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16 Jan: Difference Between Overhead and G&A

You have identified Direct and Indirect Costs, but wait, there’s more—the Difference between Overhead and General & Administrative (G&A) Expenses. …

16 Jan: Handling DCAA Adequacy Rejection of Incurred Cost Proposal

DCAA Rejection  Nobody enjoys being rejected, and when DCAA sends a rejection notice deeming your Incurred Cost Proposal (aka Incurred…

22 Dec: Uncompensated Overtime

What is Uncompensated Overtime? The technical term is “Total Time Accounting,” as defined in DCAA’s Information for Contractors section (4)(b)(5)….

01 Dec: What Is Labor Distribution?

The task of labor distribution involves accurately recording time-keeping records and distributing the payroll dollars appropriately between cost pools. Unfortunately,…

30 Nov: VETS 4212

For years, businesses have been required to annually file the Veterans’ Employment and Training Service (VETS)-100 report, but as of…

18 Nov: Can you make me a list of unallowable costs?

The definition of an unallowable cost for a Federal Government contractor is an incurred expense that the Federal government will…

12 Nov: Benefits of Managing Indirect Rates

What do we mean by “managing” indirect rates? We mean that you need to monitor your actual rates against your…

10 Nov: Did Your NAICS Code Change?

The North American Industry Classification System (NAICS) is a common industry classification system used by the United States, Canada and…

04 Nov: Revenue Recognition for Government Contractors

The concept of revenue recognition is fairly simple; we ask, “when was the revenue earned?” The difficulty comes when we…

21 Oct: Changing Indirect Rate Structures to Improve Competitiveness & Profitability

Most small business government contractors start with a simple indirect rate structure consisting of one fringe, one overhead, and G&A….

14 Oct: CMMC Expenses: Direct or Indirect?

We’re often asked how to treat Cybersecurity Maturity Model Certification (CMMC) compliance costs. More accurately, we’re often asked “Can we…