Navigating the Transitional Stage of the 8(a) Program
Once a company has gained momentum in the Small Business Administration (SBA) 8(a) Business Development program, there are new hurdles that must be overcome to maintain compliance and continue a growth trajectory.
During this stage, companies can run into common pitfalls, such as poor planning on size standard management or taking on contract awards that increase revenue with little long-term benefits. Experiencing rapid growth without implementing the necessary financial and management infrastructure to support expansion is another obstacle 8(a) businesses may face. Additionally, management may fail to upgrade financial and business systems to sustain and support operations in a new phase of development.
Providing 8(a) Program Transitional Stage Services to Help Your Small Business Thrive
Cherry Bekaert’s Government Contracting Advisory team helps 8(a) companies successfully navigate the transitional stage of the 8(a) program. We provide comprehensive guidance in a variety of areas, including:
- Compliance with business systems requirements
- Accounting
- Estimating
- Purchasing
- Property
- Earned Value Management
- Material Management and Accounting
- CMMC readiness and other agency cybersecurity requirements
- Contract administration
- DCAA audit support
- First cost type contract
- Proactive tax strategy and planning
- Business Activity Targets (BATs) to stay eligible for sole source awards
- Competitive bidding rates
- Executive compensation planning to retain key players
- Teaming and subcontracting with large prime contractors using Mentor-Protégé and Joint Ventures
- Outsourced accounting and compliance services
- State and local tax planning
- Research & Development (R&D) tax credits, state R&D credits and other tax credit programs
- International tax and accounting reporting and compliance requirements
