DEFENSE

Is your accounting system fully aligned with the Cost Accounting Standards (CAS) required for government contracts? Adhering to CAS is crucial for defense contractors, as non-compliance can lead to penalties or disallowed costs. Our firm provides specialized advisory and accounting services to ensure your cost allocation methods, financial statements, and compliance practices meet CAS requirements. By improving your internal accounting controls, we can help you avoid costly audits and ensure your government contracts remain profitable and compliant.

Are your indirect cost rates accurately calculated and compliant with government guidelines? Improperly set overhead or G&A (General and Administrative) rates can lead to reduced margins or rejected bids. Our accounting experts help defense contractors develop and optimize indirect cost rates that comply with federal regulations, ensuring you recover all allowable costs. Through a tailored cost structure review, we ensure your pricing strategies are competitive, compliant, and contribute to long-term profitability.

efense contractors are regularly subject to DCAA audits to ensure proper cost accounting and compliance with government contracts. Our firm helps prepare for and manage DCAA audits, reviewing your financial records, timekeeping systems, and cost allocation methods. We’ll help you identify potential issues before an audit occurs, allowing you to mitigate risks and avoid disruptions to your government contracts.

Could your business benefit from accelerated depreciation on your facilities and assets? Cost segregation studies allow defense contractors to reclassify certain building components and assets for faster depreciation, freeing up cash flow. Our team specializes in conducting cost segregation studies for defense contractors, ensuring your assets are categorized correctly for maximum tax savings. This study can significantly reduce your taxable income, providing funds for reinvestment into your operations or future contract bids.

How well are you managing cash flow across your government contracts? In the defense industry, maintaining positive cash flow can be challenging due to delayed payments and complex contract terms. Our firm helps defense contractors optimize their project-based accounting systems, tracking costs, billing milestones, and revenue recognition. We help ensure that your cash flow remains healthy, allowing you to meet payroll and operational expenses while avoiding cash crunches during long contract cycles.

and pricing are essential to winning government contracts while maintaining profitability. Our firm specializes in developing compliant cost proposals and bid pricing strategies tailored to defense contractors. By helping you allocate direct and indirect costs properly, we ensure your bids meet the requirements of government agencies, improving your chances of securing profitable contracts.

Are your retirement and employee benefit plans structured in compliance with government contract requirements? Compliance with the Employee Retirement Income Security Act (ERISA) and other federal guidelines is critical for defense contractors, especially when it comes to employee pensions and benefits. Our accounting firm offers advisory services for setting up and managing retirement plans, ensuring they are fully compliant with government regulations while providing employees with attractive, tax-efficient benefits that help you retain top talent.

With government contracts often involving complex performance obligations, the risk of financial exposure is significant. We provide advisory services that help defense contractors assess and manage financial risks related to project delays, cost overruns, and contract disputes. Our team helps design risk mitigation strategies that protect your organization’s profitability and ensure compliance with all contractual terms.