Stimulus Plan Offers Government Opportunities for CPAs

Source: Accounting Today

David Alexander of Lincoln Strategies LLC (www.lincolnstrategies.com)  helps professional services firms enter or expand in government markets. In this article, he discusses opportunities for CPAs in work awarded by the General Services Administration. The huge amount of stimulus money and the requirement of higher accountability to achieve transparency offer significant opportunities.

CPA firms can apply for registration on GSA’s roster of approved firms. The GSA program called “Financial and Business Advisory Services” uses small and large firms. Federal agencies often award jobs to GSA-approved firms without requiring RFPs—one reason is that these firms have been certified for price reasonableness.

GSA usually awards contracts within four months from the time of proposal submission.

Federal agencies are motivated to contract with small and disadvantaged firms.

Getting GSA contracts is not easy but may be worth the effort.

Firms can also do government work indirectly as subcontractors on jobs that include accounting services.

For the complete article, click here and select “Government May Be the Answer” in the March 16, 2009, issue.

From Accounting Today, January 26, 2009, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809.