As a Federal Government Contractor, you have a very unique set of needs. In addition to specific performance obligations under your contract, you must also fully understand—and comply with—over 2,000 pages of specialized requirements identified in the FAR. Non-compliance can result in serious sanctions, penalties, suspension of payments, termination of the contract, and/or ineligibility to receive future government contracts.
Add to that the fact that most Federal Government Contracts are subject to audits performed by the DCAA, and you can begin to see why Federal Government Contractors outsource these concerns to a trusted, qualified partner. Partnering with an accounting firm that has deep government contractor accounting experience is a smart move that eliminates accounting and compliance headaches and lets you concentrate on fulfilling your contracts.
Put a team of seasoned FAR and DCAA audit specialists on your side
As our primary area of specialization and with our close proximity to Wright Patterson Air Force Base, Federal Government Contractors form the foundation of our practice. When you select A.L. Schmidt CPA LLC, you're tapping into a team of seasoned accounting professionals, including those who have worked with the DCAA extensively—giving them hands-on expertise that is invaluable to your business.
Best of all, you can likely benefit from these specialized skills at no cost to your business, because our professional fees are often eligible to become part of your billings to the federal government.
Our DCAA Government Contractor Accounting Services
Following is a list of all the ways we can help:
- FAR 31 Compliant Accounting System Setup & Maintenance
- Cost & Pricing Proposals
- Incurred Cost Submissions (ICE)
- DCAA Audit Support
- Outsourced Accounting Services
- Small and Mid-Size Contractor Consulting
- Government Contractor Guidance
- Government Contractor Resources
For guidance on DCAA accounting matters, please contact Lee Schmidt or other members of the A. L. Schmidt CPA Tax Practice.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances