You've Been Selected For That Public-Sector Contract
Somerset
can help your firm maximize its overhead rate. We know what’s allowable and
how to properly document and record expenses--including your firm’s
compensation costs, rental costs, etc. The new overhead rate audit guide
requires architectural and engineering consultants to have a written
compensation plan in place to support the allowability of compensation
costs. You certainly don’t want unexpected overhead audit adjustments to
eliminate planned profits on your public-sector contract. Somerset can help
minimize these surprises and take the confusion out of the overhead rate.
Please
contact Chris Mayfield with
any questions.
Work-In-Process is provided by
Somerset for our clients and other interested persons upon request.
Since technical information is presented in generalized fashion, no
final conclusion on these topics should be made without further review.
For additional information on the issues discussed,
please contact
Ken
Hedlund,
Jay Feller,
Steve George,
Chris
Mayfield or
Rebecca Ogle
of our
Construction & A/E Team.
This document is not intended or written to be used, and cannot be used,
for the purpose of avoiding tax penalties that may be imposed on the
taxpayer.
Somerset CPAs,
P.C.
3925 River Crossing Parkway, Third Floor
Indianapolis, Indiana 46240
317.472.2200 • 800.469.7206 • FAX 317.208.1200
www.IndianaConstructionCPAs.com
