Government Contracting

guidance for navigating a complex industry
There When it Counts

The Intersection of Core Accounting Services and Government Contracting Industry Knowledge

DHG Government Contracting provides assurance, tax and advisory services to hundreds of government contractors working with every area of civilian agencies, Department of Defense and intelligence agencies. We help strengthen compliance with applicable FAR and CAS requirements and enable companies to meet the expectations of oversight agencies such as SBA, DCMA, and DCAA. Additionally, we work to help improve current and, more importantly, future profitability. DHG combines core public accounting assurance and tax knowledge with the deep government contracting experience and a focus on industries that sell to the government.

DHG provides services to government contractors at all phases of the contract life cycle.

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Optimizing Your Ability to obtain and maintain government contracts

Helping Contractors Navigate a Complicated Market

DHG Government Contracting Services Group provides assurance, tax and consulting services to hundreds of government contractors, working with every area of civilian federal, Department of Defense and intelligence agencies. We not only strengthen compliance with SBA, DCAA, FAR and CAS, we work to improve current and more importantly future profitability.

Selling to the federal government brings with it extraordinary levels of cost control, reporting and documentation at all stages of the contract lifecycle. As compliance requirements, oversight, and cost pressures continue to increase, your company needs highly efficient operations, reasonable cost/price analyses and robust accounting practices to succeed in this highly regulated environment. 

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Our Service Philosophy

Our service philosophy includes timely, candid and direct communication with our clients. We understand the industries in which you work and the government requirements. This allows us to suggest specific ideas and best practices which will help you implement unique strategies, legal structures, regulations, processes and internal controls for your company. Our commitment to communication, our unrivaled depth of industry experience and our ability to provide timely insight on current challenges and trends are a few of the tangible benefits provided by DHG.

Services

Assurance

The government contracting assurance group expands on the generally accepted accounting and assurance principles and standards by leveraging in-depth industry knowledge and experience. This integrated approach delves into common pit falls, standard government contracting compliance issues, value drivers and overall management and profitability. As a result, our teams not only understand GAAP, GAAS and revenue recognition issues, but build into their processes an assessment of a company’s compliance with applicable regulations required by a company's government contract.

  • Annual Financial Statements and Auditing
  • Reviews and Compilations
  • Employee Benefit Plan Audits
  • Accounting System Adequacy (SF 1408) Survey
  • Agreed Upon Procedures
  • Budgets, Forecasts and Projections
  • Statutory Financial Audits
  • Attestation Engagements
  • Financial Statement Tax Provisions

Tax

Our government contracting tax group works closely with our assurance and advisory teams to help understand the industry risks and influences on planning and compliance decisions. These often lead into indirect rate recovery, executive compensation and allowability/allocability impact discussions.

  • Executive Compensation
  • Federal Corporate Tax
  • Financial Statement Tax Provisions
  • International Tax
  • Mergers & Acquisitions
  • R&D Tax Credits
  • Sales & Use Tax
  • State & Local Corporate Tax
  • Tax Process Improvement & Automation
  • Transfer Pricing
  • Wealth Management

Advisory

DHG has an extensive Government Contact Advisory practice comprised of former DCAA auditors with many years of DCAA audit experience, as well as other professionals with significant experience in government contracts. As a result, our industry focused professionals provide advice to our clients in all aspects of finance, accounting and compliance associated with government contracting. Our team delivers comprehensive regulatory compliance solutions to a broad range of contractors from the largest to the smallest. You will find an effective combination of expertise from these practice areas as permitted by independence standards.

Contract Compliance

  • Government Contracting Audit Support
  • Cost Accounting Standards (CAS)
  • Small Business Administration (SBA)

Contracting Strategy

  • Cost Allocation Structures
  • Cost Proposal Support

Dispute Consulting

  • Equitable Adjustments and Claims
  • Dispute Consulting

Business Solutions

  • All Six DFARS Business Systems
  • Accounting/MMAS
  • Purchasing/Estimating/Property
  • Earned Value Management Systems (EVMS)

Digital Forensics

IT Advisory

Risk Advisory

Business Solutions (Outsourced Accounting)

DHG’s Outsourced Accounting team provides accounting and bookkeeping support for government contractors. The team is knowledgeable of all aspects of basic accounting needs and the unique accounting requirements that contractors and subcontractors face on a daily basis. The Outsourced Accounting team specializes in helping small to mid-sized businesses. This knowledge includes applicable federal regulations for direct, indirect and unallowable costs, proper invoicing of costs to the government and allocation of cost to indirect pools. Our knowledgeable staff can support your business from payroll to project reporting and all the steps in between. We provide services across a wide array of support, from quarterly review services to day to day bookkeeping needs. We support many government contractor accounting platforms.

Bookeeping Services

  • Accounts Payable
  • Accounts Receivable
  • Cash Reconciliation and Reporting
  • Financial reporting
  • Job cost reporting
  • Journal Entries
  • Month-end close
  • Payroll processing
  • Timekeeping

Other Business Solutions Services

  • Business system implementation
  • Financial projections
  • Hands-on guidance for various business transactions and processes
  • Improve operational and financial reporting
  • New business system selection
  • Preparation of customer invoices
  • Streamlining accounting processes

Experience

Resourcefulness makes the difference

Government contractors require advisors that have extensive experience and insight in this sector yet function as a seamless team in anticipating and supporting their evolving business. In addition to having the depth of experience to support contractors in this fashion we are proactive with insights and ideas for this ever changing environment. We draw on our wide array of resources and government contract experience and deliver attentive, personalized service to help a contractor succeed.

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Knowledge Share

Upcoming Events

Webinar Recordings

People

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