Text Us at (513) 728-1163

Answers Blog

Davis-Bacon Act vs. Trump's Looming Litmus Test

There is a lot of talk these days that the only proposal for which we are likely to see bipartisan support is President Trump’s promise to rebuild the nation’s infrastructure.  According to Trump’s website (www.donaldjtrump.com),  “Infrastructure investment strengthens our economic platform, makes America more competitive, creates millions of jobs, increases wages for American workers, and…

Federal Contractors’ Obligations With Prevailing Wage and Fringe Benefits

Unique compensation requirements apply to federal contractors. In the construction sector, the Davis Bacon Act (DBA) requires covered contractors and subcontractors to pay a specific prevailing wage and fringe dollars for each hour an employee works on a covered job site. The regulations are difficult to understand for the non-initiated. Luckily, Lind Sawyer of Capital…

Complying with Prevailing Wage Laws on Government Contracts

Doing business with the government can be lucrative, but it requires compliance with a litany of complex laws and regulations impacting your day-to-day business operations. Complying with federal prevailing wage law requirements is one of the biggest headaches for many government contractors. Two primary laws govern how much you are required to pay employees and…

Podcast: Implementing a DCAA Approved Accounting System

In this episode, Robert spoke with Michael LeJeune from RSM Federal about implementing a DCAA approved accounting system for government contracting. Robert does an excellent job of breaking down exactly what a DCAA approved accounting system looks like as well as what it takes to get your system approved. We think this episode will make…

Allowable Rental Costs

We often receive questions regarding the amount of allowable rental costs between related parties. Rental costs are normally allowable to the extent they are reasonable and allocable. In an effort to reduce operating costs, small business owners often purchase a building under a separate entity and lease it back to the government contracting entity at…

SF1408 Accounting System Review

Has your prime or contracting officer told you that you need an approved or adequate accounting system before your next award? What exactly is an approved or adequate accounting system? In the world of government contracting, most people think of DCAA-approved accounting systems. There are a few misnomers in that statement: DCAA does not approve…