Archive for January 2013
Keep Your GSA eBuy Quote Out of the Trash
GSA’s eBuy is a Request for Quote (RFQ)/Request for Information (RFI) system designed to allow government buyers to request information, find sources, and request and receive quotes from GSA contractors who have been awarded a Multiple Award Schedule (MAS) contract. eBuy is an increasingly important tool as it, when used correctly, meets all task order…
Read MoreTax Tip: Home Office Deduction Safe Harbor
In a newly issued Revenue Procedure 2013-13, effective for tax years starting on or after 1/1/2013, the IRS has created a safe harbor for the home office deduction calculation. The safe harbor is $5 times the home office square footage, for a maximum of $1,500. The safe harbor is in lieu of the substantiation of…
Read MoreThe Importance of Sourcing Software License Royalty Income
If a US company pays a royalty to a foreign company for the use of a software license, there is an issue regarding whether the royalty payment is considered to be US source income to the foreign licensor. If the royalty is considered to be US source income to the foreign licensor, then IRC Section…
Read MoreACA Tax Credits for Nonprofits
Nonprofits are eligible for tax credits that put cash into their coffers. A free study is available for your organization. By Thomas Prevatt, senior manager As a part of the Patient Protection and Affordable Health Care Act (ACA), Congress is offering a tax credit designed to encourage small employers to provide health care coverage to…
Read MoreEvolve: Upgrade to Deltek Costpoint 7 – Don’t Wait til the Last Minute…
Deltek recently released a product alert indicating that Costpoint 6.1 SP2 will move into sustained support effective October 1, 2013. This means that customers will continue to have access to all fixes or service packs that existed prior to the Sustaining Support life cycle phase. However, there will be no new software enhancements, hot fixes,…
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