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.

Our latest SBIR Accounting Webinar on Projecting Indirect Rates is now available for download in the  Free Resources Section of our website.  You may request to download the file here:   http://www.jamesoncpa.com/complimentary-information/      

We’re happy to unveil some new website updates and resources to the public!  Our homepage has been updated over the past week to include: A 3 Minute Impact Video – Giving visitors a quick snapshot of Jameson & Company, and our service to Small Business Government Contractors & Grantees.   More Webinars – We’ve divided [...]

A standard Notice of Grant Award (NGA) issued by the National Institutes of Health (NIH) typically contains hundreds of pages of boilerplate terms and conditions found in the NIH Grants Policy Guide. While government contracts are quite literal as to their period of performance, NIH Grants tend to be more liberal as to whether a [...]

Subcontract and consulting services can often represent a significant portion of the budget for a Small Business Innovation Research (SBIR) contract or grant. Therefore it´s critical to understand the requirements for documenting these charges to avoid having these costs disallowed upon audit by DCAA or an independent CPA firm during an OMB A-133 audit The [...]

In order to ensure that federal grant awards are handled in a fiscally responsible manner, the Office of Management and Budget (OMB) issued Circular A-133 and extended the audit requirements to all grantees, including for-profit Companies. This means you – SBIR awardees! Organizations with revenues that exceed $500,000 per year or more in federal funds [...]

As you apply for a government grant or contract, one of the most important pieces of the cost proposal that is overlooked is what indirect rate to request. Some government agencies, such as the National Institutes of Health, offer a “no-hassle” indirect rate of forty percent based on all direct costs for Phase II SBIR [...]

In general, the cost of staffing your Small Business Innovation Research (SBIR) Company´s accounting department is driven by the following three elements: 1. Number of employees 2. Annual revenue and volume of transactions 3. Reporting requirements and other terms and conditions imposed by contract or grant between your company and its customers. The administration of [...]

On January 21, 2009 the National Institutes of Health raised the “no questions asked” indirect rate on phase 2 SBIR/STTR proposals from 25% to 40% thereby reducing the backlog of Grantees requiring negotiated indirect rates with the Division of Financial Advisory Services (DFAS). The NIH SBIR/STTR Grants solicitation specifies “requested F&A cost rates of 40 [...]

Chris is an owner and CTO of a small biotech R&D Company in upstate New York.  He attended my webinar recently and very quickly understood the idea, that by checking the 40% box on the cost portion of his NIH proposal he was leaving a lot of money on the table. Chris downloaded the NIH [...]