Law firm Sheppard Mullin recently posted an excellent summary of the 2010 Small Business Jobs Act and its impact on federal contractors.   I am listing some of the pertinent points below, but you should read the full summary by clicking here.

Getting on the GSA schedule provides many opportunities for getting government contracts and significantly increasing revenues. A GSA contract:

You've spent the better part of the past year completing your offer to GSA and have successfully completed the months-long negotiation with GSA.  Your reward is you’ve obtained your very own GSA number.  Congratulations!  

With the 4th quarter of  the Federal fiscal year now over, every GSA schedule contractor will be submitting their quarterly sales report and remitting the Industrial Funding Fee (IFF).