Kids to Love

We selected the local Kids to Love Charity primarily for the dynamic support they are providing to foster children. Their ability to help them transition out of the system and into secondary education and job training impressed us the most.

The Oda Foundation

Our international charity is the ODA Foundation. ODA is making a tremendous difference in the lives of children in Nepal. One of our former consultants took a leap of faith and committed his talents to this organization. ODA is providing children with education, support and ministry opportunities in a part of the world that is in dire need of support.

Total Time Accounting in the Govcon Environment (Uncompensated Overtime for FLSA Exempt Employees)

A Whitepaper by John C. Shire, CPA, Director, Redstone GCI & Asa Gilliland, President & Director, Redstone Government Consulting

Based on DCAA’s track record of disregarding its own guidance on what are acceptable accounting methods for contractors incurring potentially significant amounts of uncompensated overtime, DCAA is very likely to see the risk sufficient to report what they see as a non-compliance as a significant deficiency and therefore recommend system disapproval and the implementation of a withhold.

Cost Accounting for Software Related Costs To Be Sold, Leased, or Marketed

A Whitepaper by John C. Shire, CPA, Director, Redstone GCI

Does Federal Acquisition Regulations (FAR) or Cost Accounting Standards (CAS) provide specific requirements when it comes to accounting for costs related to software to be sold, leased, or marketed in the future? The simple answer is “no”, however, a review of FAR Part 31 certainly supports that the cost is allowable and allocable to both individual contracts and as a benefit to more than one contract, based on the nature of the software related effort, provided the cost is reasonable. For the purposes of this whitepaper, we are going to assume the cost is reasonable in both nature and amount based on the prudent person in the conduct of competitive business test in FAR 31.201-3, determining reasonableness.