Personalized Accounting for Government Contractors
Thompson Greenspon has guided government contractors since 1956. We help small startups to large companies throughout the lifecycle of their business, serving rising stars in technology, communications, defense, security, and professional services.
You can count on exceptional service from the same partner and staff over the long term. Our continuity enables us to understand your business and keep you advised of changing compliance regulations. This expertise gives you peace of mind and time to focus on running your business. Whether you’re seeking your first contract, starting research and development, or pursuing a merger or acquisition and a smooth exit, we can assist you.
Our government contracting accounting
services include the following:
We offer a wide range of assurance services, audits, and business assistance for government contractors, including Overhead Rate audits, FAR compliance, ASHTO audits and SF 1408 Pre-award Survey Audits and Examinations.
When you’re busy running a business, it’s challenging to carve out time for taxes. Count on our tax expertise to help you keep up with, and take advantage of, ever-changing tax regulations.
Our advisory services include expert guidance whether you are starting a business, sharpening your strategic plan, or planning for succession.
We handle accounting and bookkeeping services for government contractors, allowing you to focus on the day-to-day operations that are most important to your business.
Auditing and advising clients on 401(k), 403(b), profit-sharing plans, and ESOP (Employee Stock Ownership Plans), as well as tax planning and assist with compliance with ERISA, Department of Labor and IRS regulations.
- Assistance with incurred cost submissions
- Assistance with DCAA audit compliance
- Designing or examining the accounting system for FAR compliance
- Structuring chart of accounts and indirect rate structures
- Consulting on designing policies and procedures
- Consulting on entity type and tax elections.
- Consulting on expansion plans in other states
- Consulting on accounting and time keeping software options
Connect With One Of Our Government Contracting Specialists
March 1, 2023
ERC Series, Part 1: Employee Retention Tax Credit Audits Have Begun
The Employee Retention Tax Credit (ERTC), also known as the Employee Retention Credit (ERC), is a valuable tax credit that…
February 22, 2021
Government Contractors: Two Issues to Consider Before Applying for the 8(a) Program
The Biden administration has proposed boosting spending through small business initiatives, including tripling the Federal goal under the Small Business…
September 13, 2016
Timekeeping Is a High Risk Area
For most contractors, direct labor costs are usually the most significant expense charged to government contracts and usually make up the base,…
September 13, 2016
New Rules Look at Compliance with Labor Laws
Final rules and guidance have been issued that require the federal government to take into account a federal contractor’s compliance with…
Our government contracting specialists have extensive experience in the field and are pleased to offer you personalized service. Contact us today to schedule a consultation.