St. Petersburg, FL (PRWEB) December 23, 2011
US Federal Contractor Registration is urging business owners to complete any tax deductible business expenses before the year’s end, including CCR registration through a case manager. Careful timing of this investment can help government contractors reduce their 2011 tax obligation while also taking the first steps towards generating new revenue in 2012 through federal contracting opportunities.
The federal government has already awarded over $18 Billion in government contracts nationwide since October 1st, 2011, according to USASpending. Over half the contracts awarded so far have been awarded to small businesses. The United States Government is one of the world’s largest consumers, spending over $489 Billion on goods and services from private companies and awarding over $544 Billion in grants.
In order to be eligible for federal contracts, vendors must complete mandatory registration. This includes obtaining a DUNS number, completing CCR registration and submitting their ORCA filing. Individual agencies may also have their own registration requirements, such as the FEMA Vendor Profile registration.
Unfortunately, many vendors who try to complete their CCR registration on their own run into problems. The Georgia Tech Procurement Assistance Center has reported that nearly 20% of all current CCR records contain errors or omissions. Judy Bradt estimates that businesses spend an average of 20 months and $100,000 marketing their business to contracting agencies just to win their first contract. Problems with CCR and ORCA will cost those businesses even more time and money as even simple mistakes can disqualify a vendor from a contract award or even result in fines and punitive actions.
For this reason, many business owners turn to a third party registration firm like US Federal Contractor Registration. Just like hiring an accountant to handle their taxes, US Federal Contractor Registration’s case managers ensure that all the required registration for federal contracting is completed quickly and accurately. If any problems arise, such as IRS Validation Errors, their experience and knowledge allow them to immediately implement solutions.
Although many small businesses assume they can’t compete with big companies or fulfill the government’s needs, the reality is that over $92 Billion in contracts were awarded to small businesses during the 2011 fiscal year according to USASpending. Federal regulations such as the Small Business Act and assistance programs like the 8(a) Business Development Program also help create in-roads for small businesses to compete for government contracts.
Business owners can get immediate contracting help by calling the Contractor Helpline toll free at (877) 252-2700 ext 1. A Placement Specialist can then help them find current contracting opportunities, purchasing trends for federal agencies and review their registration for errors that could impact their ability to win government contracts. Business owners should hurry if they want to start their registration for government contracts before the end of the year; 2012 is just over a week away!
US Federal Contractor Registration is a third party registration firm that has helped thousands of businesses complete their CCR registration and bid on contracts. US Federal Contractor Registration pairs businesses with a dedicated case manager who helps them every step of the way from initial registration to bidding on contracts. To request a free evaluation and assessment by a Placement Specialist for your business, call the Contractor Helpline at (877) 252-2700 ext 1 or visit our website at https://www.uscontractorregistration.com/.