Strategic Consulting Solutions, Inc.

The New Overtime Rule and What it Means

The U.S. Department of Labor recently announced that there will be new regulations regarding overtime compensation for salaried workers. Under the previous rules, only salaried employees who earned less than $23,660 annually were entitled to paid overtime. With these new regulations, employees who earn $47,476 or less will be eligible for overtime pay. These new […]

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Government Contracting: Does Your Small Business Qualify?

Contracting with the federal government as a small business can be beneficial — in fact, 23 percent of all prime government contract funds are set aside for small businesses. The Small Business Administration (SBA) supports businesses that wish to work with the government, and if your business qualifies, you will have access to helpful resources. […]

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How to Build a Social Media Strategy for Your Business

You have heard time and time again that social media is a key component of a business’ marketing strategy. It seems like a simple concept to grasp – post to Facebook a few times a week and the follows, likes, and shares should start pouring in, right? However, what many business owners often do not […]

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Preparing for a DCAA Audit: Pricing and ICS Audits

Contracting with the Federal Government grants the DCAA authority to audit your accounting system. The DCAA conducts audits depending on whether this is a Pre-Award Review (before receiving a contract award) or a Post-Award Review (after receiving a contract award). Either way, it is critical to ensure that your accounting system is compliant with DCAA […]

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Eight Staple Tools For Startup Businesses

When it comes to entrepreneurship, one thing is obvious: Starting and running a business is no easy feat. With thousands of tools that claim to save business owners time and energy, it can be hard to cut through the clutter and hone in on the tools that will actually make life — professional and personal […]

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Three Cash Flow Mistakes to Avoid

Startup businesses can’t advance without some cash in the bank, and you can’t take care of overhead and pay the bills in IOUs from your clients. This is pretty straightforward stuff, yet even the most profitable business owners find themselves in a situation where they don’t have enough funds to operate. The question we want […]

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How to Recruit Millennials into Your Workforce

“Remember, children are our future…and there’s nothing we can do about it.” – Steve Rosenfield, Comedian Millennials are the fastest growing generation in the workforce, and companies — now more than ever — are looking for ways to recruit and retain these young minds. Millennials are defined as the generation born between 1981 and 1996, so […]

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Three Reasons Why Startups Fail

Statistics vary on the failure rate for startups, but it is generally estimated to be between 80-90 percent. While those numbers aren’t encouraging, the uplifting fact is that each new business has the ability to learn — and avoid mistakes — from the heavily researched topic of “why startups fail.” The truth is, entrepreneurs face […]

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How Women’s Small Businesses Contracting Just Made History

Women’s history month is upon us, so it seems timely that we take a quick moment to celebrate the strides women entrepreneurs have made in the past half century…and the great strides we are making today! Thanks to the Equal Pay Act of 1963 and the Women’s Business Ownership Act of 1988 (and their supporters), […]

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Three Reasons You Should Outsource Your Accounting

Do you know what outsourced accounting is and what it can do for your business? If you’re ready to grow your company’s bottom line and streamline your accounting systems (amongst others), maybe it’s time you consider the potential of outsourced accounting. First, it’s important to know what it is: Outsourced accounting allows an outside staff […]

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