Monthly Archives: April 2017

Recently Released: Trump’s Tax Reform Proposal

Without providing any substantial detail or legislative text, earlier this week the White House presented a one-page document titled “2017 Tax Reform for Economic Growth and American Jobs”.

Here are some items that may affect individual taxpayers.

Tax Brackets

Three brackets may replace the existing seven-bracket structure. The new brackets would be set at 10%, 25%, and 35%.

Standard Deduction

The existing standard deduction could be doubled. Under the existing structure, individuals can deduct $6,350 and married couples can deduct $12,700.

Itemized Deductions

The plan would limit itemized deductions to mortgage interest and charitable contributions. A very popular deduction for State and Local Income Taxes would …read more

Read more here:: Tax

2017 Yellow Book Overhaul Ahead

On April 5, 2017, the U.S. Government Accountability Office (GAO) released an exposure draft of the Yellow Book with proposed updates to Generally Accepted Government Auditing Standards (GAGAS). The Yellow Book contains guidance for auditors who perform Single Audits for organizations that have federal grants. It includes professional qualifications, audit firm quality control standards, ethics, and independence of the auditor, and continuing education requirements for the auditor. Furthermore, auditors of federal, state, and local government programs use these standards to perform their audits.

“The Yellow Book helps auditors hold the organizations they audit accountable,” states the WatchBlog of the GAO in …read more

Read more here:: Nonprofit

Insight to Our Nation, In Numbers

USAFacts is a new data-driven portrait of the American population, our government’s finances, and government’s impact on society. Where does the money come from and where is it spent? Whom does it serve? And most importantly, what are the outcomes?

  • Total $ Spending
  • Where Does the $ Go?
  • Foreign Aid Obligations
  • Performance of Government-run businesses
  • And much more!

See the results at USAFacts.org.

The post Insight to Our Nation, In Numbers appeared first on Aronson Fed Point.

…read more

Read more here:: Government Contracting

DFARS CDI Compliance in 60 seconds

If your organization contracts with the DoD and works with Covered Defense Information (CDI), it’s safe to say our 60 second video is the perfect brush up on DFARS compliance.

So, are you ready for the deadline?

Whether you’re a prime contractor or subcontractor, Aronson can help your organization achieve DFARS compliance by the December 31, 2017, deadline, improve your enterprise cybersecurity protections, and gain a major competitive advantage in retaining and acquiring DoD work.

Prefer real-time conversations? We do too. Call Payal Vadhani, lead partner of Aronson’s Technology Risk Services Group, at 301.231.6259

The post DFARS CDI …read more

Read more here:: Government Contracting

Aronson Capital Partners Advises Reports & Requirements Company on its Sale to Buchanan & Edwards

on Wednesday, 12 April 2017, Posted in Experience

Aronson Capital Partners (“ACP”) is pleased to announce the acquisition of Reports & Requirements Company (“R2C”) by Buchanan & Edwards (“BE”).

Buchanan & Edwards Inc., a technology leader creating transformative solutions for government customers, announced that it has acquired The Reports and Requirements Company (R2C) LLC, a government service provider offering national security-focused consulting services in intelligence collection, training support and data governance and analysis. With this acquisition and the addition of R2C’s advanced capabilities in front-end data governance and curation, BE’s offering will expand to include a powerful, full …read more

Read more here:: Government Contracting