A paper that says "tax deductions" next to a notebook

Can You Take That Sweet 20 Percent Business Tax Deduction?

The Tax Cuts and Jobs Act passed in late 2017 brought a host of changes to the US tax code. The change that inspired the biggest buzz and perhaps the most confusion is the new 20 percent deduction of Qualified Business Income (QBI) for specified passthrough companies. Government contractors – along with their tax advisors – have been poring over the updated tax code ever since in an attempt to determine whether they can take advantage of this significant tax break.

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Government building with American flag

Here’s What It Takes to Become a Federal Government Contractor

Do you dream of landing contracts with the federal government? Becoming a qualified federal government contractor requires your business to complete a number of steps and meet specific standards that don’t apply to other types of work. For many small businesses, this additional effort pays off with new contracts and added revenue. If you’re ready to open the govcon door, here’s what you need to know.

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