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As we come to the end of the year, research and development companies should consider filing a sales and use tax return even though no amounts may be due. Purchases made by these companies may be exempt from sales and use tax because of research and development exemptions or because you are buying materials that [...]
http://www.federaltimes.com/article/20120529/DEPARTMENTS01/205290301/#.T8YGbbiuUng.mailto Post by Sarah Chacko at The Federal Times – May 29, 2012 … Billions of dollars in defense contract costs could go unaudited because of a mounting backlog at the Pentagon’s audit agency. The number of audits performed by the Defense Contract Audit Agency, which ensures that costs charged to the government by contractors [...]