Novation and Recertification Requirements: A Post-Closing Guide for GovCon M&A Deals -
After the sale or acquisition of a business or its assets, there are often one or more post-closing requirements that business owners...more
The Corporate Transparency Act (CTA), which came into effect on January 1, 2024, has significant implications for government contractors and commercial businesses. This client alert summarizes recent developments in the...more
Keys to Avoiding GAO’s Timeliness Trap -
GAO’s recent decision in Marathon Medical Corporation provides a cautionary tale for government contractors seeking to protest the terms by which an agency conducts a procurement....more
The Employee Retention Credit (ERC)—sometimes called the Employee Retention Tax Credit or ERTC—is a refundable tax credit for certain eligible businesses and tax-exempt organizations that had employees and were affected...more
Acquiring a business can be a strategic move to grow, diversify, or compete in the market. Acquisition also involves significant tax implications that can affect the value and structure of the deal. Therefore, it is crucial...more
House Passes $460 Billion Package of Spending Bills. Senate Expected to Act Before Shutdown Deadline, Federal News Network -
The House passed a $460 billion package of spending bills Wednesday that would keep money...more
3/8/2024
/ Data Protection ,
Department of Defense (DOD) ,
Department of Labor (DOL) ,
Federal Acquisition Regulations (FAR) ,
Federal Contractors ,
Federal Trade Commission (FTC) ,
GAO ,
General Services Administration (GSA) ,
NDAA ,
SBA ,
Securities and Exchange Commission (SEC)
The IRS recently provided guidance addressing inadvertent terminations of S Corporation (S Corp) status based on existing provisions in corporate documents that remain after a company makes an S Corp election. This can be a...more
Federal Acquisition Regulation (FAR) Council -
Final Rule: FAR, Trade Agreements Thresholds: On February 23, the Department of Defense, General Services Administration, and National Aeronautics and Space Administration...more
2/29/2024
/ Department of Defense (DOD) ,
False Claims Act (FCA) ,
Federal Acquisition Regulations (FAR) ,
Federal Contractors ,
FinCEN ,
General Services Administration (GSA) ,
SBA ,
Securities and Exchange Commission (SEC) ,
Shell Corporations ,
Small Business ,
Special Purpose Acquisition Companies (SPACs)
Most business owners understand the need to create an entity to operate their business. However, beyond general knowledge, many owners are unsure of when is the right time to create an entity and which type of entity makes...more
General Services Administration (GSA) Final Rule: GSA Acquisition Regulation (GSAR), Removing Small Disadvantaged Business Program Requirements to Align with the FAR -
On February 15, GSA published a Final Rule amending...more
The Corporate Transparency Act (CTA) has been a hot topic for small business owners since its inception. As we approach its effective date on January 1, 2024, it’s crucial to understand CTA’s implications for small...more
2/20/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Federal Contractors ,
Financial Crimes ,
FinCEN ,
Ownership Interest ,
Popular ,
Reporting Requirements ,
Small Business