In the ever-changing landscape of cybersecurity regulations, government contractors must be prepared to adapt and comply with the latest requirements to safeguard sensitive information.
In this article, we will delve into the intricacies of government shutdowns, their direct implications on contractors, and equip you with practical strategies to effectively prepare for any future shutdown scenarios that might arise in 2023.
As a government contractor, you understand the importance of safeguarding sensitive information. But with the rise of email and online communication, cybercriminals are using phishing scams to trick unsuspecting employees into revealing confidential data.
If you're a small business owner, you may have come across the term ESG and wondered about its meaning. ESG stands for Environmental, Social, and Corporate Governance, which are important factors that investors use to evaluate companies of all scales.
The US has issued an executive order banning all federal contractors and employees from downloading or using TikTok on any device that is owned by the government, citing security concerns. This ban has sparked much debate about the future of the platform and what this means for users.
Federal contractors must ensure they keep their SAM registration up to date. If a contractor's SAM profile expires, the government is no longer authorized to work with that contractor.
US citizens and tax residents who have formed — or are considering forming — a corporation in a foreign country may be impacted by global intangible low-taxed income (GILTI). The tax implications and considerations are complex. Understanding GILTI is important for making informed decisions for yourself and your business structure.
As a government contractor, understanding your obligations under the Service Contract Act (SCA) is essential. In this blog post, we will provide you with an overview of the SCA, including its requirements and challenges when implementing the standard. We will also discuss how compliance can be achieved and the risks associated with noncompliance.
By Neena Shukla, CPA, CFE, CGMA, FCPA, CTP | If you have a responsible estimating system, you would typically anticipate recovering all of your direct costs. However, to ensure recovery of your Company’s indirect costs, requires a good budgeting process and established internal controls.
Budget variances, the difference between planned billing rates and planned forward pricing rates and actual performance, favorable and unfavorable, will happen. When they do, it is critical to profitability to understand what is causing the variance so it can be considered in your budgeting process going forward or operationally corrected.
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