It is not too late to take advantage of the tax deduction that getting on to a GSA Schedule Contract can and will provide.
Tax Savings – Contracting with a consulting firm to complete your GSA Schedule is fully tax deductible in the year the expenditure was made. Contracting with a consulting firm now rather than in the first quarter is advisable because it returns a major portion of your cash flow to the firm in terms of reduced income tax a year sooner.
8(a) STARS II Governmentwide Acquisition Contract (GWAC)
A GWAC or Government wide acquisition vehicle is a contracting vehicle set forth to allow Government buyers a listing of pre-vetted businesses that meet their agencies contracting needs. Use of contracting vehicles is said to reduce time spent and also to allow a streamlined approach to purchasing.
With a $12 Billion program ceiling and a five-year base period with one five-year option, 8(a) STARS II allows for long-term planning of large-scale program requirements while strengthening opportunities for 8(a) small businesses.
The base period of the contract is August 31, 2011, to August 30, 2016. The option period of the contract is August 31, 2016, to August 30, 2021. Orders issued on or before August 30, 2021, may continue performance through August 30, 2024.
8(a) STARS II includes four functional areas based on NAICS codes:
8(a) STARS II allows for directed task orders up to $4 Million, including options. Orders more than $4 Million must be competed among the industry partners in your chosen constellation and functional area.
BKM Management Consulting can help your businesses get onto the 8A Stars GWAC.
Call us today: 1-800-506-7539
DECEMBER 3, 2018 01:56 PM ET
10 Problems DHS Wants Innovative Small Businesses to Solve in 2019
The department will be offering millions of dollars to small businesses able to offer solutions to these 10 tough technical problems.
By Aaron Boyd,Senior Editor
The Homeland Security Department released a list of 10 bleeding-edge research areas it plans to pursue in fiscal 2019 in partnership with innovative small businesses. Go to : https://www.gsaadvantage.gov/advantage
The department’s Science and Technology Directorate and Countering Weapons of Mass Destruction Office announced Friday the tentative list of technical areas for this year’s Small Business Innovation Research, or SBIR, program. In the coming year, Homeland Security SBIR officials are proposing research into topics including using drones to detect radiological threats, sharing cyber threat data, using blockchain for forensic analysis, and advanced identity management—from DNA to cyberspace.
“The SBIR program provides an opportunity for innovative small businesses to find solutions that meet the technology needs of the department’s operational components and the nation’s first responders,” William Bryan, senior official performing the duties of the undersecretary for science and technology, said in the announcement.
Homeland Security’s SBIR program obligated almost $250 million across 805 awards from its start in 2004 through 2015, the latest year with data available on the www.SBIR.gov dashboard. The program hit its height in 2006 with almost $29.9 million in funds obligated to 95 projects.
In 2015, Homeland Security’s program obligated $20.7 million to 48 projects. This amount is relatively small when compared to the largest SBIR awarders that year: the Energy Department at $193.6 million, Health and Human Services at $714.4 million and the Defense Department at $956.9 million.
The list for 2019 includes eight topics under the Science and Technology Directorate and two more under the CWMD office’s program.
Reach-Back Capability for Fielded Rapid DNA Systems
Objective: Development of an accredited Homeland Security reach-back capability to review results from fielded Rapid DNA systems using the Office of Biometric Identity Management DNA store/match/share capability.