Federal Acquisition Regulation (FAR) GovCon Threshold Increases Effective October 1, 2025The FAR Council updates effective October 1, 2025, in accordance with 41 U.S.C. §1908 and FAR 1.109 result...

For Government Contracts, Contracts Managers play a pivotal role in navigating a highly regulated and high-stakes environment. U.S. federal procurement is enormous with over $600 billion in...

For government contractors, mastering the difference between direct and indirect costs isn’t just about good bookkeeping—it’s about staying compliant, competitive, and contract-ready.What Are...

As Independence Day approaches, government contractors often face questions about work expectations, paid time off, and compliance with federal guidelines. Here's a clear breakdown of how to handle...

The Single Audit threshold for organizations that receive Federal awards has been increased from $750,000 to $1 million, effective for fiscal periods starting on or after October 1, 2024. This...

Government contractors with cost-reimbursable contracts are required to submit provisional billing rates (PBRs) annually. While this may seem like a tedious compliance requirement, it’s actually an...

SBIR, or Small Business Innovation Research, and STTR, or Small Business Technology Transfer, are government-funded programs designed to engage small businesses in research and development efforts...

In the world of government contracting, meticulous financial management is not just a best practice; it's a regulatory requirement. Whether you're a small startup or a seasoned contractor,...

(This is a synopsis of the best information that we have found on Section 174 and its impact on Government Contract Research First. Please contact govIRG if you have questions or would like...

What is an SF1408? The Standard Form 1408, or SF1408, also known as the Pre-Award Survey of Prospective Contractor (Accounting System), is a document used by the U.S. Government to determine the...

In the intricate landscape of government contracting, selecting the right Enterprise Resource Planning (ERP) system stands as a pivotal decision. The choice not only impacts operational efficiency...

As a government contractor, it is crucial to stay informed about the various regulations and provisions that impact your business. One such provision is Section 174 of the IRS Code, which pertains...