Apportioning the Costs of Buildings
The SBA and Treasury have made it clear that if you own or lease a building that you sublet to another company, the portion of the lease or mortgage expense that can be used as nonpayroll costs for PPP loan forgiveness is limited to the share of the expense applied to the business who’s PPP loan is being forgiven. The simple example is, you lease an office building for $10,000 per month and sublease part of the space to another company for $2,500 per month. Only $7,500 would be used toward your nonpayroll cost for loan forgiveness. This proration applies to utility and other shared costs of the tenants.
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Topics:
Compliant Accounting Infrastructure,
Defense Procurement and Acquisition Policy (DPAP),
Government Regulations,
COVID-19,
Paycheck Protection Program (PPP) Loans
Watch as Jamie M. Brabston and Linda Scalf face off in this episodes Bean Boozled Challenge. Who will be delighted with the yummy original and who will be dismayed with the yucky alternative?
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Topics:
Redstone GCI,
Vlog
As we wrap up another hectic year of working with contractors to prepare, review and submit their Incurred Cost Proposals, it had us questioning…“Why do so many contractors wait until the last minute of their deadline to submit? Is there an advantage to submitting at the last minute or is submitting at the last minute actually a disadvantage?”
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Topics:
Incurred Cost Proposal Submission (ICP/ICE),
Contracts & Subcontracts Administration,
Federal Acquisition Regulation (FAR)
A Government Property Management System Analysis (PMSA) can be a contractor’s first experience with Defense Contract Management Agency (DCMA). This video and article explain what to expect for a Government contractor’s initial PMSA – commonly known as a Government property audit. Join Jonas Clem as he discusses the essential aspects of a contractor’s first PMSA.
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Topics:
Government Property Management,
Vlog
On August 17, 2020; Acting Principal Director for Defense Pricing and Contracting issued two memos providing guidance in support of DFARS Class Deviation 2020-O0013 and 2020-O0021 – CARES Act Section 3610 Implementation. There is also a memo providing contracting officers with a template for a Memorandum for Record to document the file for the issuance of the Section 3610 related contract modification.
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Topics:
Compliant Accounting Infrastructure,
Contracts & Subcontracts Administration,
DCAA Audit Support,
Defense Procurement and Acquisition Policy (DPAP),
Cost Accounting Standards (CAS),
COVID-19
We Lifted the Vail
A few months back we submitted a request to DCAA under Freedom of Information Act. Based on the DPC guidance referencing both DCAA and DCMA as playing a key role in support of the rest of the DoD Acquisition Community, we expected DCAA would have a significant number of documents disclosing this key role. Turns out, not so much. All we got was a single document listing 13 frequently asked questions (FAQs) DCAA has been fielding from their auditors, dated July 31, 2020.
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Topics:
Proposal Cost Volume Development & Pricing,
Contracts & Subcontracts Administration,
DCAA Audit Support,
Defense Procurement and Acquisition Policy (DPAP),
Cost Accounting Standards (CAS),
COVID-19
In previous blogs, we have recommended preparing a CAS Disclosure Statement (DS) soon after emerging from small business status. We also recommended reviewing your cost accounting practices prior to preparing a Disclosure Statement to prevent having to change afterwards and ending up requiring a cost impact statement. So, by now you are probably wondering what this mythical beast is and what is the big deal about preparing it.
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Topics:
Compliant Accounting Infrastructure,
Cost Accounting Standards (CAS)
Our Commercial Item Expert, Lynne Nalley, discusses and clarifies common questions and issues associated with commercial items and Commercial Item Determinations (CID).
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Topics:
Contractor Purchasing System Review (CPSR),
Vlog,
Commercial Item Determination
