05/31/2026
To close out May, here is something worth reading if you are in government contracting.
FAR compliance issues rarely come from contractors who ignore the rules entirely. They come from contractors who operate on the wrong assumptions.
These are the five myths we see most often, and what the reality actually is.
❌Myth: FAR only applies to large businesses.
❌Myth: Your general accountant has it covered.
❌Myth: Unallowable costs are easy to spot. Myth: Compliance only matters during an audit.
❌Myth: Fixed-price contracts are exempt.
Every one of these leads to real consequences when left uncorrected. If any of them sound familiar, it is worth a closer look.