PWCPA Blog
Massachusetts DCAA Compliance: How to Prepare for Your Next Audit with Confidence
If you're a government contractor based in Massachusetts, staying compliant with DCAA (Defense Contract Audit Agency) requirements isn't optional—it's essential. Whether you're navigating federal contracts for the first time or managing multiple award contracts, a...
Are You Leaving Money on the Table? Recovering Allowable Costs with Better Rate Structures
In federal contracting, revenue isn’t just about what you bill, it's about what you recover. And too often, contractors leave money on the table due to underdeveloped or inaccurate indirect cost rates. At PWCPA, we specialize in helping businesses build rate...
Virtual CFO Solutions for Dracut Entrepreneurs: Managing Finances Without the Overhead
Running a business in Dracut is no small feat — and if you’re like many local entrepreneurs, you probably wear a lot of hats. CEO, marketing director, HR manager — and yes, sometimes even chief financial officer (CFO). But here’s the thing: You shouldn’t have to do it...
The Hidden Costs of Non-Compliance: Why Government Contractors Can’t Afford to Guess on Accounting Rules
Government contracts can be lucrative but they come with strings attached. Among the most critical? Compliance with the Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS). Yet, too many small to midsize contractors make one dangerous mistake:...
DCAA Audits Demystified: Common Compliance Pitfalls and How to Avoid Them
If you're a government contractor, small business, or startup working with federal agencies, DCAA audits are a reality you can't afford to overlook. The Defense Contract Audit Agency (DCAA) ensures that companies receiving federal funds are properly accounting for...
Behind Every Successful Government Contractor Is a Strategic Accountant
Government contracting is not for the faint of heart. Between FAR, CAS, DCAA audits, cost ceilings, and compliance reports, even experienced contractors can find themselves overwhelmed. That’s where a knowledgeable, specialized accountant becomes more than a service...
Optimizing Indirect Rates: How a Virtual CFO Can Help You Stay DCAA Compliant
A small IT government contractor in Virginia thought they had their finances in order—until a DCAA audit revealed indirect rate miscalculations. Their overhead costs were too high, making them uncompetitive for new bids, while improper cost allocations led to...
Beyond Compliance: Why Government Contractors Need Strategic Financial Partners
For many government contractors, working with an accountant is about one thing: staying compliant. And while compliance is critical especially when it comes to DCAA, FAR, and CAS it’s only part of the picture. The truth is, financial strategy and compliance go hand...
Incurred Cost Submissions: What Contractors Get Wrong (And How to Get It Right)
If you’re a government contractor with a cost-reimbursement contract, then you’re probably familiar with the Incurred Cost Submission (ICS) or at least you’ve heard the term. But despite its importance, many contractors treat ICS filing as an afterthought. The result?...