Trends in Government Contracting: What You Need to Know Government contracts are a vital sector of the economy that provide services and goods to federal, state, and local agencies. It is a great way for businesses to secure long-term contracts…
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Joint Ventures A joint venture is a business arrangement where two or more businesses work together on a specific project or business activity. They combine resources and expertise to achieve common goals. This collaboration is a way for businesses to…
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Debunking Myths: Why Not Outsourcing Your Accounting Is a Missed Opportunity As businesses evolve, the complexities of handling financials internally can become overwhelming. Despite the apparent advantages of outsourcing your accounting, many decision-makers hesitate due to certain prevailing misconceptions. Let’s…
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Navigating the Roller Coaster: The Top Reasons Small Businesses Bite the Dust Introduction: The Thrills and Spills of Small Business Ventures Embarking on a small business journey is like hopping onto a roller coaster of entrepreneurship. It’s a wild ride…
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Payroll Management For most businesses payroll is one of the largest expenses. It includes not only employee salaries, but also benefits, taxes, and other related costs. Due to this payroll management is a vital function for businesses. The payroll process…
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6 Things Every Government Contractor Should Know Becoming a government contractor and growing a small government contracting business comes with its unique set of challenges and considerations. 1. Understanding the Federal Acquisition Regulation (FAR) The FAR is a crucial set…
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10 Reasons Why Job Cost Accounting is Important for Engineering Many professional service industries work on a contract or project basis. Knowing how much each client or project brings to the equity of the firm is paramount. Basic accounting will…
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Cash Management As a business owner, you truly have an understanding of the saying ‘cash is king.’ Cash is the lifeline of any business. It is a vital component, ultimately impacting a business’s financial stability and success. Without it, your…
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The Basics About Calculating Small GovCon Business Size So you want to become a government contractor? Calculating the size of your small GovCon business is a crucial step in government contracting. The U.S. government has established size standards to define…
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How Improved Long-Term Planning Can Unlock Huge Opportunities for Small GovCons Improving long-term planning is crucial for Small GovCons to capitalize on the opportunities offered by government contracts. By implementing effective long-term planning strategies, these firms can enhance their competitiveness…
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