Government Contracting

At TMO, our dedicated professionals have a deep knowledge of industry best practices, including many who have specific experience holding management positions with government contractors. This unique experience working with government contracts enables our people to incorporate constructive business advice into the audit process. For instance, our attest procedures include a built-in evaluation of our clients’ contracting practices, which allows us to identify weaknesses, make recommendations, improve performance, and avoid future problems. TMO also provides key support to a large base of government contractor clients participating in the SBA’s 8(a) business development program, including monitoring of continued program eligibility requirements, supporting/managing compliance with relevant size standards, advising on reporting requirements, and more.

Our Audit and Assurance Services Group uses a customized approach that focuses on the risks and attributes of the Government Contracting industry, as well as those of each individual client organization. We build customized and value-added services into our audit process, including the following audit and assurance services:

• Financial statement audits, reviews and compilations
• Built-in Government Contracting-focused risk assessment
• Information systems assurance (SSAE 16)
• Internal audit and risk advisory
• Small business administration set-aside programs compliance
• Employee benefit plan audits
• Accounting system FAR compliance (FORM 1408) reviews

TMO employs a proprietary global audit methodology that enables us to conduct high quality, risk-based audits with maximum efficiency and minimal disruption to our clients’ operations and people. While all financial statement audits are required to comply with applicable auditing standards, audit firms use different methodologies to meet those standards, and the methodology used can have a significant effect on the quality and efficiency of service provided.

We’ve taken this one step further by developing industry-specific customization into our audit methodology, beyond the core industry-neutral auditing standards. Our industry practice leaders have developed specific audit content and compliance strategies for audit areas that are unique to our clients’ environments. This includes, but is not limited to, industry-specific testing strategies, risk supplements, working paper guides, and required communications customization to help ensure those matters most important to those charged with corporate governance are given the highest attention. As a result, our engagement teams are better equipped to understand our clients and their businesses, providing a higher quality audit with greater efficiencies.

Scroll down for the latest Government Contracting industry newsletters and alerts.

In a highly competitive landscape marked by significant government budget cuts, tax planning is a critical part of optimizing profit margins.

Backed by the knowledge and resources of our extensive national network, TMO delivers comprehensive tax advisory and compliance services designed specifically to meet the needs of government contractors. Our professionals bring innovative and insightful approaches to a variety of intricate tax issues – from helping smaller contractors convert to S Corporation status to helping large contractors claim research and development credits.

TMO’s Government Contracting Practice draws on experience and relationships across a virtually all industries, including manufacturing, technology and life sciences, nonprofit, higher education, and others. We publish a variety of newsletters and breaking tax alerts in tax areas such as state and local taxation, international, federal, and compensation and benefits. Additionally, the BDO Knowledge Tax Webinar Series provides insight and perspective on the tax issues most important to clients.

Effective tax planning can be critical to helping government contractors moderate tax liability and optimize profits in a highly competitive landscape. Federal and state income taxes are complex, and many organizations must address the additional complexities of local and foreign tax regulations. TMO works directly with our clients to effectively address their tax planning and compliance needs, allowing them to focus their energies on what they do best – growing and operating successful organizations. We offer insightful professional advice and a seamless experience across our extensive international network.

TMO’s tax professionals possess an in-depth knowledge of the intricacies of the full spectrum of tax services, and are available to assist in any aspect of tax planning, , analysis, income tax accounting, expatriate individual income tax assistance, and ocompliancether specialized tax services. Our team is dedicated to keeping up with proposed tax laws and regulatory changes, helping you remain tax compliant in the jurisdictions where you operate.

The federal government continues to tighten budgets and adjust the way it regulates and monitors government contractors, creating new challenges along the way. At the same time, new opportunities are emerging to improve processes and boost profitability.

TMO’s consultants work with government contractors on a wide range of projects including dispute resolution, regulatory compliance, and transaction advisory services, as well as litigation, fraud, and forensic services, including bid protests, claims, contract terminations, prime-sub disputes and investigations.

• Accounting System Design and Implementation
• Commercial Products
• Enterprise Resource Planning and Management Systems
• Environmental Dispute Advisory Services
• Government Contract and Grant Compliance
• Integrated Program Management (IPM) and Earned Value Management (EVM) Systems (EVMS)
• Labor Law Compliance for Government Contractors
• Outsourced Accounting
• Program Optimization and Project Controls Solutions

Our industry knowledge is shared with clients through quarterly newsletters, in-person training events, webinars, CFO roundtables and periodic client alerts. TMO also sponsors numerous industry conferences on legislative and regulatory policy issues and government procurement.