Government contractors spend a hefty amount of time on administrative tasks—including bookkeeping—that detract from doing the work that matters most. Making matters worse, they may not be keeping accurate or compliant financials and may be subject to audits or loss of contracts. General bookkeeping is NOT adequate for government contracts. …
Are you eligible for the Research and Development Tax Credit? Our parent company, CohnReznick, shares industry expertise for GovCons about the credit and its benefits. Opportunities for the Government Contracting Industry Government contractors that design and develop new or improved products or processes can realize substantial tax savings with the…
Have you considered how much time, energy, and cost is associated with accounting for your business? Spoiler alert: it quickly adds up. It’s time to consider the benefits of outsourcing your accounting services. In-house accounting personnel for government contractors can be costly. Employers pay wages and benefits, overhead expenses, recruitment…
Government contractors know that DCAA compliance is essential for getting — and keeping — those lucrative federal contracts. Even if you only have one government contract at any given time, your entire accounting system and business must be ready to pass DCAA audits. Although DCAA compliance relates to more than…
There is a whirlwind of acronyms that represent the various government agencies, regulations, standards and certifications involved in compliance and regulation for GovCons. FAR, DCAA, DCMA, FCI, CMMC, ASC, NIST, CAS – the list goes on. It can be intimidating and difficult to navigate. GovCons are subject to audits concerning…
June 30 is the deadline for Incurred Cost Submissions (ICS) for GovCons with calendar year-ends (or six months post fiscal year-end). To minimize the risk of non-compliance and its repercussions, it’s best to prepare early and thoroughly review the data before it’s time to submit. Best practice for ICS involves…
Have you ever had a large number of rows to enter into Costpoint? It can be very time consuming to enter each row, one at a time. This blog will walk you through the process of loading data into Costpoint using only an excel spreadsheet. It will allow you to…
In a cyber-world, cyber threats are a continuous challenge. The Cybersecurity Maturity Model Certification (CMMC) framework is designed to protect sensitive unclassified information that is shared by the DoD with its contractors and subcontractors. This framework is meant to hold contractors accountable for their security system requirements. The CMMC pilot…
The WiJiT team prides itself on fostering a friendly and open approach both within our organization and with clients. But don’t let our warmth fool you: We also mean business and we have a long history of demonstrated integrity in support of our clients.
We do a thorough job at a fair price, but we never cut corners. In all interactions, we strive to bring reliability, success, alignment and the best possible fit to meet our clients’ needs — on track, on schedule, and on budget.
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