Compliance

• 3% Income Tax Withholding Requirement Delayed
  
  The American Recovery and Reinvestment Act of 2009, which was signed into law on February 17, 2009, delays for one year the new withholding requirement for government payments to contractors under Internal Revenue Code subsection 3402(t). The requirement now applies to payments made after December 31, 2011.
   This review, by CPA Ric Nelson of Watkins Meegan, provides all the essentials you need to know.
• Borrowed Genius – Cloud Integration Platforms Deliver Dramatic Benefits.
  

  In this whitepaper series Jay Ethridge and Joe Jezior of Technology & Business Solutions (TBS) review the vulnerabilities associated with traditional custom software integrations, explore the facets of the integration lifecycle and how ETL technology delivers dramatic efficiencies, and itemize the benefits of today’s cloud- and platform-based integrators for organizations looking to connect their Accounting systems with their corporate HR, CRM or other systems.

• Buyers Guide: Today’s Reporting Tools vs. Deltek Report Writers
  

  The TBS Buyers' Guide to Deltek Reporting explores the differences between reporting tools, like Claritas, and report writers. One empowers users -- Project Managers and Financial Managers alike -- with information. The other delivers data, or raw facts.

• CAS Coverage and Disclosure Statement Determination
  

  For Government contracters looking to determine compliance requirements based upon contract (project) values, Cordia Partners offers this detailed flow chart "CAS Coverage and Disclosure Statement Determination".

• Comp Time Policies – Accounting Impacts for Government Contractors
  

  The term “Comp Time” is often overused and can mean different things to different people. These suggestions by CPA Stephanie Widzinski of Watkins Meegan, will help guide you as you develop your firm's comp time policy.

• Document Retention Policies: How Long Should You Keep Things On-File?
  

  When should you hold on to documents and when should you toss them? This reference guide from Watkins Meegan should help you keep your documents under control.

• Does it Rain in the Cloud? The Importance of Having an Umbrella Just in Case.
  

  This whitepaper, by Mike Mellor and John Harder, Partners with Argy, Wiltse & Robinson PC's Business Consulting Group, demonstrates why it is best to be prepared when considering moving any aspect of your organization’s operations to the cloud. A key part of that vetting process should include the internal controls in place at the service provider and reviewing the results of any assurance services that have been performed over those controls.

• Financial Audits – Deficiencies & Material Weaknesses & Their Meaning
  

  A financial statement audit is designed to express an opinion on the financial statements, not on the entity's internal controls. However, obtaining an understanding of these controls remains a key part of every financial statement audit. Phil Philips, CPA of Watkins Meegan helps explain the language surrounding control gaps and deficiencies.

• IT. Agility for Your Enterprise?
  

  This white paper by Jay Ethridge and Joe Jezior of Technology & Business Solutions (TBS) discusses how Enterprise Clouds are ushering in a new era of "Agile IT," technology that is flexible, nimble and scalable, empowering businesses to evolve and thrive. It’s the sixth in a series of TBS white papers on cloud computing that defines the enterprise cloud and discusses its benefits, why companies of all sizes, including Google, Microsoft and the Federal Government, are embracing it, and how you can leverage this new technology at your firm.

• New Software Integration model is “Genius.”
  

  In this whitepaper series Jay Ethridge and Joe Jezior of Technology & Business Solutions (TBS) review the vulnerabilities associated with traditional custom software integrations, explore the facets of the integration lifecycle and how ETL technology delivers dramatic efficiencies, and itemize the benefits of today’s cloud- and platform-based integrators for organizations looking to connect their Accounting systems with their corporate HR, CRM or other systems.

• Preparing Your Deltek GCS Premier System for 2011 Year-End
  
• Preparing Your Hosted Deltek Costpoint System for 2011 Year-End
  
• Preparing Your Hosted Deltek Vision System for 2011 Year-End
  
• Security of a Higher Level – Unparalled Security and Compliance with the Enterprise Cloud
  

  In our first three installments of the TBS Whitepaper Series by Jay Ethridge and Joe Jezior of Technology & Business Solutions (TBS) we’ve defined cloud computing and explored the differences between private and public cloud environments, and examined how public enterprise cloud hosting delivers a true reduction in costs, not just a transfer from in-house expenses to third-party charges. In this fourth installment in the series, we explore the security and compliance advantages of enterprise cloud hosting.

• Standardized Customizations – The Integration Lifecycle in The Cloud.
  

  In this whitepaper series Jay Ethridge and Joe Jezior of Technology & Business Solutions (TBS) review the vulnerabilities associated with traditional custom software integrations, explore the facets of the integration lifecycle and how ETL technology delivers dramatic efficiencies, and itemize the benefits of today’s cloud- and platform-based integrators for organizations looking to connect their Accounting systems with their corporate HR, CRM or other systems.

• Talented Imitators – Custom Deltek Integrations Create Vulnerabilities.
  

  In this whitepaper series Jay Ethridge and Joe Jezior of Technology & Business Solutions (TBS) review the vulnerabilities associated with traditional custom software integrations, explore the facets of the integration lifecycle and how ETL technology delivers dramatic efficiencies, and itemize the benefits of today’s cloud- and platform-based integrators for organizations looking to connect their Accounting systems with their corporate HR, CRM or other systems.

• Tax Law Changes for Businesses in 2010
  
  This article, by CPA Ric Nelson of Watkins Meegan, reviews the tax law changes for 2010 for businesses. The changes are the result of tax laws passed and regulations issued over the last couple of years.
• The Enterprise Cloud: Approachable and Affordable World-Class IT
  

  This white paper by Jay Ethridge and Joe Jezior of Technology & Business Solutions (TBS) examines how public enterprise clouds provide Fortune 500-level IT access, reporting, and integration for small- and medium-sized companies. It’s the fifth in a series of TBS white papers on cloud computing that defines the enterprise cloud and discusses its benefits, why companies of all sizes, including Google, Microsoft and the Federal Government, are embracing it, and how you can leverage this new technology at your firm.

• The Sky’s The Limit – Expect More from Your Deltek in The Cloud.
  

  In this white paper, Jay Ethridge and Joe Jezior of Technology & Business Solutions (TBS) show that as cloud delivery becomes more and more available and attractive, it’s time to expect more from the cloud. They outline four fundamental expectations any provider MUST meet before you should be confident in moving your most critical corporate software to the cloud. It’s the seventh in a series of TBS white papers on cloud computing that defines the enterprise cloud and discusses its benefits, why companies of all sizes, including Google, Microsoft and the Federal Government, are embracing it, and how you can leverage this new technology at your firm.

• Uncompensated Overtime & How It Impacts Government Contractors
  

  Many government contractors have found themselves in a “discussion” with DCAA auditors regarding uncompensated overtime at one point or another. The following article by CPA Kristen Soles of Watkins Meegan helps provide guidance regarding how to properly account for uncompensated overtime.