Start Date: 9/26/2019 12:00 PM EDT
End Date: 9/26/2019 1:00 PM EDT
September 26, 2019 12:00 - 1:00pm EDT
Webinar Presented by SECAF and Citrin Cooperman: Pitfalls and Best Practices for Government Contractors: Fundamentals of Accounting, Financial Reporting, and Tax Strategies
Attention CEOs, CFOs, Controllers and Business Owners.
You will want to join us for this webinar!
Government Contracting organizations encounter complex and sensitive issues daily, all of which require proactivity, business transparency, and accurate reporting. In addition to remaining compliant, precise financial and tax reporting is crucial to management decisions and the ultimate success of any government contractor. Join Citrin Cooperman’s Government Contracting team as they take us through the best practices (and worst pitfalls) of financial reporting and accounting for government contractors.
Expand your knowledge on:
Presented By: Citrin Cooperman - Sirena Johnson, Michael Cannon, Kevin Jones and Ryan Ham
Sirena Johnson, CPA, Partner, Co-Practice Leader Government Contracting
- Important aspects of an accounting system
- Cost accounting
- Indirect rates
- Financial reporting uses
- Internal – what information is useful as an owner or C-level person to manage the company
- External - information critical to bankers and other external users
- Tax Tips From Start-Up to Exit
- Choice of Entity
- Filing Requirements
- Exit Strategies
- Stock Sale
- Asset Sale
- Stock Sales Treated as Asset Sales for Tax Purposes
Sirena Johnson is a partner and co-practice leader of the firm’s Government Contracting Practice. Sirena is currently based in the firm’s Bethesda, Maryland, office. She specializes in providing audit, consulting, and accounting services to government contractors, technology companies, and employee benefit plans. She possesses a working knowledge of federal regulations, including Small Business Administration (SBA), 8(a) and Federal Acquisition Regulations (FAR), cost principles, and accounting policies for federal government contractors. In addition, she provides various management consulting services including assisting client management in the implementation of cost accounting systems and overhead allocation methods; preparing overhead incurred cost submissions for the Defense Contract Audit Agency (“DCAA”); and assisting with DCAA accounting system reviews.
Kevin Jones, Partner
Kevin Jones is a partner in the firm's Bethesda office. He has over 35 years of experience counseling clients on the tax aspects of business transactions, and has extensive experience negotiating and litigating tax controversies at the federal and state levels.
Ryan Ham, CPA, Partner
Ryan Ham is a tax partner with over 13 years of experience in the technology, government contracting, manufacturing and distribution, and auto industry sectors. . His focus has been on tax planning and compliance for s-corporations, limited liability companies, partnerships, consolidated corporations, and individuals.
Michael Cannon, CPA, Director
Michael Cannon is an audit manager in the Bethesda, Maryland, office with nine years of accounting experience in the government contracting industry. He specializes in providing audit, consulting, and accounting services to government contractors, non-profit entities, and employee benefit plans including ESOPs. He possesses a working knowledge of federal regulations, including Small Business Administration (SBA), 8(a) and Federal Acquisition Regulations (FAR), cost principles, and accounting policies for federal government contractors. In addition, he has experience consulting client management on overhead allocation methods; preparing overhead incurred cost submissions for the Defense Contract Audit Agency (“DCAA”); and assisting with DCAA accounting system reviews.