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All About Construction & Real Estate (24)

Guidance for Protecting Your Overhead Rate from Overzealous Auditors

If your architecture, engineering or construction firm has been contracted to provide services to state or local governments, it’s imperative that you understand your firm’s indirect cost rate and how to navigate the FAR and AASHTO Audit Guide.
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Unallowable Expenses and the Art of Lost Revenue and Profits

It’s unfortunate when government contractors lose revenue and profits because they lack controls, policies and processes for submitting allowable cost claims. Adding 10% or more to your top line could be as simple as doing more training or more review...
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How Government Contractors Can Avoid Unallowable Costs

A few years ago we were hired by a government contractor to help them with a pretty big problem: their auditor disallowed over $100,000 in costs, and consequently, the business took a 5% hit to their indirect cost rate.
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Best Practices for Government Contracting Time Reporting and Time Keeping

A few missed policies here, a lack of training there, a few insufficient time entry explanations later, and it’s simple to get an overhead rate that’s going to hurt your pocketbook when you do business with the federal or state government. One of the...
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How to Choose an Employee Benefit Plan Auditor

In a letter to administrators of “large” employee benefit plans — plans with more than 100 participants — the U.S. Department of Labor reported high levels of concern about the audit quality of employee benefit plans as well as the CPAs who perform them.
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What Do Your Financial Statements Say About Your Company’s Future?

Motivational speaker Zig Ziglar once said “how you see your future is much more important than what happened in the past.” The same holds true for business owners and how they view their businesses.
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