Expense
- 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. - Charge Trees
There is often quite a bit of confusion for new users with the concepts of Charge Trees. In reality however, Charge Trees do not have to be complex or difficult to manage.
- 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.
- Loading Per Diem Rates for Deltek’s Expense Module
Periodically the United States government will update the per diem rates for locations around the globe. These rates can be lumped into two groups, “CONUS”, which stands for Continental United States (includes all of the states except Hawaii and Alaska), and OCONUS which stands for Outside Continental United States. It is the responsibility of each Expense user to periodically download and upload the new rates to ensure accurate per diem amounts.
- Requirements for an Acceptable Accounting System
By ensuring that your accounting system is set up properly, Cordia Partners show you how you can limit risk, reduce costs, and improve the quality of financial and operational information that is critical to make informed business decisions.
- 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. - Time Events
The Events in Deltek’s Time are a powerful workflow management tool that can help users direct notifications and e-mail to the proper people an make the daily management of time more efficient.
- 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.
- Why Use Deltek’s Time & Expense?
Deltek’s Time & Expense is a time/expense entry system designed to provide greater flexibility and control in project/task and expense report management through the electronic entry and approval of employee timesheets and expense reports. Based on 15 user defined tables for data collection and a solid foundation of thoughtful design, Deltek’s Time & Expense (T&E) can meet the needs of a high number of business clients today.
