Government contractors
Set up right before the first federal contract, not after.
For small businesses starting or growing federal work, including women-owned (WOSB), service-disabled veteran-owned (SDVOSB) and 8(a) firms. We put the company records and the accounting structure in place early, then keep them current every month.
What we do
Three pieces, in the order you'll need them.
Entity formation and the company binder
State formation filings, the EIN, and state tax and payroll registrations, coordinated with your attorney for the operating agreement and other legal documents. Then one organized, current company binder:
- Formation documents and EIN letter
- State registrations and licenses
- SAM.gov registration records
- Insurance certificates and key policies
Accounting set up for federal contracts
- Costs tracked by contract
- Timekeeping tied to the books
- Direct and indirect costs separated, with indirect cost pools
- Unallowable costs kept apart
Ongoing monthly plans
Books closed and statements delivered on a set day, payroll on a platform that pays and files the taxes, your annual business return, and a cash forecast on the Strategic plan. Fractional CFO support is available as the contract base grows.
Please note: we are not attorneys and do not give legal advice. Program eligibility and certification decisions are made by the government agency that runs each program, and agency reviews of a contractor's accounting system are performed by the government; we help you keep the records and the books organized for them.
Who it's for
Small firms that want federal work to be the easy part.
New entrants
Forming a company, or about to bid your first federal contract or subcontract, and want the structure right from day one.
Growing firms
Already holding a contract or two, with books that weren't built to track costs by contract or to separate indirect costs.
Subcontractors to primes
Asked by a prime contractor for organized company records, insurance and financial information, and want one place to keep it all.
How it starts
From a 15-minute call to books built for federal work.
Fit call
Where your company stands, what work you're pursuing, and what needs setting up first. Free, fifteen minutes.
Written proposal
The setup work and the monthly plan, with the scope and fee in writing.
Setup
Entity and registrations coordinated with your attorney, the company binder built, and the chart of accounts set up for contract costs.
Every month
Books closed, statements delivered and the binder kept current.
About the firm
An advisory firm built around listening first
The Legacy Advisory Firm serves business owners and families nationwide with tax planning and preparation, bookkeeping, payroll, business advisory and fractional CFO support. Every engagement is led by our principal, whose background spans tax, accounting and corporate finance.
We Listen | You Prosper
Book a free 15-minute fit call
Pick a time that works for you, or call and we'll set it up.
Book a free 15-minute fit call