Women-Owned Small Business Alert: SBA Proposed New Rule to Change Government Contract Eligibility
by Eric Cohen • August 9, 2010 • Government Contractor Accounting • 0 Comments
The Small Business Administration issued a proposed rule to make numerous changes to its 8(m) program for women-owned small businesses and economically disadvantaged women-owned small businesses. The Commentary summarizes the more significant changes in the SBA’s proposed rule:
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Elimination of the need for repeated certification submission to contracting officers.
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Regulation of the income standards for economically disadvantaged women.
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Expansion of the WOSB Program industries from three to 83.
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Broadening of the joint-venture requirements to allow a wider variety of partnerships.
Click Here to read the entire commentary written by Andrew J. Sherman of Jones Day and SECAF General Counsel.
About Eric Cohen
Eric Cohen, CPA is the President and Founder of E. Cohen and Company CPAs, a full-service CPA firm serving nonprofit organizations, government contractors, professional service companies and other industries with audit, tax and business advisory services for over 20 years. The firm was commended as a SmartCPA Reader's Choice by SmartCEO magazine and a Top 10 “Best Accounting Firm to Work For” by AccountingToday magazine. For more information, visit www.ecohencpas.com or call 301-917-6200.