February 2, 2017 12:00 PM - 1:00 PM CST
You know that compliance is crucial to the success of your grant, but is your business equipped to handle the funds you receive? If you answer “no” to any of the questions below, this webinar is for you!
• Did you know it is impossible to report 100% effort on your SBIR/STTR project?
• Did you know that there are certain costs that are not allowable under an SBIR/STTR award, such as patent and advertising costs? These costs must be covered by the business.
• Did you know penalties for inappropriate reporting can result in termination of your award?
• Did you know that a business incurring more than $750,000 in grant expenditures during their fiscal year will require a compliance audit, performed by an outside, independent certified public accounting firm?
If you are considering an SBIR/STTR award or are preparing to receive an award, let our experts at Smith and Gesteland help you avoid common mistakes that could result in big penalties for your business.
During this free webinar, we’ll take a close look at the most common compliance pitfalls that companies experience. From inadequate internal control systems, misallocation of costs, inaccurate time and effort reporting, we’ll cover the issues and how to avoid noncompliance. Because many of these pitfalls involve a solid foundation for tracking costs, we’ll also take you through a brief case study to illustrate how to use spreadsheets and QuickBooks to manage SBIR/STTR compliance.
Learn from the experts, Ashley Kleibor and Wanda Bird, from Smith & Gesteland Accountants and Consultants.
Register today to secure your spot.
(Meeting details and call in information provided with registration.)
You may also be interested in our upcoming In-Person Training events!