(301) 620-9101 | info@hlacpa.com

Government Contractors

Government Contractors

The accounting and financial challenges government contractors face are even more complex than those traditional private sector business owners experience. Ever-changing government agency requirements make it difficult for small business contractors to remain in compliance, particularly those with a limited in-house accounting staff.

We meet government contractors’ needs with accounting system compliance, incurred cost submissions (ICS), Federal Acquisition Regulation (FAR) consulting, and Defense Contract Audit Agency (DCAA) audits.  Our services include:

  • Setting up or reviewing accounting systems to comply with contractual obligations, and include cost accumulation and allocations.
  • Modifying existing accounting systems for adequate job order or standard cost system controls to monitor contracts.
  • Applying the most advantageous overhead cost structure to maximize revenue
  • Evaluating cost or overhead pool structure allowability
  • Preparing responses to government audit positions on questioned costs or cost pool structure
  • Assisting in negotiations and settlements with government representatives.

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 Testimonials

"We not only succeeded in reversing our financial dilemma, but also established an exciting, new open line of company-wide communications."

Margaret Koogle, Lilypons Water Gardens
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"During the Strategic Performance Management (SPM) facilitation sessions, I was really surprised by my employees’ enthusiasm. My involvement in day-to-day operations and my stress level have decreased significantly."

Eddie Henline, Glass and Mirror Services, Inc.
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"Those accurate financial statements have been essential in NaturaLawn successfully opening up new franchise locations throughout the United States."

Phil Catron, NaturaLawn of America
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"I appreciate the thoroughness. I can speak intelligently and with confidence with the information provided by you."

Rob SilkMCS Graphic Productions [Business Valuation Summary]
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