February 25, 2021

Start the New Year with all the tools your business needs to maintain contract compliance and excel financially. Join GRF’s Government Contracting Team for an overview of the compiled or reviewed financial statements required for 8(a) contractors at certain revenue thresholds. Participants will be able to anticipate what goes into the process for first-time compilations and understand the DCAA audit implications for small government contractors.

Government accounting experts will also discuss the advantages of adding a statement of indirect rates, specialized compilations for tax purposes, and formatting the Statement of Income for ease of reconciliation to the DCAA ICE indirect rate template or reviews. Don’t miss a demonstration of an annual budget that generates an indirect rate as a pivot table that can also be updated throughout the year and used for year-end tax planning. Finally, our team will also discuss the advantages of a few cloud-based solutions such as Bill.com, Nexonia and the benefits of using Intacct vs. QBO to streamline your accounting processes and systems.

Slide Deck

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Paul H. Calabrese | Principal, Outsourced Accounting & Advisory Services

As a Principal in the firm’s Outsourced Accounting & Advisory Services group, Mr. Calabrese brings a successful track record of working with both nonprofit organizations and government contractors. Mr. Calabrese has hands-on experience with the Uniform Guidance for Federal grants recipients including nonprofits, universities, hospitals, and state/local/tribal units of governments. His background and skill-set includes grant cost accounting, sub-recipient monitoring, preparation of over 100 indirect rates/NICRA for several Federal agencies, development of policies and procedures, medical management systems invoicing to state Medicaid agencies, and development of a toolkit for unit cost rates for Ryan White HIV AIDS HRSA awards. He has also developed grant and financial statement dashboards and performed outsourced CFO duties, annual budgets, cash flow projections, grant draws and budget monitoring.


Steve Lyons, CPA | Manager, Outsourced Accounting & Advisory Services

Steven Lyons, CPA is an outsourced accounting and advisory services manager with GRF CPAs & Advisors and has been with the firm since 2006. Since 2001, Mr. Lyons has worked in the accounting and financial industry and his expertise ranges from audit assurance, accounting outsourcing, and financial statement preparation. His responsibilities include overseeing and completing reviewed and compiled financial statements according to Generally Accepted Accounting Principles (GAAP), and outsourced accounting engagements for both nonprofit organizations and for-profit businesses.


Yevgeniy Sukhenko | Manager, Outsourced Accounting & Advisory Services

Mr. Sukhenko is a Manager in GRF’s Outsourced Accounting & Advisory Services department. He is responsible for providing full-cycle accounting services including the management of full and partial outsourced accounting engagements, financial stability analyses, indirect rate calculations and incurred cost submissions, implementation of new accounting standards, accounting system assessments and accounting technology solutions for a variety of clients.