Are Your IR&D Costs Allowable?

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It’s time to how you determine allowability of IR&D costs. Not rethinking your approach could result in the government deeming your IR&D costs expressly unallowable. Spending a few minutes reading this blog will provide you with the required knowledge to ensure your IR&D costs continue to be allowable.

Effective January 30, 2012, the DFARS IR&D cost principle (DFARS 231.205-18(c)(iii)(C)) now requires, as a condition of allowability, contractors to report their IR&D projects to the Defense Technical Information Center (DTIC). Even though this requirement applies only to “major contractors”, as defined in DFARS (<a target=_blank …read more

Read more here: Government Contracting

About Aronson LLC

Aronson LLC has written 576 post in this blog.

Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

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