Quickbooks & Cost Accounting classes this Thursday & Friday!

Having trouble viewing this email? View it as a Web page.

South Carolina District Office

u s small business administration

Featured Events

Growth

QuickBooks Installation & Optimization

SBA 7(j) provider Ruffin Consulting will be on hand to demonstrate how small businesses can establish a QuickBooks Defense Contract Audit Agency (DCAA) compliant accounting system.

Also, Ruffin Consulting will discuss the importance of establishing company-wide standard Accounting Operating Procedures (AOPs) to mitigate contract performance and reporting risks.

Key Terms/Topics: What it means to be DCAA compliant; Estimating and Accounting Systems Integration; Actual Indirect Rates and Multipliers Development; Written Accounting Operating Procedures (AOPs), and more.

Free lunch will be provided.

Thursday, June 20, 2019 - 8:30am EDT
Strom Thurmond Federal Building
1835 Assembly St., Columbia, SC 29201

Register


Money

Cost Accounting

SBA 7j provider Ruffin Consulting will be on hand to explain accounting requirements for Federal contracting in accordance with FAR Part 31.

In addition, Ruffin Consulting will discuss the importance of implementing a job cost accounting system.

Key Terms/Topics: Setting up a job cost accounting system; How to prepare and submit a Pre-Award Accounting system survey (SF 1408); The importance of maintaining updated Indirect Rates and Multipliers; Coaching and Training on how to Prepare, Support, and Negotiate a Fair and Reasonable Federal bid; Davis Bacon Act (DBA), Service Contract Act (SCA), and much more.

Free lunch will be provided.

Friday, June 21, 2019 - 8:30am EDT
Strom Thurmond Federal Building
1835 Assembly St., Columbia, SC 29201

Register


Information Corner

SBA Proposes Certification Rule for Women-Owned Small Businesses

Seeking Comments by July 15

On May 14th, the U.S. Small Business Administration published a proposed rule that will provide a free online application process for women-owned small businesses to be certified and eligible to participate in the SBA’s Women-Owned Small Business Program or access contracts as a Women-Owned Small Business (WOSB) or Economically Disadvantaged Women-Owned Small Business (EDWOSB).  The SBA is seeking public comments on the proposed rule by July 15, 2019.  To submit comments, visit: https://www.federalregister.gov/documents/2019/05/14/2019-09684/women-owned-small-business-and-economically-disadvantaged-women-owned-small-business--certification.

The following proposals are included in the new rule:

  • Allow participation from an expanded list of federal and state entities with existing certification programs, and confirm the continued participation of approved third-party certifiers.
  • Eliminate the self-certification option consistent with the Small Business Act as amended within the  National Defense Authorization Act for Fiscal Year 2015, Public Law 113-291, and require approved third-party certifiers to notify applicants of its fees and the option to use SBA’s free online certification process.
  • Adopt a $750,000 net worth standard when assessing economic disadvantage for EDWOSBs and continuing eligibility for the 8(a) Business Development Program.

The proposed rule will bolster the number of federal contract awards to WOSB and EDWOSB-certified businesses and better empower agencies to meet the 5% federal contracting goal for women-owned small businesses.  Currently, contracting officers must review a contract awardee’s documentation to verify an applicant’s WOSB and EDWOSB eligibility. By establishing a transparent, centralized, and free certification process, the SBA aims to provide contracting officers with reassurance that firms participating in the WOSB Program are eligible for awards and encourage them to set aside contracts for women-owned small businesses.


Upcoming Events

Full SBA and Resource Partner Calendar


How Are We Doing?

Let us hear from you! Please take a few minutes to let us know how we are doing by filling out the customer experience survey at https:www.sba.gov/feedback.