Are there special accounting requirements for dealing with the Defense Department Acquisitions program?

March 9, 2008 9:20 PM

Looking for tips on dealing with the defense department acquisitions system. Basically, I am preparing taxes for a new LLC that expects to land some government contracts, and they are asking me about how best to deal with DFARS. None of my accounting connections knows anything about this. Should I just refer them to a D.C. based CPA who has experience, or is it not a big deal?
posted by mrhappy to law & government (2 comments total)

Exactly what part of the DFARS has them concerned?

Could it be that they need to make sure that their records / accounting system / rates can be approved by DCAA so that they can be eligible to receive cost reimbursement contracts?
posted by Raymond Marble at 9:50 PM on March 9

No idea. Thanks for the link.
posted by mrhappy at 10:48 PM on March 9