Services
Government Agencies
There are not many CPA firms that can successfully negotiate the complex accounting needs of government agencies. Yet, since 2005, PGS has successfully provided financial audits, accounting support, and related services for Federal, State, and Local governments.
Download Our Capabilities StatementIndeed, our CPAs have a combined 65 years of experience serving the Federal agency market alone. We not only provide top tier accounting services but also provide our clients with innovative business solutions to help them meet budgeting and reporting goals.
PGS regularly contracts to provide the following services to government entities:
- Financial Management Support
- Internal Control Support – Program Related Controls
- Compliance Reviews and Audits
- Financial Statement Reviews and Audits
- Contract Monitoring and Closeout
- Pre-Award & Post-Award Audit Survey Support
- A-123 Internal Controls Support
- A-133 Financial Audits
- Performance Audits
- Incurred Cost Audits & Analysis
- Financial Data Analysis & Risk Analysis
PGS is certified as:
- 8A Small Business (8A)
- Small Disadvantaged Business (SDB)
- Veteran Owned Small Business (VOSB)
- Women Owned Small Business (WOSB)
- MD - Minority Owned Business (MBE)
Government Contractors
As a government contractor, you know that your business is unique and your accounting needs are complex. Even the most seasoned contractors can become overwhelmed with the vast accounting regulations, standards, and practices required by Federal, State, and Local agencies, including the Defense Contract Auditing Agency (DCAA) and other oversight organizations.
Our team has a strong grasp on accounting principles, audit complexities, and relevant standards, including Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), Truth in Negotiations Act (TINA) issues, and prevailing wage/benefit compliance (SCA, DBA). We can also help small business owners capitalize on government stimulus programs that provide stability during uncertain economic times.
The truth is, compliance is critical in government contracting. One bad audit can mar lucrative and ongoing relationships with government agencies. For many contractors, existing systems may not be up to the task of financial reporting in a government environment. For others, the burden of keeping up with an ever-changing regulatory landscape can be daunting. We help all government contractors – new and old, big and small – to get set up for this type of work and to remain in compliance over the long haul.
Our CPAs are highly experienced in the following aspects of government contract accounting:
- FAR, CAS, TINA
- DCAA Audit Support
- Cost Accounting Support
- Incurred Cost Submissions
- Cost Proposal Support
- Direct and Indirect Rate Calculation
- Accounting and Financial Reporting
- Forecasting and Projections
- Debt Management
Non-Profits
The PGS non-profit accounting professionals have over twenty years of experience in this industry. Unlike many CPA firms, our team understands the unique tax laws and complex reporting requirements that impact the non-profit sector.
Through the years, PGS has developed lasting relationships with a diverse group of not-for-profit organizations, including churches, education and mentoring programs, as well as organizations that provide housing and rental assistance to veterans and other socially disadvantaged groups.
Our non-profit accounting services include:
- Business advisory services
- Assistance in preparing & implementing budgets
- SAS 115 compliance
- Grant close-outs and resolutions
- Preparation of 501c3 applications
- Internal control reviews
- General ledger accounting
- Analysis of grant requirement compliance
- Exemption planning, compliance & reporting
- Information return preparation & compliance
- Financial projections
- Cash flow analysis
- Outsourced accounting and CFO services
Small To Large Businesses
Businesses run the gambit from small to large and cover a multitude of industries such as Government Contracting, Law, Engineering, Finance, Manufacturing, and more. Though their specialties and business practices may differ, their tax structures and planning concerns are similar. For example, they’re all regulated by IRS Tax Code provisions. Additionally, they are all keenly interested in protecting and growing their assets.
Our professional services team is well prepared to meet these challenges and to assist with operational issues that impact these firms’ profitability and cash flow. Although such issues are often put in the hands of in-house staff, the ever-changing nature of tax and finance regulations dictates oversight from an experienced accounting team.
Additional Services specific to professionals include:
- Identifying key options for growth & improved cash flow revenue
- Identifying key profit drivers and key costs drivers
- Strengthening business & personal cash flow by using better tax planning strategies
- Generating cash flow forecasts to ensure the business remains on target with goals
- Access to professional resources like trade contacts, suppliers, or even potential investors
- Accounting and accounting software setup
- Bookkeeping
- Payroll processing
- Business advice
CFO Services
Let’s face it, sometimes the financial aspect of running a business can be the most daunting. Nonetheless, dire consequences can result from a lack of attention in this area. Our Chief Financial Officer services team provides capable, professional oversight for your company’s finances and systems. If you need someone to quickly and professionally take the helm, our experts will study the numbers and provide trustworthy guidance on matters of business, finance, accounting, and operations.
CFO services can be provided on a full-time or part-time basis, as well as on a project-specific basis. Our professionals are prepared to serve in an interim-CFO role while your company performs a thorough search and vetting process for new leadership. We can also provide training and guidance for new systems implementation.
Tax Preparation
Taxes for the wealthy can be complicated, especially considering how frequently the tax laws change. However, wealth can be a unique opportunity to legally reduce tax obligations for those who know how to apply the tax laws for their benefit. We help high-net-worth individuals keep more and only pay what is required.
PGS provides tax return preparation, tax planning, and many other services to help protect and improve the financial well-being of our clients, including corporations, LLCs, non-profits, sole proprietors, and individuals. Importantly, we also take the time to review financial statements with our clients so that they can operate their finances more efficiently going forward.
Our team understands that tax and other major financial questions don’t just arise when your payments are due. Moreover, tax laws are continuously changing. Our tax specialists stay up to date on the latest Tax Code revisions and are prepared to offer “real-time” accounting advice throughout the entire year.
Our tax services also include:
- Preparation of federal forms required annually for payroll transaction, including W-2, W-3, 1099’s, 1096, and 940 forms
- Preparation of employment compensation statistics and tax reports
- SAS 115 compliance
- Grant close-outs and resolutions
- Preparation of 501c3 applications
- Internal control reviews
- General ledger accounting
- Analysis of grant requirement compliance
- Exemption planning, compliance & reporting
- Information return preparation & compliance
- Financial projections
- Cash flow analysis
- Outsourced accounting and CFO services
Audits
The PGS audit team has broad industry experience that can be tailored to meet each client’s specific needs. For us, audits aren’t just about crunching numbers. In addition, audits are a great tool for building stronger management capabilities and fostering organizational growth.
Audit services include:
- Performance Auditing:
An independent evaluation of an organization’s operation with an eye towards making it work better, faster, and cheaper. - Financial Audits:
These audits include examination and verification of information provided through an entity’s financial statements. Financial audits may involve a review of the internal controls over financial operations. They typically result in a letter to management identifying any weaknesses and recommending corrective action. - Compliance Audits:
These audits determine whether the organization is following relevant laws, regulations, contractual grant conditions, or loan agreements. As necessary, compliance audit services will also recommend corrective action. - Investigative Audits:
These audits are performed as a result of allegations of improper activities reported to government employees or agencies.
Other audit services include:
- Audits of State and Local Governments (OMB Circular-128)
- Audits of Institutions of Higher Education and Other Nonprofit Institutions (OMB Circular A-133)
- Internal Audits
- Internal Control Reviews (OMB Circulars A-123, A-27)
- Management and Operational Auditing
- Agreed upon procedures and audit reports
