GovCon Wednesdays Estimated Read Time: 5 minutes As government contractors prepare to close out the year and transition into 2026, one of the most important steps is reviewing vendor payments, ensuring proper documentation, and preparing for updated IRS reporting requirements. This year is especially important because the One Big Beautiful Bill Act has introduced new reporting thresholds that will take effect for the 2026 tax year. If your business does not prepare now, next year’s… Read More
Accounting Blog | Fairfax VA CPA firm