Cherry Bekaert

SEPTEMBER 26, 2023

View all Government Contracting Podcasts Questions? View all Government Contracting Podcasts Questions? Contact Us The post DCAA Compliant Timekeeping Best Practices for Government Contractors appeared first on Cherry Bekaert.

Government 105

Government auditor audit accounting system 105

Cherry Bekaert

OCTOBER 17, 2023

Ultimately, the Federal government wants a reliable basis for cost comparison and decision making. View all Government Contracting Podcasts Questions? Contact Us The post Cost Accounting Standards (CAS): A Comprehensive Overview for Government Contractors appeared first on Cherry Bekaert. Contact us to discuss your situation.

accounting standards 105

accounting standards cost accounting Government account 105

SMBAccountant

OCTOBER 21, 2020

There are certain expenses that a business incurs that the federal government does not reimburse. While these costs may be legitimate business expenses, the federal government may disallow a cost which means it cannot be reimbursed using the incurred costs rates calculated to reimburse costs for cost contracts.

Government 246

Government account accountant accounted 246

Cherry Bekaert

SEPTEMBER 8, 2023

Americans’ trust in government has been on the decline for decades. In the 1960s, polling from the Pew Research Center showed that more than 70% of Americans believed the Federal Government would do the right thing “just about always.” Our nation’s success depends on restoring trust in its government institutions.

Government 98

Government accounting and finance accounting firms Healthcare 98

Accounting Today

AUGUST 30, 2023

Strongly governed firms outperform their peers on a wide variety of metrics.

Government 121

Government 121

CPA Practice

SEPTEMBER 30, 2023

government shutdown, sending the bill to President Joe Biden for his expected signature just hours before a midnight deadline. government open through Nov. government open until Nov. The Senate overwhelmingly passed bipartisan legislation Saturday to avoid a disruptive U.S. The bill passed on an 88-9 vote. North Carolina Rep.

Government 98

Government North Carolina New Hampshire Connecticut 98

Cherry Bekaert

AUGUST 31, 2023

Contributors: Jack McKee, Manager, Government & Public Sector With staffing challenges and exceedingly more complex Government Accounting Standards Board (GASB) requirements , many government and public sector organizations are finding it difficult to focus on their core mission and deliver results for constituents.

Government 98

Government account accountant accounted 98

Cherry Bekaert

OCTOBER 12, 2023

The Federal government has used Working Capital Funds (WCFs) for over 100 years. Do you have the correct governance model in place to aid in the financial decision-making process? Contact Us The post Federal Government Working Capital Fund (WCF) Analytics Solution appeared first on Cherry Bekaert.

Government 92

Government 92

SMBAccountant

DECEMBER 16, 2020

These programs are offered by the government to encourage innovation with the potential for commercialization. These programs often result in technology or products that begin with government use and then become commercial items. More information regarding these programs can be found at sbir.gov/about.

Government 246

Government account accountant accounted 246

Patriot Software

MARCH 12, 2023

I am calling on our government and lawmakers to step in and put their full weight behind SVB immediately in order to make tens of thousands of hardworking American businesses and their families whole again. To Whom It May Concern, I am Mike Kappel, CEO of Patriot Software in Canton, OH. Patriot, as we call […] Read More

Government 130

Government 130

Going Concern

SEPTEMBER 21, 2023

The Australian government released exposure draft legislation yesterday in response to “the PwC matter” and the funniest part is the special email they made to receive comments: PwCResponse@treasury.gov.au. Not ConsultingReponse or Sept23TaxReform, specifically PwC Response. Nice job, guys.

Government 103

Government tax 103

CPA Practice

JUNE 19, 2023

By Girard Miller, Governing (TNS) S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. Is it just about pay, as state and local governments fall farther behind in the competition for talent?

Government 98

Government account accountant accounted 98

Cherry Bekaert

SEPTEMBER 28, 2023

As the end of the fiscal year (FY) rapidly approaches in four days, and with no appropriations for FY 2024, government contractors should be planning for a shutdown that will interfere with services, payments and awards that were anticipated for future revenue. What Should Government Contractors Do? After The Shutdown, What’s Next?

Government 75

Government account accountant accounted 75

Accounting Today

SEPTEMBER 26, 2023

The first half of 2023 saw a flurry of state and local changes, with governments relying more on indirect taxes as borrowing becomes more expensive and the cost of providing programs increases.

tax 97

tax Government Sales 97

Menzies

DECEMBER 8, 2023

What does the food and drink manufacturing sector need from Government policy in 2024? Here, Menzies LLP’s strategic advisory experts for the sector highlight crucial areas that demand the government’s attention in 2024. Staffing shortages In the last few years, staffing has emerged as a critical issue for the sector.

Manufacturing 52

Manufacturing Government tax chartered accountant 52

CPA Practice

OCTOBER 26, 2023

Further, the order could require government agencies including the Defense Department, the Energy Department and intelligence agencies to run assessments to determine how they may incorporate AI into their work.

Government 105

Government New York Washington Technology 105

Withum

OCTOBER 23, 2023

IT departments struggle to initiate governance. Our new guide addresses these challenges and provides you with best-practice guidance to build your governance framework and roadmap. Get started on your Power Platform governance journey today! Enterprise architects worry about the lack of oversight. Download your guide now.

Government 52

Government Start-ups Gaming 52

SMBAccountant

NOVEMBER 19, 2020

Indirect rates are not exclusive to government contractors. Government contractors are required to do the same in order to determine the full cost associated with a contract and be reimbursed that full cost amount. The contractor now owes the government back $37,500. The company had $750,000 in labor for the year.

