CPAs and Advisors with Your Growth in Mind

Government Contractors

Department of Labor Increases the SCA Health & Welfare Rate

The Department of Labor (“DOL”) has increased the Service Contract Act (SCA) Health & Welfare (H&W) rate from $4.02 per hour to $4.27 per hour effective June 30, 2015. The DOL memorandum can be found here . What does this mean for government contractors? If any federal contracts are subject to the SCA, then employers need to ensure that covered employees are receiving the minimum H&W benefit per hour for the first 40 hours in a week that non-exempt employees work on a covered contract. In addition, on any firm fixed price or time & material contracts, the contractor may be. Read More.

DCAA FY14 Annual Review

Every year, the Defense Contract Audit Agency (“DCAA”) is required to submit a report to Congress detailing the agency’s activities, costs and performance metrics. This annual report provides some insight into how much (or little) DCAA was able to accomplish in the last year and allows for the government contracting community to gauge the timing of when DCAA will come calling on their doorstep for one type of audit or another. DCAA provides audit and financial advisory services to the Department of Defense (“DoD”) and other federal entities responsible for acquisition and contract administration. The primary function of the agency. Read More.

DCAA Hot Topics Executive Seminar to Feature Cherry Bekaert’s Ken Bricker & John Ford

Interested in what our GovCon professionals have to say about the current Defense Contract Audit Agency (“DCAA”) and Defense Contract Management Agency (“DCMA”) environment? On Tuesday, August 18th, join Cherry Bekaert’s Ken Bricker and John Ford as they take part in Old Dominion University (“ODU”) and the Public Contracting Institute’s “DCAA Hot Topics Executive Seminar.”   Hosted on ODU’s campus in Norfolk, Virginia, the seminar will provide an opportunity to hear from government contracting industry executives on issues such as compliance matters, the impact of business systems requirements in today’s marketplace and the latest legal updates affecting government contractors. Speakers will also analyze recent. Read More.

Service-Disabled Veteran-Owned Small Business FY 2014 Federal Government Awards

The Fiscal Year (FY) 2014 Small Business Procurement scorecard has been tallied and for the third year in a row, Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) came out a winner. This means that federal agencies that were previously not awarding to SDVOSB are now doing so, and at a higher dollar value, therefore increasing the opportunity for SDVOSBs to win awards with federal agencies they had not previously worked with. The Small Business Procurement Scorecard is an annual assessment tool used to measure how well federal agencies reach their contracting goals. It provides transparency while reporting agency specific contracting data. These. Read More.

May I See Your Driver’s License?

On several occasions in the last few years, the Defense Contract Audit Agency (“DCAA”) has issued audit guidance to its auditors concerning health insurance costs and verification of labor costs. In regard to health insurance costs, DCAA has been concerned with premium payments made for coverage of ineligible dependents of contractor employees. DCAA considers these premium costs to be expressly unallowable costs. Therefore, their inclusion in a proposal to establish final indirect cost rates exposes the contractor to a potential penalty payment in accordance with Federal Acquisition Regulation (FAR) 52.242-3. Similarly, because labor costs are frequently the largest cost category. Read More.

Ken Bricker to Speak at Federal Contracting Course for In-House Lawyers

On Thursday, July 30th, Cherry Bekaert’s Ken Bricker is scheduled to speak at a course entitled, “What Every In-House Attorney Needs to Know about Federal Contracting”. Hosted by Centre Law & Consulting in Tysons Corner, Virginia, the event features Bricker and other experts addressing matters that impact in-house lawyers within the federal government contracting industry. Topics to be discussed include compliance and subcontractor issues, federal government contract law, and current labor law compliance. Registration and breakfast will begin at 8:00 a.m. EST, and the event starts at 8:30 a.m. EST. The fee to attend the course is $695. For more information or. Read More.