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One Day Until The Sequester

February 28, 2013 / Ed Jameson / Blog Posts
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The glossy publication by Research!America 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 our leaders are listening.

In the event the sequester goes into effect we advise you to stay calm, review your backlog for awards that may be delayed and prioritize necessary expenditures.  Tightening the belt is nothing new to most of us and with proper planning and attention to detail you can manage the sequester until the storm passes.

However, in 1986, the last time we endured a sequester, the political posturing and in many cases, fear mongering, did not lead to a total shutdown of American Economy & Policy.  In fact, little to no effect was felt across much of the US (good article on that found here by Phil Graham for the Wall Street Journal).  Don’t let the veil of political banter fool you, there’s more fat to trim than what is being led on (Good Reads from the Wall Street Journal on this can be found here)

We won’t know the true outcome (or to some, the right word would be damage) that may come with the sequester, until the trickle down effect takes place and small business contractors feel the pinch.  Stay tuned.

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Ed Jameson, CPA, Managing Partner

I’ve been in practice for over 40 years helping our small business clients procure, manage, and survive audits on more than $6 billion in federal government contract and grant funding. We’ve been featured presenters and panel moderators at Tech Connect’s National SBIR/STTR conferences since 2010, and I’ve presented at the DOD’s Mentor Protégé Summit and present regularly for several state and local organizations.