DCAA Compliance Blog

Your Source for DCAA News and Information for Contractors

ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance.  From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.  

In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.

We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!  


 

DCAA Compliant Accounting Systems for very small companies

Posted by Mike Anderson on Tue, Apr 30, 2013 @ 05:00 AM

Funding a small start-up business is one of the most difficult hurdles a new business owner faces.  At this point the financing options are limited.  Usually either the 4 F's (Founder, Family, Friends & Fools) or SBIR/STTR money is the only way to fund a very early development effort.  Since there is a limit on the amount of funding available from the 4 F's, the SBIR program was designed to help American companies get their technology funded in early stages.  As a result, more and more small businesses are taking advantage of this non-dilutive source of funding.  The cost of doing business with the Federal Government, however, is real, significant and many times non-compliance with regulations can spell disaster for a small business.  Heck, it can be problematic for large companies too. So what is the small business owner to do? 

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Topics: SBIR, STTR, DCAA accounting, government cost accounting