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.
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