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RSVP NOW |
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Growth Through Government Contracting
Training Seminar
November 10, 4pm
Successfully take your product into the Government market
Grow your company through Government contracting
RSVP by November 3rd, 2009 at 321-426-3008
Admission: $25/person
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| Don't wait till the end! |
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2009 Mid-Year Tax Planning Letter
While opportunities remain for year-end tax-planning, this letter is focused on steps that are difficult to take at the last minute. Start your tax planning now!
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| What's on Your Mind? |
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If you are interested in any specific topics, please let us know so we can cover them in the upcoming issues. Thank you.
Email us with topics you would like us to cover |
| Ask the DCAA Experts |
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Email your questions to our former DCAA auditors ready to help
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Government Cost Accounting |
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Have questions regarding government cost accounting, such as fringe, overhead and G&A costs, ICE Models, Rate calculations & audits, FAR & DCAA regulations?
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| Insurance |
As a Government contractor, how can you make sure your insurance coverage fully meets your needs and the industry requirements? With questions on Workers' Comp, General Liability, Auto Liability, Professional Liab, Employee Benefits
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| GSA Schedules |
Let Gary help you win and administer GSA contracts, market, set pricing and manage your GSAAdvantage! catalog!
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| Legal Solutions |
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Ed can help with representing Government Contractors in bid preparation, bid protests, performance issues, claims, and disputes
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| Intellectual Property |
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Protect your brand and your product through timely and proper trademark and patent registration. Where do you get started?
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| Selling to Government Made Easy |
Selling to the Government Made Easy
If you are an established business located in Central Florida and are interested in selling your product or service to the government, take advantage of the FREE counseling available through the Procurement Technical Assistance Center (PTAC) at the Small Business Development Center at UCF. Start your journey into the world of government contracting with the right tools and proven strategies.
Email Tony Espinosa, Procurement Specialist
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Please note: |
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The individual companies participating in GCAT are not affiliated with each other for any purpose other than providing educational programs for issues related to government contracting. Participating companies do not share fees and, have no obligation to refer client's to companies participating in GCAT and do not assume any responsibility or liability for information provided by any member of GCAT.
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Greetings!
- If you have not had a chance to RSVP for the November 10th Growth Through Government Contracting Training Seminar, please do so now. This is a once in a lifetime opportunity to learn first hand how to grow your business with the Government and what are the secrets to success. In addition, you will get the opportunity to network with many local prime contractors' Small Business Liaison officers.
- Looking for new business opportunities? Mark your calendars for the Eighth Annual Reverse Trade Show in Winter Park, which will take place on Wednesday, November 18, 2009, 9:30 AM to 2:30 PM
- Save the Date: November 18-20, 2009 at the Rosen Shingle Creek Hotel Orlando, FL - 2009 MatchMaker Conference and Trade Show.
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| Government Contracting Opportunities |
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The American Recovery and Reinvestment Act (ARRA) signed into law on February 17, 2009 opened new opportunities for small businesses to obtain government contracts. Take advantage of the following top five resources to research and find government contracting opportunities: 1. The Governor's Office of Economic Recovery website - www.flarecovery.com.
- Overview: The Governor's Office of Economic Recovery was created with the goal of tracking all federal stimulus dollars flowing into the state, local governments, private businesses, and non-profit organizations.
- ARRA Contract Opportunities: On the website, under the "About" tab, you will find "State and Local Projects." There you can browse the ARRA funds available for projects by industry (Health Care, Education, Infrastructure, etc.) and learn about the funding allocation. Even better, when you click on the "Documents" tab and scroll down to the "State and Federal Funding Announcements" you will find lists with specific fund allocations by city or by project.
Read the rest of the article. |
| Automobile Insurance Coverage Insights |
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By Lenita Wright, Partner
Do you have questions for Lenita? Send Lenita an email
As a Government contractor, when traveling on public roads and/or Federal Installations, automobile insurance serves as a safeguard against financial hardship in the event of an auto accident. If the proper coverage is purchased, it can also assist in paying for damages if your company vehicles are damaged or stolen. Most states require all drivers carry liability insurance.
When finalizing your insurance coverage decision, here are some things for you to consider:
- Have you or your legal counsel reviewed your contracts and all FAR references for automobile insurance requirements?
- Are you liable for damages to GSA/government vehicles being driven by you and your employees or those in your custody? Vehicles provided to you for your regular use should be identified in your policy to be properly covered.
- Is your policy required to be the primary liability insurance when driving GSA/government vehicles?
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| You Asked -- We Answer |
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Question: Why does DCAA want to know what my unallowable costs are when I submit my incurred cost proposal? I am not claiming these costs.
Answer: There are several reasons for this. Two of the primary reasons are:
1. The government wants to verify that all unallowable directly associated costs are also removed. A directly associated cost is a cost that would not have been incurred but for the incurrence of another cost. For example, you may have removed from your proposal the depreciation cost of a company automobile used exclusively for personal trips. The government would want to verify that you also removed the directly associated costs such as the car insurance.
2. The government needs to assure that all unallowable costs remain in the appropriate indirect base to calculate the allowable indirect rate. For example, you may have removed the unallowable portion of indirect travel expense from your labor overhead pool when calculating your allowable labor overhead rate. Assume you have a G&A base of total cost input less G&A. The government needs to verify that your G&A base include both allowable and unallowable total cost less G&A. In this instance, the government would verify that the unallowable indirect labor overhead travel cost is included in the G&A base also.
Answer provided to you by Betty J. King, CPA, Executive Consultant, former DCAA Auditor |
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The Government Contracting Advisory Team |
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| This newsletter is published by Hoyman Dobson, CPA's with contributions from the Government Contracting Advisory Team (GCAT).
The Government Contracting Advisory Team is network of professionals dedicated to educating and assisting government contractors throughout Florida.
GCAT can help you with:
- Marketing & GSA Schedules (including GSA Contract Administration)
- Insurance needs (including Defense Base Act/Foreign Exposures)
- Legal services (such as Agency & GAO Protests, Intellectual Property)
- Accounting services (including assistance with government cost accounting systems)
- Quick access to industry veterans and resources
- And much more!
The GCAT Members include:
- Debbie Goode, CPA, Hoyman Dobson
- Lenita Wright, Huckelberry Sibley & Harvey Insurance
- Ed Kinberg, Kinberg & Associates, LLC
- Steve Thomas, Hayworth, Chaney & Thomas, P.A.
- Gary Beckert,, QualityU & GM Beckert & Associates
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