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Do you qualify for a small business accounting firm?

by Mary Stucke

I recently read an article in Accounting Today stating “the American Institute of CPA’s told a congressional subcommittee that it should urge the U.S. Small Business Administration (SBA) to increase its small business size for small business accounting firms to $25.5 million from the current $8.5 million.”

What does this mean for you?

The SBA’s size standards define whether a business is small and thus eligible for government programs and preferences reserved for small business concerns.  According to the article, this could have a significant impact when accounting firms classified as small compete for larger contracts in the federal marketplace.

Click here to read the full article.

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