BDO Knows Government Contracting Newsletter - Spring 2018

March 2018

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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.
 
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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.
 
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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.
 
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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?