Government Contractors

Government Contractor Accounting and Auditing

Operating as a government contractor can be as challenging as it is rewarding, as companies face the added pressures of compliance with Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), and stringent oversight by the Defense Contract Audit Agency (DCAA).

Government Contractors

With decades of experience, KWC’s government contracting services team understands the intricacies of the federal marketplace and how to guide you through it while remaining focused on your bottom line. We function as your business adviser and partner, proactively identifying key areas for improvement and implementing solutions tailored to your business that optimize cost recovery and maximize your profitability.

With KWC you can expect the responsiveness, flexibility, and personalized attention of a small accounting firm with the breadth of expertise and team support of a large firm. Our comprehensive range of services enables us to deliver the right level of assistance for you, from the complete accounting and corporate tax needs of start-ups and owners to the project-specific needs of more established entities.

Our team supports government contractors of all industries and sizes, including Small Business Certified, 8(a), Women-Owned, Service Disabled Veteran Owned businesses, and mid- and large-sized firms in the following areas:

Government Contracting Compliance Services

  • DCAA compliant accounting system design, implementation, consulting and training
  • FAR Part 31 and CAS compliance
  • Indirect rate structuring and analysis
  • DCAA auditing preparation and management (pre-award, post-award, incurred cost submission)
  • Incurred Cost Submission preparation and review
  • GSA IFF reporting and withholding requirements
  • Employee benefit plans

Government Contracting Accounting and Consulting

  • Accounting system review, diagnosis, and maintenance
  • Outsourced accounting
  • Internal financial statement preparation
  • Budgets, forecasts, and cash flow analysis
  • Business process reengineering and application of best practices
  • Written policies and procedures (timekeeping, accounting, and operational)
  • Price proposals
  • Contract closeouts

Auditing and Assurance Services

Tax Planning and Compliance

Business Advisory Services

 

KWC specializes in providing tax, audit, accounting and business advisory services for businesses, individuals, estates, trusts, non-profit organizations, and employee benefit plans. Our diverse client base served includes industries such as professional service firms, government contractors, non-profits, real estate, construction and specialty contractors, and healthcare providers.

For more information on Government Contracting services at KWC contact:
Cindy Laporta or Terri O’Brien.

Industry Resources:
Defense Contract Audit Agency
Small Business Administration
General Service Administration

Partners:

Government Contracting Newsletter

Government Contracting is a quarterly newsletter that includes timely accounting articles on issues of interest to the government contracting industry.

2/2/2015 Government Contracting – Winter 2015
Current State of the Government Contracting Industry
7/15/2014 Government Contracting – Alert
Proposed Changes to the DFARS Business System Rule: Self-Assessments and External Audits – What Does This Mean?
3/15/2014 Government Contracting – Spring 2014
Current state of DCAA audits
1/28/2014 Government Contracting – Winter 2014
Doing Business with the Government: Administrative challenges faced by nonprofit organizations