A government award is an exciting, lucrative win for an organization. However, it can be a challenge to navigate the minefield of rules and regulations set by the US government.
The CPAs at GRF CPAs & Advisors are experts in the industry and thrive on helping government contractors stay in compliance. We help you understand and meet codes so your business can be as competitive as possible and capitalize on future federal contracts.
Why Government Contractors Choose GRF
Our specialists help businesses meet the rigorous standards set by the government.
When you work with GRF, you will have access to:
Specialized expertise
Our CPAs have extensive experience guiding government contractors (including nonprofits) to comply with all regulations and to prosper long term. They fully understand Federal Acquisition Regulation (FAR), Cost Accounting Standards (CAS), OMB Uniform Guidance (2 CFR 200) and other requirements. You will have access to their in-depth knowledge and advice.
Collaborative support
All departments within GRF work with government contracting clients. We provide traditional audit, review, compilation and corporate tax services and often handle the business owner’s personal income tax return. Our team approach ensures we deliver comprehensive services to our clients. Our industry experts can thoroughly manage any or all aspects of your finances.
Consistent communication
We serve as an advisor, so our team is in touch with yours regularly. We stay up to date with all laws regarding government work and will notify you of any changes affecting your company. We also handle outsourced accounting for many government contractors. In those cases, we act as the organization’s back office, skillfully managing all financial decisions and payroll.
Sophisticated technology
We use advanced technology to perform research and protect client data. We help government contractors make their accounting software compliant and can suggest applications and tools to boost their internal accounting capabilities. When you work with us, we act as your financial technology resource.
Peace of mind
Our team ensures that your business is in compliance with all critical regulations for government contractors.
Our Services for Government Contractors
GRF provides government contractors with attest (audit, review and compilation) services, income tax preparation and strategic planning, consulting and advisory services, business valuations and outsourced accounting.
Other services we provide include:
- Federal Acquisition Regulation (FAR), Cost Accounting Standards (CAS) and OMB Uniform Guidance (2 CFR 200) compliance, which ensures your organization is adhering to specific government standards
- Development of cost strategies
- Indirect rate determination, forecasting, and the development of effective cost and pricing strategies
- Negotiated Indirect Cost Rate Agreement (NICRA) support, including everything from helping you develop your NICRA to negotiating with your cognizant agency (the federal agency that provides your grant funding)
- Preparation and review of incurred cost submissions, which are documents that determine the indirect costs (salaries, benefits and more) you incurred during the year, and which may be used to settle your government contract
- Development of compliant accounting policies and procedures
- Audit support (accounting systems, financial capability, contract closeout and incurred costs)
- Mergers and acquisitions services – GRF works strategically with clients from startup to exit. We offer consulting services regarding equity incentives, overall structure, and exit planning strategies with computations to determine the most tax-effective pathway.
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