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Biden Signs the Inflation Reduction Act of 2022

Written by Drew Nicol, CPA On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law. This $740 billion bill is aimed at fighting

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K-2/K-3 Filing Requirements

By: Cooper Melvin, JD, CPA Taxpayers owning an interest in certain partnerships or S corporations may have noticed additional information in the Schedule K-1 package for 2021 regarding international tax

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Infrastructure Bill Update

Written by Cooper Melvin, J.D. In a previous Beyond the Bottom Line, we introduced a summary of the Reconciliation Bill. Earlier this week, there were proposed changes to the bill

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BMSS Presents: Government Contracting for Program Managers

Being a Program Manager (PM) in a small government contracting business may feel like you’ve been thrown into the fire at times.  From acquisition to contract closeout, the PM has

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BMSS Presents: A Government Contractor’s Guide to Indirect Rates, Part 1

In the first part of this 2-part webinar, we will dive into the basics of Indirect Costs. Topics include: Distinguishing costs as direct or indirect; Indirect cost pools; The development

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BMSS Presents: Introduction to Procurement in Government Contracting

Government procurement, also known as government purchasing, is the procurement of goods and services by government agencies. This is to say, government agencies are soliciting the public business sector for

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DCAA Audits Post COVID-19

Government contracting is a highly regulated business. Compliance with the legislation and regulations on how to do business with the U.S. Government allows contractors to continue working with the government. 

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BMSS Presents: An Update for Governmental Entities within the COVID-19 Environment

Please join us as we discuss how COVID-19 is impacting governmental entities. To reserve your space in this webinar, you MUST register at this link. After you register, you will receive

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Class Deviation – Quick Closeout Procedures Threshold And Why Contractors Should Care

Working with the federal government can be a double-edged sword. On the one hand, government engagements provide a consistent stream of work. On the other hand, receiving final payment for services

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The Red Flags Rule: Does This Apply to Governmental Entities?

Written by Jenny Gray, CPA Millions of Americans have their identities stolen each year. In addition to the impact on individuals, the cost to entities – left with unpaid bills

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Establishing a Strategy for Addressing Cybersecurity in Governmental Agencies

In a technology driven world, cybersecurity concerns affecting governmental agencies are constantly evolving. These concerns can significantly complicate oversight of risks by those charged with governance over these agencies. As

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