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Accounting and Advisory
On August 25, 2022, Anglin Reichmann Armstrong and PTAC Florida hosted a government contracting growth summit called “Evolve.” This event aimed to connect small, medium, and large companies to discuss government contracting opportunities through networking and educational presentations. The event was held at the Hilton Garden Inn in Ft. Walton Beach, FL. Our 2022 Evolve...
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The Internal Revenue Service announced they are looking to hire over 4,000 contact representative positions in 22 cities in the U.S. and in Puerto Rico. So far through the month of June, the IRS has held virtual and in-person hiring events where they have given job offers to qualified candidates. “The IRS continues to increase...
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We know and have felt by now the effects of supply chain issues due to the pandemic. If you are in real estate, construction or manufacturing you may have seen an immediate difference between your 2019 revenue vs 2020 and 2021 revenues. How do you project costs and create budgets for 2023 based on the...
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Do you have the clause FAR 52.216-7 “Allowable Cost and Payment” in any of your contracts? If you do, you likely have a requirement to prepare an Incurred Cost Submission for your company and submit it to your local DCAA office 6 months after your fiscal year-end. Typically, this FAR clause is incorporated in cost...
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This article was written by Meg Hampton and originally published by Accounting Today. We have heard that many of the tasks and duties that today’s college students will perform by 2030 have not been invented yet. The evolution of technology and AI is already changing how public accountants perform their work, and it stands to reason...
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By Michelle Jenkins, CPA If you remember the TV show, “The Office,” they had an accounting and payroll team. It included Angela, Oscar and Kevin. When accountant “Angela” went on maternity leave, that department was essentially short staffed. Short staffing is a burden for owners, leaders and existing staff when it is temporary. What if...
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Grooming the right leadership team or bringing new owners into your company must be carefully orchestrated. Future owners need to match your goals for transfer of ownership, but they should also mesh well with daily operations and employee expectations. If you plan to exit gradually, your chosen successor must also be open to your continued...
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Two men seated at a desk with their computers, discussing a page filled with handwritten notes.
By Michelle Jenkins, CPA, MBA and Elena Miller, MBA Historical data is just one component of government contractor budgeting that, taken alone, will often miss the mark against actual costs or revenue. Using historicals that are looking backwards will drive the budget even farther from reality. To develop more accurate forward pricing budgets, finance leaders...
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A pile of American currency with a ripped piece of black paper on top with PPP Loan Round 2 written in white.
With the second round of Paycheck Protection Program (PPP2) loans moving toward the end of their covered periods, the Small Business Administration recently announced a new portal that will allow borrowers with loans of $150,000 or less to potentially apply for forgiveness directly rather than applying through their bank’s portal. According to the SBA’s announcement,...
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By Meg Hampton, CPA, MAcc With life beginning to return to some semblance of normalcy, small businesses and organizations that received stimulus money through 2020 and early 2021 are entering an important phase for recording and reporting on these federal and state funds. Recording complexities for stimulus payments—whether in the form of loans, grants or...
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