Government Contractor Accounting | Consulting
The cornerstone of Penan & Scott, P.C.’s success in providing professional services emanates from our commitment to the entrepreneurial approach to business.
Business Valuations
Our consulting professionals listen, learn and collaborate on ideas that will help your business grow and add value over time.
We provide financial solutions for the accounting and consulting needs of any individual or business that sells or provides services or products to the U.S. Federal, state and local governments. Our expert knowledge of the specific requirements related to government contracts and federal acquisition regulations firmly positions us to deliver all professional services to the government contract industry, including:
- Pre and post contact review
- Contract pricing consulting
- Audits of overhead and indirect cost rates
- Obtaining financing and lines of credit
- Preparation of financial statements to meet financial institution, government and regulatory requirements
- Tax planning and return preparation
- Incurred cost report preparation and consulting
- 8(a) and SBA consulting
- Cost containment consulting for maximum profitability
In working with our clients, we gain an initial understanding of each business to identify its unique features. Collaboratively, we develop a long-term strategic plan, including systems for benchmarking growth. The customized plan is then implemented from a tax, cash flow and financial statement perspective.
Owners and high-level managers are guaranteed immediate access to our knowledgeable and experienced principals and senior managers. Through creative and strategic planning, we position ourselves, side-by-side, with government contractors to apply innovative financial solutions to our client’s issues and challenges, while maximizing their tax benefits.