Can the New Tax Bill Actually Affect Your Beer Choices?

The new tax reform bill will affect your brewery in a good way. The Tax Cuts and Jobs Act included the Craft Beer Modernization and Tax Reform Act (CBMTRA), which brings relief to breweries on several levels. The first and most immediate relief is financial: a reduction in federal excise taxes. Smaller breweries—producing less than 6 million barrels per year—will now pay $3.50 per barrel, down from $7 per barrel, on the first 60,000 barrels, and then $16, down from $18,

Could Your Business Survive Debarment from Government Contracts?

Set Up an Appointment with one of our Attorneys Suspensions, Proposed Debarments and Debarments are used by agencies to protect themselves from irresponsible contractors. Federal Acquisition Regulation (FAR) Part 9.4 directs agencies to solicit offers, award contracts and consent to subcontracts only with responsible contractors.  The process for suspension and debarment is left to agency discretion.  The rule results from the efforts of the Office of Management and Budget to combat waste, fraud and abuse in the 1980s.  Suspension and debarment used

Can the IRS Take Your Passport for Unpaid Taxes?

On December 4th, 2015, the United States Congress passed the Fixing America’s Surface Transportation (FAST) Act. Soon after, the legislation was signed into law by President Barack Obama. As is the case with many large transportation bills, this bill contained provisions that affected many unrelated areas of law. Most notably, the FAST Act contained a tax provision that has major consequences for those who owe a lot money to the Internal Revenue Service (IRS): If you have seriously delinquent tax

3 Ways that the New Tax Plan Could Affect You

As reported by Fox 31 Denver, GOP leaders in the House of Representatives recently revealed key details of their tax reform plan. While this tax plan may not be signed into law, at least in its current form, it has already passed an important procedural vote. While this bill overhauls key elements of the corporate tax code, it also affects individuals. As such, all American taxpayers should have a basic understanding of how this plan might impact their wallets. Here,

Mergers and Acquisitions

Government Contract Legal Issues with Mergers and Acquisitions Government contractors have significantly increased mergers & acquisitions activity in recent years. A stream of recent stories in the Washington Post and New York Times has documented this. The acquisition of a business that has earned a government contract frequently provides the buyer an opportunity to increase its market share and strengthen its capabilities within an existing industry. The addition may also allow the new parent company to expand their portfolio to

Covered Defense Information

New Guidance Issued by Department of Defense Regarding Cybersecurity Regulations for All Defense Contractors A new clause in the Defense Federal Acquisition Regulations Supplement was added on 9/17/2017; DFARS 252.204-7012 – It describes how Covered Defense Information (CDI) must be protected inside the contractor’s system(s) and their use of the cloud. This is a new clause for government procurement personnel and contracting officers, issued by the Office of the Under Secretary of Defense. Many U.S. defense contractors, especially small and medium-sized businesses have

The HUBZone Unification and Business Stability Act of 2017

The federal government has never been able to achieved its goal of awarding 3% of government contracts to HUBZone-certified businesses. The program’s participation has dropped off since the redesignation of HUBZone areas by the 2010 decennial census. Some newly introduced legislation seeks to revitalize the U.S. Small Business Administration’s (SBA) Historically Underutilized Business Zone (HUBZone) Program. Click HERE for the SBA HUBZone Map The bill has been called “The HUBZone Unification and Business Stability Act of 2017”. It seeks “to clarify the definitions

Hurricane Recovery Contractors Recieve Emergency Procurement Authority

Several Federal agencies have implemented the following special emergency procurement authority and temporary national interest exemptions to assist with hurricane relief efforts: To help streamline and expedite procurements the General Services Administration (GSA) increased several special emergency procurement authority thresholds related to micro-purchases, $20,000 (up from $3,000). An increase of the simplified acquisition threshold was raised to $750,000 ($13 million for commercial items). An increase of the GSA’s simplified lease acquisition threshold was increased to $750,000. A GSA memoranda

New Privacy Act Training Rules for Federal Contractors

Federal government contractors must comply with new Privacy Act training procedures due to a final rule passed by the United States Department of Defense, General Service Administration, and National Aeronautics and Space Administration. Federal contractors are now required to meet training obligations to address the protection of privacy with the Privacy Act of 1974 and the handling and safeguarding of personally identifiable information. These new regulations became effective on January 19, 2017. To make sure that an individual is in full compliance with

NAICS Code Appeal

NAICS Code Appeal of The Bionetics Corporation SBA No. NAICS-5829 (2017) This case concerns the Small Business Act of 1958. Recognizing the importance of free enterprise and competition, the Small Business Act requires the U.S. Government to assign a fair portion of contracts and purchases to small businesses. The Small Business Administration (SBA) and its Office of Hearings and Appeals (OHA) oversee the administration of the Small Business Act. The SBA uses size standards and the North American Industry Classification System (NAICS) to define what