2021 was described as the worst year ever for the IRS. Several compounding problems, exacerbated by COVID-19, led to a historic backlog. Now, the agency is taking steps to improve service.
Should you accept government work if you are a technology firm? Yes, if you want to increase your revenue. Here are some tried-and-true tactics for winning government contracts that will help tech businesses succeed in the extremely competitive business world.
HITRUST was once considered by many small and medium-sized businesses to be out of reach due to an exorbitant price tag. But there are new cost-effective options companies can leverage to increase their transparency, integrity, and reliability.
The new normal for the global supply chain is anything but normal. We track the path through COVID, inflation, and in between and lay out possible solutions for companies to use moving forward.
Learn about service centers and cost allocation methods, specifically direct allocation and step allocation, that can help you understand the "true" cost of your products and services so you can price them for a profitable return.
Many not-for-profits are in the first year of implementing the new lease accounting standard and may need guidance on where to start. Below-market leases or donated space also give rise to another new accounting update to consider.
Managing a remote team as a government contractor can be difficult if not handled correctly; however, it is possible to make a successful transition from onsite to remote staff. Here are ten tips to get you started.
Individuals, businesses, and other entities can claim valuable tax credits through Virginia’s Neighborhood Assistance Program (NAP) to lower their state tax liability and make an impact on their local community. For organizations, the application window closes on July 1.
Private company adoption of the new lease accounting update, ASC 842, is well underway. The impact will be felt in areas other than the balance sheet, especially for businesses in commercial real estate and construction.
Many government contractors opt to use policies and procedures that they either find online or obtain from other sources. Herein lies the problem. How do you know that what is a compliant practice for one organization will result in a compliant practice for your organization?
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