FINANCIAL INSTITUTIONS
GLOBAL ENTERPRISES
GOVERNMENTAL
GOVERNMENT CONTRACTORS
HEALTHCARE
INFORMATION TECHNOLOGY
MANUFACTURING
NOT-FOR-PROFIT
REAL ESTATE & CONSTRUCTION
NATIONAL RESTAURANT & RETAIL GROUP
 
 
nderstanding how the government’s regulations apply to your contracts and business can make the difference between prosperity and failure in the contracting space. The Government Contractor Services Group of Cherry, Bekaert & Holland understands this time-consuming and convoluted process because we have been there before. A solid business foundation and sound financial picture are critical to winning contracts with the government. CB&H can help you build that foundation with business counsel in the traditional areas of accounting and tax at the start of any advisory relationship.

Accounting, audits, reviews and compilations
Tax planning and compliance
State income, sales and use taxes
Recruiting and training personnel
Purchasing system reviews
Business valuations/M&A
Telecommunication consulting
Forensic accounting and litigation support
 
ith valuable insight as former government contract controllers/CFOs, former military employees and government procurement executives, tax professionals and technology specialists to guide them, our CB&H Government Contractor Services Group has consulted and worked closely with some of the leading companies in the fields of communications, construction, environment, IT, real estate, shipbuilding and repair, and more.
Through our own contract award on the GSA Schedule and our successful experience working with federal agencies such as GSA, SBA, DCAA, DoD and IRS on behalf of our clients, we know what these agencies want out of a contractor. CB&H understands the issues, and we can provide integrated solutions and guide our clients effectively through the contract process.
 
 
Our team helps our clients address the complexities that come with government contracting. We strive to remain responsive and attentive to our clients’ accounting and financial needs, while providing innovative and tailored consulting solutions across a wide range of service areas, including:
Organizing financing packages to secure lines of credit
Evaluating tax issues, including income, payroll, sales/use tax, personal property taxes and business licenses
Preparing 8(a) applications and assisting with SBA issues
Preparing or reviewing DCAA Incurred Cost Submissions
Interpreting agency regulations such as the FAR, DFAR, CAS, SBA Act including 8(a) guidelines, DCAAM and DOL regulations
Assisting with FAR cost allowability issues
Developing government property control procedures
Government compliant cost accounting systems
Provisional and retroactive billings
DCAA billing audit reviews
Quick closeout procedures
Contract closeouts (release of claims)
Requests for equitable adjustments and claims
Project scheduling, critical path analyses and earned value calculations
Cost and pricing analysis, and proposal preparation
Direct versus indirect recovery of cost
Creating and optimizing direct and indirect rate structures
GSA schedule preparation assistance
Provisional rate projections and requests
Development of budget models and cash flow analysis
Pre-award surveys
Financial capability reviews
Implementation, consulting and training (Deltek® System1, Deltek GCS Premier™, Deltek Costpoint®, QuickBooks and other systems)
Needs assessment
Development of customized accounting systems that meet government contract requirements
Wage determination issues and adjustments under the Service Contract Act, Walsh-Healy, Davis-Bacon Act, and other DOL wage and hour laws
Timekeeping processes and procedures
Executive compensation issues
Affirmative action plans
 
overnment Contracting represents one of the fastest growing industry niches serviced by CB&H. We are building a leadership position throughout the Southeast, with service hubs strategically located in Washington, DC and Hampton Roads to attract financial and consulting talent in the contracting space. We are also leveraging our core knowledge and experience in other contract-rich areas including Raleigh and Fayetteville, NC; Atlanta, GA; Mobile, AL and our Florida offices.
This centralized approach also allows our contracting professionals to stay informed about recent developments and market factors that affect this sector, and disseminate this information to clients and staff in a cohesive and efficient manner.

Given our high profile in the government contracting arena, we host and produce proprietary seminar series throughout the Southeast. Our professionals are frequent speakers on a number of contract-related subjects, such as: Surviving DCAA Audits; Closing Out Government Contracts; Tax Issues for Contractors: Unallowable vs. Nondeductible; Understanding Direct vs. Indirect Recovery of Costs; The Service Contract Act; FAR Cost Allowability Issues; GSA Schedule Contracting and the Davis Bacon Act. Please contact us for more information.

In addition, we actively support a variety of regional and niche trade and business organizations, which cater to government contractors. We have also built a strategic alliance with one the best known service providers in the contracting space – Deltek®.

 
 
 
 
 

 

Susan Moser, CPA

 
 

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