VETS 4212
For years, businesses have been required to annually file the Veterans’ Employment and Training Service (VETS)-100 report, but as of now, the VETS-100 is no longer required. A final ruling [...]
The definition of an unallowable cost for a Federal Government contractor is an incurred expense that the Federal government will not reimburse. That does not mean a contractor is not [...]
What do we mean by “managing” indirect rates? We mean that you need to monitor your actual rates against your budgeted rates so that your cost multiplier does not result [...]
The North American Industry Classification System (NAICS) is a common industry classification system used by the United States, Canada, and Mexico in classifying businesses for the purpose of collecting, analyzing, [...]
The concept of revenue recognition is fairly simple; we ask, "when was the revenue earned?" The difficulty comes when we realize the answer is, "it depends." The first tenant of [...]
Most small business government contractors start with a simple indirect rate structure consisting of one fringe, one overhead, and G&A. Those rate structures are easy to calculate and manage. As [...]
We're often asked how to treat Cybersecurity Maturity Model Certification (CMMC) compliance costs. More accurately, we're often asked "Can we treat CMMC as a direct cost?" Our answer: No, [...]
Four reasons why we collect costs in a pool and allocate them over a base: In order to distribute cost equitably to intermediate and final cost objectives. This means that [...]
The issue of PPP forgiveness remains and will continue into 2022 (or beyond) for those government contractors that have not yet received forgiveness. Please continue to read this article even [...]
We understand the in's and out's of PPP loans can be confusing for many Government contractors. That's why we've compiled a list of the most frequently asked questions we receive [...]