Eubanks Accounting & Advisory

Eubanks Accounting & Advisory A full-service firm providing a wide range of accounting, auditing, tax and consulting services for businesses and individuals.

A full-service firm since 1988, Eubanks & Company (EuCo) provides a wide range of accounting, auditing, tax and consulting services. We are proud to have many long-standing client relationships built upon trust and service. We are committed to providing a hands-on, entrepreneurial approach that today's dynamic business environment demands. We take pride in providing personal attention and forward thinking advice to help navigate complex business and financial issues. Some of the industries we service include:

Construction Contractors
Technology
Professional Services
Banks
Real Estate
Government Contractors
Mortgage Lenders
Not-for-Profit
Privately Held Businesses

Most contractors don't leave QuickBooks on their own timeline.An auditor makes that decision for them.Here are the four ...
10/06/2026

Most contractors don't leave QuickBooks on their own timeline.

An auditor makes that decision for them.

Here are the four signs I watch for before that happens:
Contract volume outpaces what QuickBooks can segregate. The logic that works for four contracts starts breaking somewhere between eight and fifteen. Suddenly the real numbers live in a spreadsheet nobody outside accounting has seen.

Indirect rate complexity exceeds a single set of books. One pool, manageable. Three pools recalculated correctly every month, not so much. That gap is where billed amounts quietly drift from what the rates actually support.

Timekeeping breaks down under scrutiny. QuickBooks has no native way to enforce labor charging by cost objective or flag overlapping hours across contracts. Every workaround holds until the person running it isn't looking.

Audit exposure becomes the wake-up call. This is the one with a deadline attached.

Two of these sound familiar? Address that before the third one shows up on an auditor's schedule instead of yours.

I broke down what each sign looks like and what to do before someone decides for you.

Read it here: https://eubanksaccounting.com/2026/09/16/the-signs-your-quickbooks-setup-has-become-a-compliance-risk/
What's your accounting system's weak point right now?

Four signs your entity structure needs a second look.Entity structure is not a one-time decision, even though most owner...
10/02/2026

Four signs your entity structure needs a second look.

Entity structure is not a one-time decision, even though most owners treat it that way. The choice made in year one carries forward every year until someone changes it.

Check the signs I look for when I sit down with a business owner. If two or more apply to you, it is worth a conversation.

None of these mean something went wrong. They mean the business grew past the paperwork.

Visit https://eubanksaccounting.com/ to learn what we can do for you.

Entity structure is the decision you make once and pay for every year after.Most owners pick an LLC or an S-corp in year...
10/01/2026

Entity structure is the decision you make once and pay for every year after.

Most owners pick an LLC or an S-corp in year one and never think about it again. The structure that fit at $80,000 in revenue rarely fits the same business at $400,000.

I have watched owners overpay $15,000 to $20,000 in self-employment tax for three years straight. Nobody had flagged that an S-corp election would change the math.

Your entity structure sets your tax rate. It also shapes how exposed your personal assets are.

Revenue growth is one reason to look again. Adding a partner is another.

Neither requires starting over. Both usually just require a conversation and a filing.

Contact us for an entity structure review https://eubanksaccounting.com/

The federal fiscal year closes tonight. For agencies, that means budget ex*****on mode ends and next year's spending pri...
09/30/2026

The federal fiscal year closes tonight. For agencies, that means budget ex*****on mode ends and next year's spending priorities take over.

Contract awards often spike in the final weeks of September as agencies use up remaining funds. If you have a proposal sitting with a contracting officer, this is the window where decisions get made quickly.

It is also a good marker for your own calendar. Use today to check whether your indirect rate structure and job cost reports are current enough to support whatever comes through the door in October.

What did fiscal year-end bring your way this year? A new award or a rate true-up? Tell me below.

Most audit stress comes from not knowing what auditors are checking for.DCAA follows a defined set of standards. Once yo...
09/24/2026

Most audit stress comes from not knowing what auditors are checking for.

DCAA follows a defined set of standards. Once you know what they are, an audit stops feeling random.

Swipe through four things every contractor should have in place before DCAA asks for them.

Which one are you least confident about right now? Say so in the comments, and I will point you in the right direction.

Contractors talk about DCAA like an opponent trying to catch them doing something wrong.Reframe that. DCAA acts more lik...
09/22/2026

Contractors talk about DCAA like an opponent trying to catch them doing something wrong.

Reframe that. DCAA acts more like a referee than an opponent. Referees do not care who wins. They care whether the rules were followed.

The contractors who struggle during an audit are not usually the ones who broke a rule on purpose. They are the ones who never learned the rulebook in the first place.

Cost allowability and documentation standards are not secret. They are published, and DCAA expects you to know them before the audit starts.

Learning the rules before the audit changes how that audit feels. Pull up your last incurred cost submission this week and check whether you could explain every line to an auditor without hesitating.

DCAA's own guidance on incurred cost audits: https://www.dcaa.mil/Careers/Career-Blog/Article-View/Article/2496639/common-dcaa-audits-incurred-cost/

Outsourcing your accounting does not mean losing control of your numbers. For most owners, it means seeing them clearly ...
09/18/2026

Outsourcing your accounting does not mean losing control of your numbers. For most owners, it means seeing them clearly for the first time.

I hear the same worry constantly from owners who are considering it. They picture handing off their financial function and losing visibility into what is happening in their business.

The opposite tends to be true. A good outsourced team provides reporting and context that your internal bookkeeper never had time to build.

So what is the real hesitation holding you back? Control or trust? Tell me in the comments. I read every one.

Outsourcing your accounting function is a real decision, not a shortcut.Most business owners weigh it wrong. They compar...
09/17/2026

Outsourcing your accounting function is a real decision, not a shortcut.

Most business owners weigh it wrong. They compare a monthly invoice to a salary and stop there.

Swipe through the four factors that determine whether outsourcing makes sense for where your business is right now.

Which one matters most to you at this stage? Tell me below.

Today is the Q3 estimated tax deadline. If that caught you off guard this morning, you are not alone, and it is not real...
09/15/2026

Today is the Q3 estimated tax deadline. If that caught you off guard this morning, you are not alone, and it is not really about the date.

Missed deadlines are usually a signal. They mean nobody on your team is watching the numbers closely enough to flag what is coming before it arrives.

A bookkeeper tracks what already happened. Outsourced accounting support tracks what is about to happen and tells you before the deadline turns into a surprise.

Ask yourself how many deadlines have snuck up on you this year. One might be an accident. Three is a pattern worth fixing.

If your current setup keeps leaving you reacting instead of prepared, that is worth a real conversation.
Book a quick chat with us: https://calendly.com/jeubanks/15min?month=2026-08

A contractor once told me their books were fine because their tax return looked clean every year.A clean tax return and ...
09/11/2026

A contractor once told me their books were fine because their tax return looked clean every year.

A clean tax return and an audit-ready accounting system are not the same thing. Their indirect cost pools had never been properly separated, and direct labor was mixed with overhead. None of it would have survived a DCAA review.

This shows up more than people expect. Growing contractors hire a good general accountant, get accurate financials, and assume that means they are protected.

Protection against the IRS and against the DCAA comes from two different systems. One had been in place for years. The other did not exist at all.

If your books have never been reviewed with an audit lens, that is worth changing before a contracting officer asks the question for you.
Start the conversation at https://calendly.com/jeubanks/15min

Address

950 Herndon Parkway
Herndon, VA
20170

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+17037292882

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