Service Contract Act (SCA)
Compliance & Accounting Services.
Government contractors must stay up to date on contract compliance in order to avoid incurring financial penalties. Working in a highly regulated and complex environment, it is increasingly difficult for government contractors to manage compliance effectively.
The Capital Group consists of highly trained professionals who are well-versed in Service Contract Act Compliance, providing contractors with the assistance they need to avoid penalties. The Capital Group team ensures proper reporting across a variety of segments to protect your government contracting business from DOL penalties.
The Service Contract Act requires government contractors performing services in excess of $2,500 to pay employees specific wage rates. Accounting and tracking your SCA fringe spend is mission-critical if you want to avoid a DOL audit.
The Capital Group assists with managing your fringe spend to ensure compliance is met by analyzing the following key indicators:
- Reporting by employee, hours worked, and benefits elected
- Fringe rate adjustments
- Wage inaccuracies
- Paid sick leave
- Job classification inaccuracies
Ensure your government contractor wages are meeting compliance by contacting The Capital Group for a service contract compliance audit today!
The Capital Group Accounting Services
Don’t risk being audited due to non-compliance with the Service Contract Act.
Following a The Capital Group service contract compliance audit, the team will help assess your accounting to ensure all employees are paid the correct rate. The team will not only ensure compliance is met in accordance with the Contract Act, but will help navigate significant changes in your accounting practices as a result of these adjustments.
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If you're ready to develop business and financial plans that crystallize your goals and develop your future, we would be pleased to provide you with a proposal and quote for our services.
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