Daily Archives: March 16, 2017

Alternative Investments and Reporting Requirements for Associations

Additional disclosures in the annual Form 990 and possible taxable implications — Many associations are investing in alternatives due to the ongoing economic recovery and low rate of returns from traditional investments. Endowment and board designated funds need to achieve investment targets, which can be near impossible to make with the average returns from mutual funds and managed accounts. Alternative investments provide the allure of increased returns, albeit at an increased risk. Many associations have been successful at hitting higher returns through alternative investments. These investments do come with added oversight and considerations for additional disclosures to the government in …read more

Read more here:: Nonprofit

Department of Defense (DoD) Seeks Comments on Draft Commercial Item Acquisition Guidebooks

The Department of Defense’s (DoD) goal for procurement is to have an efficient acquisition system that is effective in providing support to the warfighter. The use of commercial item acquisition is seen as one way of achieving this goal, however there are currently varying levels of understanding and consistency within DoD regarding determining commerciality and in determining fair and reasonable prices.

For this reason, Defense Procurement and Acquisition Policy (DPAP) is seeking comments on its draft Commercial Item Determination Guidebook Part A and Commercial Item Pricing Guidebook Part B. The purpose of these guidebooks is to …read more

Read more here:: Government Contracting