https://www.jdsupra.com/legalnews/contractors-billing-the-government-for-5682876/
PNWC's Government Contracting Update
A discussion on what's new and trending in Government contracting circles
Monday, October 28, 2024
Tuesday, June 11, 2024
Small Businesses Need Accounting Software Designed for the Federal Marketplace
A transcribed interview by the founder of PROCAS discusses some of the 'compliance' issues that small businesses face when pursuing or thinking of pursuing Government contracts.
This interview focuses on Accounting and Timekeeping systems and other requirements of the SF 1408 (Accounting Systems).
You can access the interview here.
This is not an endorsement for PROCAS. We have no first-hand experience with this particular software although it seems to have a lot of features necessary for Government contract accounting.
Thursday, January 4, 2024
Compensation Caps for 2024
The Office of Federal Procurement Policy (OFPP) recently published the compensation cap for 2024. The new cap is $ 646,000 and represents a 4.4 percent increase over the 2023 compensation cap of $ 619,000.
Following are the compensation caps by year:
IRS Mileage Rate for 2024
For 2024, the standard mileage rate for business will increase from 65.5 to 67 cents per mile.
The rate for medical and moving will decrease by one cent to 21 cents per mile while the rate for charitable purposes is set by statute and remains unchanged at 14 cents per mile.
Friday, April 28, 2023
Compensation Caps for 2023
The Office of Federal Procurement Policy (OFPP) recently published the compensation cap for 2023. The new cap is $619,000 and represents a 5.1 percent increase over the 2022 compensation cap. This is the largest annual increase since these caps were established by the Bipartisan Budget Act of 2013).
Following are the compensation caps by year:
Thursday, January 5, 2023
IRS Mileage Rate for 2023
For 2023, the standard mileage rate for business will increase to 65.5 cents per mile
The rate for medical and moving will also increase to 22 cents per mile while the rate for charitable purposes remain at 14 cents per mile.