making informed decisions for yourself and your business structure.
Understanding the Service Contract Act (SCA) for Government Contractors
As a government contractor, understanding your obligations under the Service Contract Act (SCA) is essential. In this blog post, we will provide you with an overview of the SCA, including its requirements and challenges when implementing the standard. We will also discuss how compliance can be achieved and the risks associated with noncompliance.
Recovering Your Indirect Costs Depends on Your Budgets
By Neena Shukla, CPA, CFE, CGMA, FCPA, CTP | If you have a responsible estimating system, you would typically anticipate recovering all of your direct costs. However, to ensure recovery of your Company’s indirect costs, requires a good budgeting process and established internal controls.