Is My Company Required to File an Incurred Cost Submission?

The requirement for an incurred cost submission is dictated in FAR Part 16.3 Cost Reimbursement Contracting, specifically FAR 16.307, the contracting officer shall insert the clause at 52.216-7, Allowable Cost and Payment, in solicitations and contracts when a cost-reimbursement contract or a time-and-materials contract (other than a contract for a commercial item) is contemplated. Contractors…

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Tax Amnesty Coming to Maryland

Maryland taxpayers with outstanding liabilities will have a chance to come clean through a tax amnesty program that will take place later this year.  On April 14, 2015, Governor Hogan signed legislation that requires the Comptroller to administer a tax amnesty program from September 1, 2015 to October 30, 2015. The program allows for the…

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Single Source Real Estate Services and Charter Title Recognized as Among First Firms in N.C. to Receive a Review Report Demonstrating Compliance with ALTA Best Practices

Review report issued through HA&W’s ComplianceSuccess Program which provides comprehensive testing and reporting services on compliance across all seven ALTA Best Practices Pillars April 09, 2015- Single Source Real Estate Services, Inc. (Single Source), a real estate settlement company that provides non-legal support services to real estate closing attorneys, and Charter Title, LLC, a title…

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Your Top 10 Questions About Accounting System Requirements & Reviews Answered

Understanding accounting system requirements and DCAA pre-award accounting system reviews Having an “adequate accounting system” is an integral part of successfully conducting business with the federal government. Many companies find it a challenge to determine which requirements apply to their specific contract. In preparation for an upcoming presentation on accounting system reviews, we’ve answered the…

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Small Businesses: Don’t Overlook the Disabled Access Tax Credit

Did you know that you might be eligible to receive a big tax credit for expenditures to make your business ADA-compliant? The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination against individuals with disabilities in everyday activities. The law requires that businesses offering public goods or services (including doctors’ offices) be accessible to individuals…

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The Software Sales Tax Myth

By Jeff Glickman, partner-in-charge of State and Local Tax, and Robert Casey, assurance partner One of the most common misconceptions for software companies is that they don’t have to charge and remit sales tax on software sales. Although software is an intangible asset, many states require that vendors charge and remit sales tax for both…

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