Executives tend to manage using historical data.  This management style can be categorized as reactive versus proactive.  Government contractors need to shift that mindset and be more proactive about managing their business since government funding is not recurring and management needs to be more forward looking. One aid that can be used to proactively manage [...]

http://govtcontracts101.eventbrite.com/# Working on a RO1? Won an SBIR grant? Have you received an award from a federal agency that uses cost-plus-fixed fee contracts? Ready to apply for a grant, but first you want to understand contract negotiation? If you answered yes to any of the above questions, then join ITAC andJameson CPA for a thorough workshop on the [...]

The glossy publication by Research!America (found here) in Jan 2013 took a look at the hard numbers and estimated $3.6 billion in spending cuts as the effect of the upcoming  sequester.  Research!America presented good arguments against cutting funding for agencies such as NIH, CDC and NSF but with one day to go we’re not sure [...]

Jameson & Company is proud to be a supporter of SBIR Impact NYC (@sbirnyc on Twitter).  We will be in attendance at their next scheduled workshop, and look forward to watching the seeds SBIR NYC is laying bear fruit. In collaboration with SBIR Impact NYC, we have also teamed up with the Industrial & Technological Assistance [...]

Small startup companies seem to be always writing grant and contract proposals.  Many times these grants and contracts are awarded with different rates and different rate structures.  Having varying rate structures and indirect rates could end up costing you money in the long run.  All of your company’s revenue producing jobs absorb their proportionate share [...]

We’ve added 5 new dates for our 2013 Webinar Schedule today.  Both DOD Contract Accounting and Indirect Rate Workshops have been opened for registration.  Each presentation is free to join.  Space is limited, so register early! Register for our next available date: January 17th, 2013 – 2:30pm – DOD Contract Accounting – **Click Here to Register** [...]

They may be. The Bayh-Dole Act (BDA) of 1980 forms the foundation of ownership rights of intellectual property arising from Federal Government funded research.  However, BDA is largely misunderstood by the various Government Agencies as well as the Government auditors. Federal Acquisition Regulation (FAR) 31.205-30 states that “patent costs are only allowable if required” by [...]

Subrecipient Monitoring We have noticed that one of the most common OMB A-133 findings is failure to adequately monitor subcontractors.  This is also required of DoD contractors. Recipients are responsible for ensuring that subrecipients comply with all requirements associated with the federal assistance that are applicable to recipients.

During a recent Federal Tax Audit that was focused on the QTDP Grant the IRS agent clarified for us their official position on when to recognize the QTDP grant receipt.  There has been some confusion in this area especially for cash basis taxpayers.  The credit was targeted to therapeutic discovery projects meeting certain criteria and [...]

During the NIH SBIR Conference in Louisville Kentucky this past week, Edward Jameson gave a spirited presentation regarding SBIR Accounting, and the importance of negotiating Indirect Rates on the Phase II of an NIH Award.  As we always harp at our firm, taking the Provisional 40% F&A rate you receive at Phase I, and carrying [...]