Overhead Rate Audit

For architectural or engineering firms, it’s a fact of doing business. In order to participate in government contracts or receive federal or state funding, indirect or overhead costs must be calculated prior to submitting a bid or proposal. 

In addition, these overhead rates must be compliant with the Federal Acquisition Regulation (FAR), a complex set of rules governing the federal government's purchasing process. Many states also require these overhead rates be audited by an independent CPA in accordance with the Uniform Audit and Accounting Guide established by the American Association of State Highway and Transportation Officials’ (AASHTO). 

Because this audit can impact your firm’s ability to be awarded a contract, much less make money on it, it’s important to choose your CPA firm wisely.

At DGC, our specialized teams work with your firm to help you:

  • Accurately determine the billing proper rates
  • Identify, segregate, and remove unallowable costs from all government contract billings
  • Develop preliminary rates for upcoming years
  • Maintain your compliance with applicable regulations as they apply to your overhead costs

Perspectives

PPP Loan Forgiveness and the Impact on Your Overhead Rate
PPP Loan Forgiveness and the Impact on Your Overhead Rate 05/06/2020

The CARES Act is a breath of fresh air for small businesses during uncertain times, but how will it affect the overhead rate used for pricing government contracts? Read more

Webinar Recording & Slides: PPP Loan Forgiveness – A Process to Optimize Results
Webinar Recording & Slides: PPP Loan Forgiveness – A Process to Optimize Results 05/01/2020

DGC has a proven process that incorporates our data analytics experience and accounting expertise. Learn how you can proactively apply this to your situation, and lead to increased loan forgiveness. Read more

UPDATE: Summary of Key Provisions of the Paycheck Protection Program of the CARES Act
UPDATE: Summary of Key Provisions of the Paycheck Protection Program of the CARES Act 04/16/2020

A large part of this Act is to appropriate $349 billion for the Paycheck Protection Program, as part of the 7(a) loan program administered by the Small Business Administration (SBA) for small businesses that are being adversely impacted financially by the coronavirus pandemic. Read more

Webinar Recording - COVID-19 – Business Interruption: Mitigating Risk, Managing Liquidity, and Unlocking Economic Relief
Webinar Recording - COVID-19 – Business Interruption: Mitigating Risk, Managing Liquidity, and Unlocking Economic Relief 03/27/2020

Elisabeth da Silva, CPA, CFF and Jackie Reinhard, CPA discussed best practices and actionable steps you can take to appropriately position your business during times of business interruption. Read more

What Our Clients Say About Us

The speed in which the financial statements were produced and the tight time frame which DGC completed the audit was refreshing. DGC had a comprehensive understanding of our business which minimized my need to respond to questions. The approach was collaborative and flexible.

Richard G. Barletta SVP, Finance and Administration InnoCentive, Inc.

Our team at DGC is a true business partner—they took the time to understand our business and our organization so they could provide input in a variety of areas. This depth of understanding allowed them to audit our financials more efficiently while also contributing insights into the performance of our business.

Ken Manning Chief Operating Officer Curaspan Health Group, Inc.