Government Contractors
Withum brings a unique perspective to the government contractor industry through a comprehensive suite of government contracting consulting services designed to help businesses remain compliant, efficient and profitable.
In today’s climate, it is apparent the government will continue to buy services from the private sector. With increased requirements and guidelines for growing audit, security and regulatory compliance, government contractors need to proactively improve internal controls, processes and procedures to stay competitive in the industry. Compliance is the key to a successful government contract.
Who We Help
We support Government Contractors across all major industries. Our clients include:
- 8 (a) Organizations
- Tribal Nations
- Native Hawaiian and Alaskan Organizations
- Not-for-Profits
- Publicly Traded Companies
- Federal Grant Recipients
- Department of Defense (DoD) Contractors
We serve organization ranging from start-up to multi-billion dollar corporations
Government Contractor Challenges and Trends
A compliant business system with DCAA/DCMA and other federal agencies is crucial for ensuring timely and accurate financial data, which is essential for continued growth in the federal market space. Having a compliant accounting system is not solely based on the specific accounting software for government contractors but “system” also includes policies and procedures and manual actions performed outside of the accounting software.
Proactively and strategically manage your indirect rates to ensure accurate billing, cost recovery, and financial forecasting throughout the contract lifecycle. Effective incurred cost proposals will properly reconcile provisional rates with actual costs, maintain audit readiness, and comply with federal regulations.
An effective pricing strategy is a key factor to the financial success of the program or project. Understanding the differences between provisional billing rates, forward pricing rates, and predetermined rates should support the overall pricing strategy of the organization.
Government contractor ERP and accounting systems must support compliance with FAR and Cost Accounting Standards, accurate cost tracking and cost allocations, and the efficiency of financial and management reporting .
Learn more about Digital Transformation and ERP Implementations
Achieving CMMC compliance allows contractors to protect sensitive information, reduce the risk of cyber threats, and enhance their reputation within the defense industry. This certification not only helps in safeguarding their operations but also positions them as reliable partners in the defense supply chain. CMMC consulting ensures that contractors meet the stringent cybersecurity requirements set by the Department of Defense, which is crucial for securing and maintaining contracts.
Government Contractor Services
Accounting Services
- Accounting Software for Government Contractors
- Tax Planning and Compliance
- International Tax
- Transfer Pricing
- R&D studies
- State and Local Taxes
- Grants Management
- SF1408 PreAward Survey
- DCAA Accounting System Reviews
- DCAA Audit Support
- Incurred Cost Proposals or Submissions
- Strategic Pricing or Forward Pricing
- Financial Statement Audits, Reviews, and Compilations
- Overhead Rate Audits
- Examinations and Agreed Upon Procedures
- CASB or CAS Disclosure Statements
Advisory Services
- Contracts and Subcontract Management
- Digital Transformation
- Process Automation
- BABAA Certification
- Certified Payroll
- Succession Planning
- Valuation Services
- Transaction Support for M&A
- Cybersecurity Framework Consulting like CMMC and NIST Compliance
- Audit Readiness and GAP Assessments
Why Withum
Withum’s Government Contractors Team works with businesses in virtually all industries. From technology and construction to base operation staff, manufacturing, architecture and engineering, healthcare and pharmaceuticals, we pride ourselves on our core knowledge of the regulatory environment. We provide a wide array of services designed to enable government contractors to maximize their revenues while maintaining compliance with all applicable government regulations. We are more than accounting professionals we are business advisors dedicated to the growth of your organization.
Our Government Contractors team includes:
- CPAs
- CGMAs
- Former DCAA auditors
- CCIFPs
- ABV professionals
- PMPs project management professionals
- CM&AA
Receive an Incurred Cost Proposal Submission Estimate
Government contractors that use Withum for their incurred cost proposals (ICP) save valuable time and resources and gain confidence in the accuracy, compliance and punctuality of their submissions.
Industry Involvement
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
Leadership
Insights
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