INSPIRATIONAL CORNER
Hey everyone, I came across an article written by Harvey Mackey in the Huntsville Times business section that discussed a simple five-question test developed by psychologist Donald A. Laird to measure a person's leadership potential. Do you measure up? What about your potential managers? Well let's
The DCAA and You
For those of my colleagues who may not know what may be requested for an accounting system review, below is a copy of several DCAA auditor's actual request for information from contractors in preparation for an accounting system review. Review the request so you do not have to
Cost Allowability (FAR 31)
These costs can and have been disallowed. Will yours? A firm in one of our workshops stated that a DCAA auditor disallowed her consulting costs. Based on what she shared with the class it sounded like the cost was allowable. More information was needed so the firm is going to
Certifications - 8(a), SDB, DBE, WOB, VOB, SDVOB
Insight and advice from an experienced colleague Thinking about becoming an 8a or SDB? Do you wonder what to expect from the application process? Is it really the route you should go? Which one should I choose? What is the difference? Lets see if I can help in the decision.
INSPIRATIONAL CORNER
I asked God for strength God gave me difficulties to make me strong. I asked God for wisdom God gave me problems to solve. I asked God for prosperity God gave me brawn and brains to work. I asked God for courage God gave me dangers to overcome. I asked
Cost Allowability (FAR 31)
Inquiry: Can you charge the government for a contingent fee or commission to be paid to a firm for bringing in new business? This is a valid question. Especially for those of us small businesses who find it hard to find the time to market for ourselves and does not
Government Contracting Process
Is that the question? I just recently received my GSA contract under Schedule 69. It took me more than 6 months and I did it while traveling across the US presenting my workshops. Now I want to be honest with you. It was somewhat of a pain in the ____, but
INSPIRATIONAL CORNER
"Not everyone is healthy enough to have a front row seat in our lives" There are some people in your life that need to be loved from a distance. It's amazing what you can accomplish when you let go of not-going anywhere relationships. Observe the relationships
Cost Allowability (FAR 31)
What are they and can you recover them? Question: Are the costs incurred before the effective date of the contract allowable and therefore chargeable to the contract? You keep me sharp with your practical and insightful questions The answer appears simple enough. Lets start by defining what the types of
Cost Allowability (FAR 31)
Are you covering yourself? Let's talk about how advance agreements can protect you. Due to the many different types of accounting systems and varying contract situations that arise, determining the reasonableness, allocability, and the allowability of certain costs may be difficult to determine. So to avoid possible subsequent
Cost and Pricing
Headline: Purchased Labor - Options To Consider QUESTION: Can we charge labor as direct when we do not direct hire; e.g. we subcontract out the work? And how should we handle this in our internal accounting system and indirect rates? RESPONSE: You are asking a lot in your question.
Cost Allowability (FAR 31)
We all must understand Indirect Cost and Rates! It is part of the foundation of our profitability and audit exposure. We cannot learn too much on this subject, but we must learn the right way. The word Indirect confuses so many. Why? Because it is often a matter of preference,
