About Cecilia

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So far Cecilia has created 62 blog entries.

The Wizarding World of Expense Reports in Unanet

Don’t say it…expense reports.  Ahh the dreaded task of combing through all those lines of expense, looking for receipts, matching up cost, and asking yourself over and over again…where did these per diem rates come from? Unanet has an answer to that one… Can you say, “Rate tables?”  Yes, this is the answer. No more [...]

By |2022-01-11T18:15:03+00:00December 22nd, 2021|Unanet|Comments Off on The Wizarding World of Expense Reports in Unanet

Is Your Company Bonus Plan Federal Acquisition Regulation (FAR) Compliant?

Government Contractors who pay employee bonuses benefit by following a few key principles outlined in the Federal Acquisition Regulation (FAR).  FAR compliance ensures that bonuses will be allowable and included in overhead rates.  Your company overhead rate can change significantly if your company fails to follow FAR guidelines. Bonus amounts paid to employees should be [...]

By |2022-01-11T18:16:46+00:00December 15th, 2021|FAR|Comments Off on Is Your Company Bonus Plan Federal Acquisition Regulation (FAR) Compliant?

Deltek Customer Town Hall September 2021 – Good News for Small Businesses

With over three decades of experience, Costpoint has earned the trust of medium and large contractors.  I was one of them, spending most of the last twenty-five years of my career running Costpoint for medium to large applications.  What I didn’t know was the Costpoint is also affordable for small businesses! Here are a few [...]

By |2022-01-11T18:16:40+00:00November 30th, 2021|News & Updates|Comments Off on Deltek Customer Town Hall September 2021 – Good News for Small Businesses

How Do I Know if My Accounting System is Compliant?

KNOWING WHAT YOU DON’T KNOW IS THE FIRST STEP TOWARDS BEING A SUCCESSFUL GOVERNMENT CONTRACTOR - ACCOUNTING SYSTEM COMPLIANCE It has happened to all of us, something you didn’t know or didn’t think about turns into a big problem and you did not see it coming.  We all know hindsight is 20/20 but today we [...]

By |2021-11-23T20:58:41+00:00November 23rd, 2021|Government Accounting, Government Compliance Update|Comments Off on How Do I Know if My Accounting System is Compliant?

Cyber Security Update

Further guidance regarding cyber security compliance has been provided by Ellen Lord, the Defense Undersecretary for Acquisition, Technology, and Logistics. The January 1, 2018 deadline for being 100% compliant has been relaxed to now “the only requirement for this year is to lay out what your plan is” said Ms. Lord in a briefing given [...]

By |2021-11-23T20:44:38+00:00December 29th, 2017|Government Compliance Update|Comments Off on Cyber Security Update

SCA H&W Rate Increase

The Department of Labor issued a memorandum that increased the Health and Welfare Fringe Benefit (H&W) back in July. For any contracts issued after August 1, 2017 that are subject to the Service Contract Act (SCA), you need to be aware of the increased rates.  The two notable increases are: SCA H&W Rate: $4.41 per [...]

By |2021-11-23T20:50:39+00:00September 12th, 2017|Government Compliance Update|Comments Off on SCA H&W Rate Increase

Micro-purchase Threshold Increase

Did you know that over the summer there was a class deviation to the definition of the micro-purchase threshold?  Most people didn't! Unless you are keen on reading FAR Part 2 daily, you may have missed this deviation.   Class Deviation- 2017-O0007, Increased Micro-Purchase Threshold. This clause deviation is effective on Sept 01, 2017, and [...]

By |2021-11-23T20:50:45+00:00September 12th, 2017|FAR|Comments Off on Micro-purchase Threshold Increase

GSA TDR Pilot Program In Full Swing

General Services Administration’s new Transactional Data Reporting (TDR) rule states that contractors must electronically report prices paid by the federal government for goods and services purchased through GSA acquisition vehicles. (Interact.gsa.gov). GSA intends to gain market intelligence about pricing, while improving efficiency and reducing requirements that many contractors found challenging. TDR is significant not only [...]

By |2021-11-23T20:50:53+00:00May 20th, 2017|GSA Post-Award Support and Compliance|Comments Off on GSA TDR Pilot Program In Full Swing

FAR Subpart 4.19 Basic Safeguarding Clause – What to Know

Effective June 15, 2016, the DoD, GSA, and NASA issued a final rule “amending the Federal Acquisition Regulation (FAR) to add a new subpart and contract clause for the basic safeguarding of contractor information systems that process, store or transmit Federal contract information.” (Federalregister.gov). The new subpart FAR 4.19, Basic Safeguarding of Covered Contractor Information [...]

By |2021-11-23T20:50:58+00:00April 9th, 2017|DoD cybersecurity|Comments Off on FAR Subpart 4.19 Basic Safeguarding Clause – What to Know

GSA TDR Pilot Program Reporting Primer

The General Services Administration’s Transactional Data Reporting (TDR) rule states that contractors must electronically report prices paid by the federal government for goods and services purchased through GSA schedules. Using a phased-in approach affecting select schedules, the TDR pilot program has corresponding reporting requirements that contractors must know. During the conversion from 72A reporting to [...]