Employee Retention Credit Over the last few years, the COVID-19 pandemic did not discriminate against the businesses it has affected. Whether large or small, businesses were forced to reduce their operations. In some cases, they had to shut down completely….
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Key Performance Indicators Key performance indicators (KPIs) are performance measurements that determine how well a business is achieving its objectives. KPIs evaluate the success of a business and they often differ amongst industries. They help to determine a business’ strategic,…
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8(a) Business Development Program As a government contractor, the road to success is not always easy, but is well worth it. The industry offers opportunities for growth to businesses of any size. As a small business though, there are programs…
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Advertising and Public Relations Costs The investment in advertising and public relations costs is one many business owners are willing to make. These costs often provide a return on investment, ultimately helping to grow your business. As a government contractor…
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5 Reasons to Outsource Your Accounting As a business owner, working long hours is something you are all too familiar with. You are responsible for managing the day-to-day activities, while simultaneously growing your business. You feel there are just not…
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Indirect Costs: Overhead vs G&A As a government contractor, have you ever sat there and thought to yourself, ‘Gee it would be so much easier not having to worry about the allocation of all my business’ costs?’ Surely, you are…
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Mention the word budget to most business owners, and instantly their hands become clammy. Budgets often get a bad rap because planning one can be a tedious task. However, the benefits of a budget, far out-weigh, the dread many…
Read MoreWorking capital is the difference between a company’s current assets and its current liabilities. Current assets include cash, inventory, receivables, and other assets which are expected to be turned into cash within one (1) year. Current liabilities include accounts payable, loans…
Read MorePayroll allocation is important for government contractors because government contractors must follow special FAR guidelines in their accounting. The Federal Acquisition Regulation, or FAR, are regulations that set the rules that the Government and Government Contractors must follow when government contracts are offered. The purpose of the FAR are to set policies when conducting procurement process. The results of these rules provide a transparent, fair, efficient and impartial contract which provides best value…
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The New Lease Standard The New FASB Lease Standard Year-end finally feels like a distant memory, and you can breathe again. Do not get too comfortable though. As one door closes, another opens… the new lease standards. You remember hearing…
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