State of the Supply Chain in 2022
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.
Service Centers – A Multi-Purpose Management and Allocation Tool
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.
Not-for-Profit Accounting Update: Lease Accounting and Donated Assets (Contributed Nonfinancial Assets)
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.
Tips for Effective Remote Team Management for Government Contractors
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.
Neighborhood Assistance Program FAQs
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.
The Impact of ASC 842 on Commercial Real Estate
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.
Policies and Procedures – Store Bought Pitfalls for Government Contractors
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?
Whitepaper | Succession Planning for Nonprofits
Developing future leaders and mapping out a succession plan in advance is one of the best ways to mitigate the risk of losing key personnel and prepare for the future needs and growth of an organization. This video offers tips and best practices for creating and implementing a succession plan for your nonprofit.
Civil Cyber-Fraud Initiative Will Crack Down on Government Contractors
The DOJ's Civil Cyber-Fraud Initiative will target government contractors and grant recipients' security procedures in order to limit future cybersecurity problems. In this article, we review what you should know about the new civil cyber-fraud initiative, what might lead to infractions, and how to avoid hefty fines.
Not-for-Profit Investment Policy Statements: Benchmarking Best Practices
Investment Policy Statements dictate how a nonprofit’s investment program operates. How is performance measured? Learning how to benchmark and measure success and organize the investment committee helps to ensure investment committee members satisfy their fiduciary duties.