GovCon Wednesdays Estimated Read Time: 5 minutes A DCAA audit is rarely “surprising” once you know the triggers but the scramble usually happens because contractors don’t have a repeatable readiness package. The fastest way to reduce disruption is to prepare a checklist you can revisit monthly (not the week you get the email). This pre-audit readiness checklist is designed for government contractors who want to be audit-ready for common DCAA… Read More
Audit Preparation
SBA Requires All 8(a) Firms to Submit Three Years of Financial Records: What Government Contractors Need to Know
Estimated Read Time: 6 minutes On December 5, 2025, the U.S. Small Business Administration (SBA) announced that it has sent letters to all participants in the 8(a) Business Development Program, directing them to submit detailed financial and contract records covering the last three full fiscal years. More than 4,300 small businesses are affected. This mandate is part of a broader initiative to address concerns about fraud, waste, and abuse in preference-based… Read More
Tip # 6: Year End – Review Contract Status Reports & Submit Data to Tax/Audit Teams
GovCon Wednesdays Estimated Read Time: 5 minutes After reviewing your accounting system, reconciling accounts, and confirming compliance under ASC 606 and ASC 842, it’s time to close the loop by reviewing your contract status reports and submitting final data to your tax professionals and auditors. This step connects your operational data to your financial statements, ensuring everything aligns before filings or audits begin. Why It Matters For government contractors, accurate… Read More
Tip # 2: Year End – Communicate Early with Tax Professionals & Auditors
GovCon Wednesdays Estimated Read Time: 5 minutes Closing out the year successfully requires more than accurate books it requires clear communication with the professionals who depend on your data. For government contractors, early coordination with tax advisors and auditors is one of the simplest ways to avoid filing delays, audit issues, and missed compliance deadlines. When your accountant or auditor has what they need when they need it your close becomes faster,… Read More