BDO Knows Government Contracting Newsletter - Spring 2018

While government contractors have always been rigorously regulated, tax reform, the new revenue recognition standard, and heightened cybersecurity concerns present new challenges for the sector. In the Spring 2018 BDO Knows Government Contracting newsletter, we break down how government contractors can proactively adapt to the evolving tax and compliance landscape.

 


The Top 10 Things Government Contractors Need To Know About Tax Reform

The $1.5 trillion new tax law represents the most sweeping change to tax code in a generation. Tax reform of this magnitude will have broad implications for government contractors.

Read the Full Article

 


Cybersecurity for Government Contractors: Next Steps

The U.S Department of Defense (DoD) has implemented new cybersecurity requirements for defense contractors via the DD Defense Federal Acquisition Regulation Supplement (DFARS) clause 252.204-7012, which became effective Dec. 31, 2017.

Read the Full Article

 


The 5 Pillars of an Effective Project Controls System

An effective project controls system does more than inform project stakeholders of delays, cost overruns, risks or technical issues. Beyond these functions, a successful project controls system enables trending analysis and forecasting to predict issues while there is still time to fix them.

Read the Full Article

 


How to Implement the New Revenue Recognition Standard

The deadline for implementation of ASU No. 2014‑09, Revenue from Contracts with Customers (Topic 606) has passed for public companies. Is your company, whether public or private, compliant with this new standard?

Read the Full Article

 


Additional Articles

Quarterly Regulatory Update
Significant Accounting & Reporting Updates

Related Resources

Article

A Look Back and a Look Forward at Trump Tariff Policy

July 24, 2025
Article

A Look Back and a Look Forward at Trump Tariff Policy

July 24, 2025

With sweeping tariffs set for August 1, global traders are reviewing past duties and preparing protests to secure potential refunds, especially for tariffs ruled illegal under IEEPA. Click to explore key deadlines, legal challenges, and what’s next for importers.

Read More

Article

IRS Promises Employer Transition Relief for Tips and Overtime Deductions

July 23, 2025
Article

IRS Promises Employer Transition Relief for Tips and Overtime Deductions

July 23, 2025

On July 14, the IRS released initial explanations (FS-2025-03) of the new deductions for tips, overtime, and auto loan interest, while pledging to quickly release more substantial guidance.

Read More

Article

Lawmakers Discuss Year-end Tax Priorities

July 23, 2025
Article

Lawmakers Discuss Year-end Tax Priorities

July 23, 2025

Several lawmakers have floated ideas for tax priorities for the rest of 2025, but the contentious political climate and lack of any obvious legislation vehicles will make enactment of a second tax package difficult.

Read More

Article

House Appropriators Propose Substantial Cut in IRS Funding

July 23, 2025
Article

House Appropriators Propose Substantial Cut in IRS Funding

July 23, 2025

The House subcommittee responsible for IRS funding approved a bill on July 21 that would cut the IRS budget from $12.3 billion in fiscal year 2025 to just $9.5 billion 2026.

Read More