Regulations are unquestionably mandatory. There are two important laws that federal contractors and subcontractors must be aware of: The Davis-Bacon Act applies to U.S. Government contracts in…Read More
Blog
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Offer Acceptance Periods: Can You Revive an Expired Offer?
When a contractor submits an offer (a bid or proposal, depending on the type of procurement) to the federal government, the solicitation normally specifies the period within…Read More
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Recoup Some Capital Investment
Take a look around. If you’ve been building up piles of scrap, excess raw materials, obsolete equipment, returned inventory and spare parts, you probably need an investment…Read More
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8 Steps to a ‘Lean Manufacturing’ Approach
The term “lean manufacturing” means different things to different people. However, it can generally be agreed upon that lean manufacturing represents a management philosophy that emphasizes the…Read More
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Tax Issues When Winding Up the Estate of a Loved One
When a loved one who was “financially comfortable” passes away, his or her family must deal with the emotional issues that come with the loss — as…Read More
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Pursuing and Defending Construction Claims
Construction projects require cooperation and coordination among a long list of participants including architects, contractors, subcontractors and others.Read More
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Lowering the Bar on Performance and Payment Bonding
Acquiring or increasing your firm’s bonding capacity can open a whole new market of jobs. It can allow you to take on a multitude of public works…Read More
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Deducting Pass-Through Business Losses
Many business ventures generate tax losses, especially in the first few years of operation or under adverse conditions. When can losses be deducted — and how much…Read More
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Employers: Be Aware (or Beware) of a Harsh Payroll Tax Penalty
If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be…Read More
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Employee vs. Independent Contractor: How Should You Handle Worker Classification?
Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government…Read More