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What does Theresa Wilt think?

MBA Accountant specializing in Government Contractor Industry with 20+ years' expertise working with DCAA on FAR/CAS compliance, 12+ years' experience with Deltek Costpoint, GCS and T&E implementations, QuickBooks setups, business process analysis and improvements, policies & procedures, and ... See full profile

Augusto, It costs your company $10,000 per year per employee (family) for healthcare insurance? Just for the premiums? Do the employees not pay any...
Hi Damon - Thanks for sharing. So you are saying your Overhead costs are 20% of total direct cost and that same overhead number is 240% of direct...
Hi Mke, I agree with your post and were that where you where you choose to book ee pad absences can definitely impact your Fringe and OH rates. Your...
Hi Mike - I agree, I call that DCAA 101 and it is the first document I send to anyone new to Govt contracting. I believe you might want to clarify...
Roger - I just looked at two small manufacturers to answer your question and saw: Fringe 17% with OH 64% Fringe 9% with OH 72% Both with G&A 3%
Roger - I can certainly contribute to your suggestion. Your rates are very different than any I have seen (in 30 years of GovCon) at large &...
Hi Dick - I agree that OH cost can be split between fixed and variable, but that does not mean those fixed costs cannot be allocated over the...
Hi Augusto - Would I be safe to assume you do not work for US Government contractor? I would agree with the first part of your suggestion with regard...
Hi Ricardo - Just went to close this window and had a thought I should mention in case it is a concern with regard to confidentiality, because we can...
Hi Ricardo, I can probably definitely help you with this although since G&A does not travel alone, I am curious about the other rates, and what...
I work in the GovCon industry where every dollar of allowable indirect cost must be allocated as burden on direct costs on a causal beneficial...
Hi Carl-Looks like you got a variety of interesting replies here,some more or less to your point. In my opinion, regardless of whether 12/31 was a...
Jan - If your pay period ends on Saturday (1/1), isn't that also the last day of your period ending (1/1)? If your period ends on 12/31, then 1/1 is...
I agree with all the above so I would just add some of the ancillary benefits to these plans and also some cautions to watch out for or address in...
CFO.com is an excellent resource with daily emails on all the latest updates. Great chart, thanks for sharing. I have performed tasks in both of the...
MSP = "Managed Service Provider" can also be providing accounting personnel or other back-office staff experienced to perform functions on the hosted...
Michele - I agree it is best if employees think their paychecks are contingent upon timesheet submission, and they should be, even if not physically...
I have worked in the Governement contract industry over 20 years, where daily timesheet updates are requirement. The Government requires them of...
I agree with Len's comments that you should first assess your requirements and then do your comparison shopping. There are so many products to choose...