Government Contracting

Busy government contractors can trust their accounting, audits, and taxes to us—gaining time and peace of mind.

GOVERNMENT CONTRACT ACCOUNTING PERSONALIZED FOR YOU

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.

“Having Thompson Greenspon handle my taxes is, frankly, a relief for me, as I absolutely KNOW the taxes will be prepared in a timely manner (assuming I provide the material also in a timely manner) and every effort will be made to ensure a good, honest, and fair tax “result”.  I’ve also had questions answered concisely and quickly about what is/is not tax deductible if I did not understand it via online or other searches. Now that I am retired this is even more important.”

– Danuta B.

GOVERNMENT CONTRACT ACCOUNTING SERVICES INCLUDE
FINANCES

Financial Reporting & Assurance

We offer a wide range of assurance services, audits, and business assistance for government contractors.

Learn More ›

Whether you need an audit, review, or compilation, we can assist you. We can provide overhead rate audits and FAR compliance along with ASHTO audits, and agreed upon procedure engagements. We can also interface with government agencies on your behalf.

Tax planning starts well before the tax year ends. Work with us to identify the best ways to minimize taxes while adhering to tax regulations. Count on our tax preparation services to ensure your taxes are done on time and correctly.

TAXES

Tax Center

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.

Find Tax Details ›

CONSULTATION

Advisory Services

Our advisory services include expert guidance whether you are starting a business, sharpening your strategic plan, or planning for succession.

Meet with an Advisor ›

Looking ahead to retirement or planning the next step, we can help you position yourself to accomplish your goals while minimizing your taxes.

If you’re pressed for time, we can take over your daily, weekly, and monthly accounting or finance function. You will receive expert assistance and have more time to build your business.

ACCOUNTING

Outsourced Accounting

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.

Delegate ›

GOVERNMENT CONTRACT INDUSTRY INSIGHTS
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, or largest, element used to allocate indirect costs. (more…)
Is Your Documentation Enough to Pass a DCAA Incurred Cost Audit?
Is your documentation adequate to pass a Defense Contract Audit Agency (DCAA) incurred cost audit? Flexibly priced contracts contain audit and post-incurrence audit and acceptance requirements for some or all costs. Many contractors...
Time and Materials Contracts: Improper Labor Classification is Risky
Improper labor category classification under U.S. government time and materials (T&M) contracts can result in cost disallowance, investigation, fines -- and even jail time. (more…)

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.