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Posts by Taylor Dean

Quick Guide: Unallowable Costs In Government Contracts

If you’re struggling to understand the difference between “allowable” and “unallowable” costs related to your government contracts, you are not alone. Even the most experienced government contractors struggle from time to time when it comes to...
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How to Use Job Costing and Class Tracking In QuickBooks to Increase Profitability

There’s nothing quite like the sinking feeling you get when you complete a job you thought was profitable, only to discover that you barely broke even or, even worse, you lost money. These situations inevitably raise a lot of questions, specifically...
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Guidance for Protecting Your Overhead Rate from Overzealous Auditors

If your architecture, engineering or construction firm has been contracted to provide services to state or local governments, it’s imperative that you understand your firm’s indirect cost rate and how to navigate the FAR and AASHTO Audit Guide.
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Unallowable Expenses and the Art of Lost Revenue and Profits

It’s unfortunate when government contractors lose revenue and profits because they lack controls, policies and processes for submitting allowable cost claims. Adding 10% or more to your top line could be as simple as doing more training or more review...
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How Government Contractors Can Avoid Unallowable Costs

A few years ago we were hired by a government contractor to help them with a pretty big problem: their auditor disallowed over $100,000 in costs, and consequently, the business took a 5% hit to their indirect cost rate.
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Best Practices for Government Contracting Time Reporting and Time Keeping

A few missed policies here, a lack of training there, a few insufficient time entry explanations later, and it’s simple to get an overhead rate that’s going to hurt your pocketbook when you do business with the federal or state government. One of the...
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