How do small businesses survive in the world today, especially when they are primarily government contractors? The government has such a twisted path of regulations concerning contractors and then they control the amount of fee or profit that the small business can earn. There is definately a cost in doing business with the government that many businesses don't realize when starting. One of the constants we have noticed over the years is that experience in government contracting makes a difference. Small businesses usually can't afford to hire someone with experience on their staff but they can hire a consultant and outsource this experience level on an "as needed" basis. We have found that fully outsourcing back office services such as bookkeeping, accounting, payroll, contract management and even HR or purchasing can be valuable to the small business. This allows those services to be performed by "experts" in the area and allows the members of the small business to focus on the tasks that they are experts at - thereby increasing their value to the bottom line. A web hosted accounting system is a great tool for this scenario because both the outsourced consultant as well as company management can access the financial records at any time. The following video outlines some of the benefits of such a web hosted solution, just imagine the cloud shared application is your accounting system!
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!
Happy Holidays to everyone from all of us here at Tech BizSolutions.
Sometimes we forget the real meaning of the Thanksgiving holiday. At the risk of sounding like an actor that has not rehearsed his acceptance speech when receiving an Academy Award, here is an incomplete list at best.
What is a PTAC?
A PTAC is an outreach activity co-funded by the Department of Defense, state and local economic development groups, and private donations. It provides free services to government contractors related to business development, business management, and other issues facing firms in the government contract environment. It is this focus on government contracting that distinguishes it from the bulk of fee services provided the SBA, Small Business Development Centers (SBDC), and SCORE (Service Corps Of Retired Executives).
Think of the PTAC as the center of gravity for
A key service of Colorado PTAC, as it is with others across the country, will be business development. It plans to provide sophisticated tools to enable businesses to sift through the enormous amount of solicitations released each day by federal, state, and local governments. Assistance will be offered in identifying critical processes for responding to solicitations and where additional resources can be acquired.
In a similar way, the PTAC can advise firms on the risks and responsibilities when contracting with government entities.
Finally, firms can rely on the PTAC for recommendations on meeting minimum requirements for management systems such as finance and accounting, program management, pricing support, and the like.
Why promote PTAC?
We feel free services offered through PTAC and other organizations are invaluable, especially for firms new to government contracting. We view this market as very lucrative if you have solid products and services the government needs. Government rules can be onerous and arcane, so an educated client makes all our efforts easier.
Check the Association of PTAC’s website (http://www.aptac-us.org/new/) for the latest updates.