The 6th blog in our "Mistakes" blog series discusses the headaches and dangers that come from hiring CPA who doesn't know the highly specialized field of government award accounting.
The NIH wants you to use an SBIR-compliant accounting system, and one of the key elements of that system is proper numbering or coding. This blog explains how this works and how it benefits you and your government grant.
Every funding agency has its own rules and regulations. Not knowing them can lead to serious compliance issues—and is our #8 mistake government awardees make.
Too often, brilliant awardees get federal funding then try to do their own SBIR accounting. This can lead to all sorts of issues—including taking innovators away from their true work.