Government Contracting

Perhaps the greatest hazard that government contractors must overcome is competitively pricing their products and services. All this must be done while navigating through a complex set of statutes, regulations and contract clauses.

Many of the problems encountered from government agencies are linked to selecting the best indirect cost rate structure, controlling costs, maximizing cash flow and building your confidence in your ability to provide a quality product or service in a timely, efficient manner.

These challenges can be overcome with a proactive approach to managing your business. At Thompson, Greenspon & Co. P.C., we serve contractors who are looking for an accounting firm that can contribute to, not just report profitability. We offer specialized services from professionals with a deep understanding of how accounting, financial and business factors relate to specific government contracting issues.

Services Offered
 
Accounting Services 

• Audits, Reviews, and Compilations
• Contract Cost Control System
• Reporting Methods for Financial and Tax Accounting
• Financial Statement Analysis
• Expense Item Classification
• Budgeting Procedures

Tax Services

• Tax Planning and Preparation
• Entity Selection
• Entity Reorganization or Liquidation
• Tax Accounting Methods Election
• IRS Ruling Request
• Representation Before IRS
• Tax Planning and Preparation

Consulting Services

• Reviewing Indirect Cost Rate Structures
• Reviewing Indirect Cost Rate Structures
• Computer System Design
• Software and Hardware Selection
• Evaluation Compliance with Government Regulations
• Assisting with Interface with Government Agencies
• Assisting with Cost Proposals
• Maximizing Recovery of Costs
• Provide Support for 8A and Small Business Programs
• Business and Strategic Planning
• Business Acquisitions and Dispositions
• Succession of Ownership
• Pension and Profit-sharing Planning
• ESOP Planning
• Buy-Sell Agreement Planning
• Benefit and Compensation Packages
• Financing Packages and Assistance
• Annual Rate Submissions
• Personnel Training
• Accounting Procedures Manuals
• Recruitment of Financial Personnel
• Break Even Analysis

For more information, please feel free to contact the following individuals: