Posts by Jennifer Eubanks
Understanding Direct Costs, Indirect Costs & Cost Pools
Summary of Keypoints Direct and indirect cost segregation is required by FAR and enforced by DCAA, ensuring that costs are consistently classified and properly charged to government contracts throughout the contract lifecycle. Direct costs are those clearly attributable to a specific contract, such as contract-specific labor or materials, while indirect costs support multiple contracts or…
Read MoreWhat Are the 5 Most Common DCAA Post-Award Audits for DoD Government Contractors?
Contractors that have been awarded a contract with the federal government may be subject to a number of post-award audits. These audits are often conducted by the Defense Contract Audit Agency (DCAA) and commonly include, but are not limited to, audits of costs incurred during contract performance to validate that these charges comply with Federal…
Read MoreKey DCAA Terms to Understand for Contractors
The Defense Contract Audit Agency (DCAA), part of the United States Department of Defense (DoD), performs audits of DoD contractors to ensure the best value for money the agency spends on defense contracting. As part of its auditing services, DCAA will review a contractor’s accounting and business systems to ensure the contractor is able to…
Read MoreWhat Happens During a Pre-Award Survey With DCAA?
If you’re a contractor who has submitted a proposal to work with the Department of Defense (DoD), you will have an audit done by the Defense Contract Audit Agency (DCAA) before the contract is awarded. A Pre-Award Audit typically includes the audit of the pricing in the proposal the contractor submitted as well as a…
Read MoreHow to Prepare for DCAA Pre-Award Survey
If you are new to government contracting, prior to being awarded a flexibly priced contract, your contracting officer will request that DCAA perform a Pre-Award Survey to ensure your accounting system is adequate to account for government contracts. As you’re bidding on contracts, you’ll frequently be asked to provide a copy of an audit by…
Read MoreHow Work From Home Might Affect This Year’s Tax Returns
Summary of Keypoints Work-from-home arrangements in 2020 created new tax complications because tax obligations are based on where employees physically perform their work, not where employers are headquartered, introducing uncertainty for both individuals and businesses. State tax nexus rules may trigger additional employer and employee tax obligations, as many states consider even one remote employee…
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