Miracle on the Diamond - A Wiss Softball Tale

By Wiss, Posted in Workplace Culture

By Jim Gerhard In the now famous 1980 Winter Olympics, the United States Olympic Ice Hockey Team played host to the Soviet Union Nationals. The Soviet team arrived in Lake Placid riding the tailwind of four consecutive Gold Medals, dating all the way back to 1964. At the time of the 1980 Winter Games, the Soviets hadn’t placed anything below 1st in nearly two decades.  In contrast, the US National hockey team consisted of amateur and collegiate players that coach Herb Brooks scrabbled together... read more.

Maintaining FAR Compliance of Overhead Rates for Engineering Firms

By Wiss, Posted in Engineering

By Amos Gibello For accounting departments of engineering firms that regularly seek government contracts, there are unique accounting practices that must be followed. One challenge is found in submitting overhead rates that are in compliance with Federal Acquisition Regulations (FAR). For firms unfamiliar with the process, this is unexplored territory; even the vast majority of CPAs are unaware of this area of accounting that’s not particularly complex but is highly specialized. Engineering firms wo... read more.