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How Government Contractors Can Master the Art of Timekeeping

CPA Practice

The multifaceted requirements of timekeeping for government contractors is detailed in key documents, such as the Federal Acquisition Regulations (FAR) , the Defense Federal Acquisition Regulation Supplement (DFARS) , and the Defense Contract Audit Agency’s (DCAA) Contract Audit Manual (CAM) , among others.

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R&D Tax Credit: The Innovation Incentive

Cherry Bekaert

Many businesses are not benefitting from this tax incentive because of false assumptions, such as that the R&D must be “groundbreaking” to qualify for the credit; claiming the credit will result in an audit; time tracking tools must be used to capture R&D efforts; or that the R&D tax credit is only beneficial to large organizations.

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Contractor Business Systems Series: Part 1 — The Ins and Outs of Government Contractor Accounting System Requirements

Cherry Bekaert

Per these rules, the DoD will conduct audits or reviews of the adequacy of these systems. The remaining three are reviewed (not audited) by the Defense Contract Management Agency (DCMA). Who Is Responsible for Accounting System Approval or Disapproval? How Should a Contractor Prepare for an Accounting System Audit?

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How to Find the Best Real Estate Accounting Software for Your Business

Snyder

An automated accounting tool will significantly assist an experienced real estate accountant with tracking and recording income from rental properties and understanding the financial implications of real estate investments.This will help you to stay on top of your financial obligations. Wave: Best free solution. Free option.