KGS CPAs PLLC

Government contractors

The financial side of winning, delivering and growing.

A contract changes what your accounting has to do. These are the three points where that usually becomes obvious.

01

Preparing to bid

Before You Win

Getting the accounting foundation in place before it is examined, rather than after.

  • Accounting readiness
  • Cost structure
  • Timekeeping
  • Pricing support
  • Policies
  • Indirect Rates & Wrap Rates — Develop and understand fringe, overhead, G&A, and total wrap rates to support competitive pricing, proposal development, and informed bid decisions.

Government Contractor Accounting & Compliance

02

Performing the work

After You Win

Making the contract legible month to month — what it costs, what it earns, and when it pays.

  • Job costing
  • Billing and invoicing support
  • Cash flow
  • Reporting
  • Indirect-rate and wrap-rate monitoring
  • Profitability
  • Actual vs. Bid Rate Monitoring — Monitor actual indirect rates and labor costs against pricing assumptions to understand contract performance and protect margins.

Accounting Systems & Financial Operations

03

Scaling past the first contracts

As You Grow

Adding the forecasting, controls and financial leadership that a larger portfolio starts to require.

  • Forecasting
  • Fractional CFO support
  • Multiple-contract management
  • Systems improvement
  • Controls
  • Audit readiness

Fractional CFO & Strategic Advisory

Capability statement

The one-page version, and the identifiers behind it.

Federal and state statements as PDFs, with the registrations, classifications and certifications a contracting officer or prime needs to find and buy from KGS.

Federal · NAICS + PSC

UEI
W9K5NN2AANE4
CAGE Code
20QS9
NAICS
541211 · 541219 · 541214 · 541611 · 541618 · 541511 · 541512 · 541519
PSC
R703 · R704 · R710 · R499 · R799 · R408 · D302 · D306

Primary code shown in bold.

Virginia · NIGP + eVA

eVA ID
SUP363690
NIGP
91804 · 91800 · 91806 · 91832 · 91835 · 91836 · 91837 · 91838 · 91849 · 91883 · 91885

Primary code shown in bold.

Company and certifications

Legal name
KGS CPAs PLLC
Location
Richmond, VA
Service area
Virginia | Greater Washington Area | Nationwide
Virginia SWaM / MBE
Cert. #845358

Differentiators

Why a contracting officer picks us.

  • Licensed CPA oversight

    Audit-defensible documentation and a stated accounting rationale — not just reconciled books. CPA, CGMA and MBA credentials in a single point of contact.

  • Compliance-first orientation

    Expertise in the frameworks that carry consequences — GAAP, FAR Part 31, 2 CFR 200 and multi-state nexus — supporting audit readiness and minimizing rework.

  • Principal-led delivery

    The person who scopes the engagement performs it — no handoff to junior staff, one point of accountability.

  • Subcontracting plan support

    Qualified accounting and financial management services that help prime contractors meet small business subcontracting objectives under FAR 52.219-9.

  • Multilingual

    Fluency in Spanish.

Relevant experience

Two categories, kept separate.

Two different things, kept apart: engagements delivered by KGS CPAs, and the founder's experience in prior roles. They are never presented as one record.

KGS CPAs — Client Experience

Engagements delivered by KGS CPAs PLLC.

  • Supported a growing federal contractor in building scalable accounting and financial processes, including cost tracking, indirect-cost structures, cash-flow forecasting, payroll, reporting, and government-contracting readiness.
  • Developed and monitored direct and indirect cost structures, indirect rates, and wrap rates to improve contract-level cost visibility, support proposal pricing, and strengthen contract profitability and government-contract accounting requirements.
  • Provided fractional CFO and financial advisory support, including forecasting, cash-flow planning, budgeting, financing readiness, and contract-profitability analysis for growing businesses.
  • Advised on timekeeping, job costing, accounting controls, and financial processes designed to support government-contracting compliance and audit readiness.

Founder / Key Personnel Experience

Kennard Smith's experience in prior roles, outside KGS CPAs PLLC.

  • Led a major Costpoint-to-Oracle financial-systems conversion in a federal-contracting environment, improving reporting efficiency by approximately 30% and reducing processing time by approximately 20%.
  • 15+ years of experience spanning federal contracting accounting, DCAA/DCMA interaction, financial reporting, audit support, revenue recognition, budgeting/forecasting, internal controls, and enterprise financial systems.

For primes and partners

Partner With KGS CPAs

KGS CPAs works alongside primes and subcontractors that need accounting, indirect-rate and wrap-rate, pricing, and financial reporting support on a pursuit or an active contract. If a teaming arrangement would strengthen your bid or your delivery, we are open to the conversation.

  • Accounting, cost-structure, and wrap-rate support for a pursuit
  • Indirect and wrap-rate monitoring, job costing, and contract reporting on award
  • Financial reporting, profitability analysis, and audit-readiness support during performance
Discuss a Teaming Opportunity

Where are you in that sequence?

Whether you are preparing to bid or managing several active contracts, the first conversation is the same one.

Schedule a Consultation