Government 246

Government account accountant accounted 246

SMBAccountant

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). Privately held companies may choose a non-GAAP reporting method, but when working with the federal government and the Defense Contract Auditing Agency (DCAA) GAAP must be followed.

Government 219

Government account accountant accounted 219

Cherry Bekaert

OCTOBER 4, 2023

Trust in government in the United States has dropped drastically since the 1960s, hovering as low as 20% in some recent surveys. ” Show Links: Commission on PPBE Reform Interim Report Circular A-11 Agile Government Center Framework Treasury Seeks Greater Data Sharing in Interagency Plan to Curb Improper Payments Questions?

Government 52

Government 52

SMBAccountant

JULY 29, 2020

Government contractors have an even harder and more dire concern when it comes to cost plus contracts. Large variances between the budget and actual expenses can result in money owed to the contractor, or worse, money owed back to the government. Budgets may be the most artful part of accounting. The other issue is timing.

Government 190

Government account accountant accounted 190

CPA Practice

JULY 6, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss models for technology governance. Today we’d like to talk about technology governance. And today’s session on technology governance really got a kind of a boost in my mind. And I think this is a interesting model for technology governance. SPEAKERS Brian F.

Technology 98

Technology Government audit quickbooks 98

LSLCPAs

SEPTEMBER 21, 2023

The post People Management in Local Government Finance Departments appeared first on LSL CPAs. The where and how we are working has likely changed forever in this post-COVID world, and presented new opportunities and challenges when it comes to managing people. People Management.

Finance 59

Finance Government cpas 59

SMBAccountant

JULY 14, 2020

If you are submitting proposals for a government contract, the government prefers the accrual basis of accounting because it gives a more accurate picture of the company’s profit or loss. Using accrual basis accounting the income would show in June even though the payment had not been received yet.

account 246

account accountant accounted Government 246

Going Concern

JULY 14, 2023

So the firms are up against the Australian Senate this week, answering uncomfortable questions about their inner workings all because one PwC partner couldn’t keep his mouth shut and blabbed confidential government tax intel back to the firm so PwC could make some money off of it. Deloitte just admitted that yes, yes they did.

tax 92

tax Government audit 92

LSLCPAs

SEPTEMBER 12, 2023

The post Accounting for Opioid Settlement Funds in Local Governments appeared first on LSL CPAs. The timing of the receipts, as well as whether or not your organization was an original party to the settlement. Luckily the great folks over at the.

Government 59

Government account accountant accounted 59

Accounting Insight

NOVEMBER 13, 2023

And the polls and recent by-elections results suggest the most probable outcome is a Labour Government. This would mean contractors currently covered by IR35 rules – people the Government somewhat considers employees, even if they aren’t on payroll – would get the exact same rights as employees.

payroll 59

payroll Government account accountant 59

Accounting Today

SEPTEMBER 28, 2023

The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.

Government 71

Government tax 71

CPA Practice

NOVEMBER 15, 2023

The House easily passed Speaker Mike Johnson’s stopgap spending measure that would continue to fund the government into the new year with broad bipartisan support Tuesday afternoon. The Senate will now consider the legislation with the current stopgap government spending law expiring Friday at midnight.

Government 52

Government Agriculture Transportation E-commerce 52

SMBAccountant

AUGUST 12, 2020

When working as a government contractor, these processes and policies need to be written, reviewed, and updated regularly to ensure compliance with the company’s own requirements, and the accounting standards demanded of contractors spending tax dollars.

Government 190

Government account accountant accounted 190

Withum

MAY 3, 2022

On May 1, 2022, Leneé Lyte , founder and CEO of boutique firm LYRC CPA, joins Withum to bolster the Firm’s Government Contractors Services practice. Leneé will join the Withum roster as a Principal in the Washington, DC office, increasing the Firm’s regional presence in its nationwide Government Contractor business.

Government 98

Government cpa Washington 98

CPA Practice

MAY 22, 2023

While this project will take the IRS several years to complete, there are some lessons they can learn from other countries and government organizations to make the process smoother and more effective. Take, for example, the Latvian government. This created a lot of manual work. The IRS is currently facing a similar problem.

Government 111

Government tax Technology 111

CPA Practice

SEPTEMBER 28, 2023

The American Institute of CPAs has submitted a letter to the Department of the Treasury, the Internal Revenue Service (IRS) and Congressional leadership requesting the release of the IRS contingency plan that would go into effect in the event of a government shutdown on October 1, 2023.

Government 52

Government tax return cpas tax 52

Going Concern

NOVEMBER 29, 2023

TLDR The AICPA is deeply concerned that a 2024 government shutdown would have catastrophic effects on the IRS, taxpayers, and taxpayers’ practitioners and outlines just a few of the issues basically guaranteed to happen should there be a shutdown. ” The full letter is below. The AICPA does have your back!

Government 62

Government tax cpa account 62

Withum

OCTOBER 17, 2023

About t he Client A large US-based professional services firm specializing in government project recruitment. The client needed to streamline their recruiting process, reduce manual data entry and ensure data security, especially when dealing with sensitive government projects. Download a PDF of this case study.

Government 52

Government Technology Education 52

LSLCPAs

MARCH 16, 2023

Because local governments rely on grants for funding projects not covered by tax revenue, knowing how to land a grant will help you serve your community in the best possible way. The post Effective Grant Management for Local Governments appeared first on LSL CPAs.

Government 52

Government cpas tax Construction 52