Daily Archives: May 9, 2017

Considering a Startup as a Second Act? (Part I)

Wondering if you have what it takes to be an entrepreneur? Are you considering a career shift to embark on creating your own startup? Elana Fine, Executive Director of the Dingman Center for Entrepreneurship at the University of Maryland’s Robert H. Smith School of Business, recently shared her thoughts in a webinar entitled “Is a Startup Part of Your Second Act?” Fine considered three main questions. Why? What? and, How? We will explore the Why now, and the What and How in subsequent posts.

Why? Motivations for a second act.

Fine discussed a number of possible motivations for wanting to found …read more

Read more here:: Technology

IRA Charitable Rollovers

Individuals cannot keep money in their retirement accounts forever. Beginning on April 1, of the calendar year after turning 701/2, individuals must start making withdrawals from their IRA, Simple IRA, SEP IRA, or retirement plan account. The minimum withdrawal amount is called the Required Minimum Distribution (RMD). Generally, the RMD is calculated from an IRS Uniform Lifetime table.

Some people find they do not need the RMD for living expenses and prefer to donate the funds toward their favorite charity or charities. A law made permanent in 2015, allows donors aged 701/2 to make a qualified charitable distribution from …read more

Read more here:: Nonprofit

The 10 Commandments of GSA Schedule Compliance – Q&A

Aronson GSA Schedule Consulting Practice consultants Jennifer Aubel and Jacelyn Ferriell recently presented a webinar The 10 Commandments of GSA Schedule Compliance. The audience had a ton of questions that others may have too. Below is the Q&A recap from the event.

Question: What is the relationship between the Maximum Order Threshold and Price Reduction Clause?

Answer: Each Special Item Number (SIN) on the GSA Schedules has a Maximum Order Threshold (MOT). The MOT is the dollar value for an order at which agencies are instructed to seek deeper discounts from the contractor. As such, GSA assumes that …read more

Read more here:: Government Contracting