Accounting for Grant Management

February 2, 2017  Madison, WI

Start Date	February 2, 2017
End Date	February 2, 2017
Time	12:00pm - 1:00pm
Facility	Center For Technology Commercialization
Address	432 N Lake St Madison, WI 53706
Contact Info	wisconsinctc@uwex.edu 414.227.3165
Details	Read More Information
Register Online	Register for Event

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.

Register today to secure your spot.

Speaker(s): Ashley Kleibor and Wanda Bird from Smith & Gesteland Accountants and Consultants http://www.sgcpa.com/

About Smith and Gesteland: For almost two decades, S&G has dedicated themselves to the highly specialized area of grant management and accounting for SBIR/STTR grants and contracts. S&G works with clients across the country to ensure that their internal control and accounting systems are compliant with the requirements of the Federal Acquisition Regulations and agency supplemental acquisition regulations. S&G helps small businesses develop the most appropriate indirect rates, set-up and maintain an acceptable accounting system, and performs required compliance audits for grantees whose total expenditures exceed $750,000 annually.
Ensuring compliance with SBIR/STTR requirements is S&G’s top priority. In doing so, small businesses can form and foster successful relationships with the Federal government while avoiding repayments, penalties, delay or loss of the grant, and wasted resources on administrative duties.