The Chicago-based company, VouchedIn, was founded by a CPA, Dan Gaffney, who felt discouraged by a past experience with a staffing firm that wanted him to work on a project. Even though he had known ...

WASHINGTON — The accountants have gotten contractors all riled up. The Financial Accounting Standards Board recently proposed adding an accounting standard, FAS 150, that will affect the net worth of ...

Unique construction accounting rules increase audit and penalty risk Bonus depreciation phases down through 2026, impacting equipment purchases Multi-state nexus rules trigger income, sales and ...

Contractors are beginning to implement new rules by the Financial Accounting Standards Board that will provide a clearer picture of projects and as a result a truer gauge of contractors overall ...

The White House’s Cost Accounting Standards Board (CAS) has proposed eliminating more than 60 redundant accounting rules that have remained largely unchanged for over 50 years. The board published two ...

Tennessee-based Payra is trying to automate accounts receivable for large contractors, some of whom still deal with ...

When I was growing up, I remember my dad asking my mom to save the empty milk cartons. She’d wash them out and set them on the counter in the laundry room. I couldn ...

Mergers and acquisitions create additional costs and complex accounting issues for government contractors. There are fees for accounting, legal, and business consultants. There may be restructuring ...

TradePower, an e-business construction solutions provider based in Linthicum Heights, Md., recently unveiled its Accounting Partnership Program, which enables accounting software systems to link with ...

The Defense Department’s management and auditing sub-agencies need to clarify their roles and improve the timeliness of their examinations of contractor accounting, estimating and purchasing systems, ...