Government Contracting
The Truth About Interim Rate Variance Invoices
Many government contractors assume that interim rate variance invoices should be prepared once the incurred costs are submitted and rates…
“Keeping it Classy”: Understanding Solicitation Guidelines for Your Association’s PAC
The research is in! Stakeholders are demanding that corporations take an active role in solving social and economic problems through…
The End of DUNS Numbers
It’s the end of an era. Starting in December 2020, a new, non-proprietary unique entity identifier (UEI) will replace proprietary…
What Happens When a QPRT Ends?
Homeowners who want to minimize their future estate taxes and transfer their home to their children might consider setting up…
U.S. Government Contractors and Cross-Border Payroll Tax Issues
The cross-border global expansion of business activities continues to increase exponentially in the US government contracting industry. Many government contracting…
Employer-Owned Life Insurance Policies: Tax Treatment & Reporting Requirements
In the past, money received through a life insurance contract, paid by reason of the death of the insured, were…
Virginia Amends Residency Definition for Estates and Trusts
On February 15, Virginia amended its estate/trust residency statute by removing one of the definitions used to determine whether an…
QBI Deduction: The Impact of Proposed Regulations on Government Contractors
Recently, the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued much-anticipated proposed regulations on the potential 20%…
On-Ramp Underway for GSA OASIS SB Pool 1–Teams Now Welcome!
When the General Services Administration (GSA) released the RFP for Pool 1 on OASIS SB last month, it contained a…
Service Contract Labor Standards (SCA) Minimum Health and Welfare Amounts Increased
Effective July 11, 2018, the Department of Labor (DOL) increased the prevailing health and welfare (HW) fringe rate under the…