The Government Accountabilty Office (GAO) recently released its “Contracting Data Analysis: Assessment of Government-Wide Trends” report. As GAO notes, in fiscal year 2015 federal contracts for goods and services totaled over $430 billion, which represents almost 40 percent of the government’s discretionary spending. The new report identifies overall trends in contracting by defense and civilian […]
Join Aronson’s Jennifer Aubel and Hope Lane for an insightful webinar on April 5th at 11:00am ET for an insider’s perspective into the important compliance topic of GSA pre-award audits. Every year, GSA’s Office of Inspector General (OIG) selects around 50 GSA Schedule contracts for the ultimate compliance test –a pre-award audit. The stakes in an […]
Winning a contract in a new state can present many challenges, not least of which is ensuring that your company is compliant with the state’s tax code. The worst approach to state tax compliance is assuming that the taxes your company may be subject to and the tax treatment of your company’s activity will be […]
As a follow-up to Aronson’s webinar on Service Contract Act Compliance in Real Business Government Contractor Environments, we provided answers to several attendee questions below.
Understanding the value of a small business is critical for owners. Yet many business owners consider value simply from a balance sheet perspective, assuming the reported level of net assets approximates the value of the business. While the reported net assets could be a meaningful value proxy for certain businesses in certain situations, more often than […]
On February 20, 2017, the Governor of Virginia signed legislation into law that will require the Virginia Department of Taxation to administer a tax amnesty program. The legislation, House Bill 2246, requires the program to take place sometime between July 1, 2017 and June 30, 2018, for a period of 60-75 days. This amnesty program […]