COVID-19 Relief for Government Contractors: PPP Forgiveness, Indirect Rates & the ICP

Описание: The accurate calculation of indirect rates is critical to budgets, proposals, provisional billing rates, and ultimately to company profitability. And the timely determination of final rates, final invoices, and contract close-out is dependent on the proper completion of the incurred cost proposal. By adding in PPP loans and Section 3610 funds, you create another layer of complexity to an already confusing process for small business owners. This doesn't even consider the tax implications of PPP loans and other CARES Act or FFCRA COVID-19 relief options. Did you know according to FAR 31.201-5, contractors must accrue to the government the benefit of any refunds, rebates, or credits received in the form of cost reductions or cash refunds? During this podcast, we will discuss why contractors may or may not want to apply for forgiveness as well as provide technical guidance on the proper calculation of rates and completion of the incurred cost proposal.

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