Posts Tagged ‘Government Contracts Advisor’
The GovCon’s Guide to DCAA Incurred Cost Submissions
Summary of Keypoints An Incurred Cost Submission (ICS) is a mandatory annual requirement for contractors with cost-reimbursable or T&M contracts, used by DCAA to reconcile provisional indirect rates with actual costs and establish final allowable rates under FAR 52.216-7. Timely and accurate ICS filing protects cash flow and credibility, while late or inadequate submissions can…
Read MoreWhy You Need a Government Contracts Advisor to Work on Your Government Contracting Business Taxes
Summary of Keypoints Government contracting taxes require specialized expertise: Government contractors face added complexity from FAR, DFARS, CAS, and federal tax rules, making general tax preparation insufficient for compliance and profitability. A Government Contracts Advisor goes beyond tax filing: These advisors integrate tax strategy with cost accounting standards, indirect cost allocation, audit readiness, and tax-advantaged…
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