Loving & Sperry CPAs, LLP

6021 Morriss Rd, Suite 104
Flower Mound, TX 75028
ph: 972-221-2069
john@lovingsperry.com

Services

At Loving & Sperry we provide high quality services that fulfull your accounting needs when dealing with income taxes and Government contracts.

Personal and Small Business Income Taxes
We are committed to helping individuals and small businesses establish a clear, concise plan; to implement and monitor those plans, and to file accurate returns.

FAR Part 31 and Cost Accounting Standards Compliant Accounting Systems
Government contractors not only face the same accounting issues as other companies, but also must comply with additional accounting regulations and oversight. The Federal Acquisition Regulation (FAR) Part 31 requires the segregation of direct and indirect cost, allocation to cost objectives, and identification of unallowable costs. Our clients are successfully meeting these requirements using various software products including QuickBooks, Deltek, SAP, BAAN and JD Edwards OneWorld. They succeed by maintaining adequate processes, controls, and documentation.
Historical Cost Accumulation and Billing
Government contractors depend on their accounting systems to support billings. Accurate and reliable historical costs are frequently required for routine billings on progress payments and public vouchers as well as for annual incurred cost submissions. Our people have extensive experience with invoicing through Wide Area Work Flow and preparing annual incurred cost proposals. We can design workflow and train your people, or can do the entire job for you. We also assist with audits from the DCAA and others.
Cost Estimating
Government contractors must provide dependable cost estimates to establish the price of the initial contract and of changes, and be able to make these estimates while complying with the disclosure requirements for Truthful Cost or Pricing. Our people have many years of experience assisting Government contractors with estimating systems and with preparing and supporting estimates.
Expert Witness Testimony and Consulting Expert Assistance
Whether attorneys need consulting or testifying expertise, our broad experience makes us valuable in helping resolve disputes involving government contractor cost, estimating or accounting issues. We have provided testimony before the Armed Services Board of Contract Appeals, and Federal and State Courts. Cases have included defective pricing allegations, REAs/claims, and other matters. Attorney references are available.
Our goal is to provide concise, clear explanations so that your points are understood by all parties involved, whether in negotiations or litigation.
Overhead Rate Audits
Loving & Sperry performs audits of professional services companies’ overhead rates in accordance with Generally Accepted Auditing Standards (GAAS) and Generally Accepted Governmental Auditing Standards (GAGAS). We are experienced performing audits to include the requirements of the AASHTO Uniform Audit and Accounting Guide.

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6021 Morriss Rd, Suite 104
Flower Mound, TX 75028
ph: 972-221-2069
john@lovingsperry.com

Loving & Sperry CPAs, LLP

Services

Personal and Small Business Income Taxes

FAR Part 31 and Cost Accounting Standards Compliant Accounting Systems

Historical Cost Accumulation and Billing﻿

Cost Estimating

Expert Witness Testimony and Consulting Expert Assistance﻿

Overhead Rate Audits﻿

Historical Cost Accumulation and Billing

Expert Witness Testimony and Consulting Expert Assistance

Overhead Rate Audits