When contracting with the U.S. government, businesses must adhere to the strict compliance standards of the Federal Acquisition Regulation (FAR) in order to properly calculate overhead rates. Errors can be costly so government contractors are wise to get assistance from a qualified CPA who has been trained in how these rules work. At Financial Advisory Systems, PLLC, we're very familiar with FAR regulations and will provide the comprehensive advice, guidance, and support to help you comply. We'll assess your accounting processes and show you how to put the procedures and internal controls in place to calculate your overhead rates in harmony with all FAR requirements.
You can have confidence in the accuracy of your rate calculations when you team up with us because our CPAs and accountants are fully qualified in all aspects of government contract accounting. From businesses with a single contract to those managing large government projects, we have the skills and experience to ensure that your calculations are compliant with FAR.
FAR compliance for government contractors:
- Bookkeeping process review
- Converting accounting systems to line up with FAR regulations
- Assistance with overhead rate calculations
- Internal controls evaluations and enhancements
Please call our office at 571-379-5828 or 703-330-6544 and ask for John Beauchemin. We offer a consultation for area business owners.