DCAA Compliant Accounting

dcaa compliant accounting

DCAA Compliant Accounting Any organizations bidding on government contracts must ensure compliance with DCAA (“Defense Contract Audit Agency”) rules and be prepared to pass a DCAA audit.  The DCAA is responsible for acquisition of Department of Defense and other government agency contracts, and is tasked with confirming taxpayer funds are used responsibly.  If you are […]

Tax Update: Increasing Your Meals & Entertainment Deduction for 2021 and 2022

tax deductions

Tax Update: Increasing Your Meals & Entertainment Deduction for 2021 & 2022 To spur the restaurant industry in the wake of the COVID-19 pandemic and its economic fallout, Congress passed the Consolidated Appropriations Act (“CAA”) in December 2020.  The CAA allows businesses to fully deduct expenses for eligible restaurant meals incurred in 2021 and 2022. […]