Accounting, bookkeeping, and tax services for IT consulting and government contracting firms in Northern Virginia and Washington DC.

Accounting for IT Consulting & GovCon

If you run an IT consulting firm or government contracting business in Northern Virginia or DC, you're navigating fast-changing projects, contract terms, staffing, and compliance.

Hollins & Hur is a small business CPA firm based in Manassas, VA, serving IT consultants and government contractors across Northern Virginia and DC.

Who We Help

We work with a range of IT and GovCon businesses

Independent IT consultants and small consulting teams

Technology firms serving federal, state, or local agencies

Subcontractors and prime contractors in the GovCon space

Multi-entity structures with holding companies and operating entities

Our typical clients:

Are beyond the "freelancer" stage and have real revenue, staff, or subs

Handle multiple contracts, task orders, or projects at the same time

Want clearer visibility into margin, cash, and owner pay

Common Financial Challenges

We see the same patterns over and over

No clean view of profitability by contract or service line. Revenue is coming in, but the real margin by client or contract is unclear.

Complex mix of W-2 employees and 1099 subcontractors. Payroll, benefits, and contractor payments feel scattered.

Multi-entity or multi-state complexity. You may have a holding company, operating entities, or activity in Virginia, DC, Maryland, and beyond.

Uncertain about owner compensation. You're not sure how much you can safely pay yourself or what's tax-efficient.

Surprise tax bills. Your prior accountant mostly shows up at filing time, and conversations are rushed and reactive.

Our job is to turn all of this into a clear, reliable financial system that supports informed decisions and sustainable growth.

How Hollins & Hur Supports IT & GovCon Businesses

We provide tailored financial support for technology firms and government contractors navigating complex contracts and growth.

Monthly Bookkeeping for Project-Based Work

We keep your books accurate and up to date so you always know where you stand:

Monthly reconciliations in QuickBooks Online

Proper coding of revenue and expenses by contract, client, or service line (as your systems allow)

Clear separation of business and personal expenses

Tracking payroll, benefits, and subcontractor payments in a consistent way

Straightforward monthly P&L and balance sheet with explanations in plain English

Learn more about our Bookkeeping & Monthly Accounting services.

Tax Preparation for Company and Owners

We handle tax for the business and the owners so the whole picture fits together:

Business tax returns (LLC, S corp, partnership, C corp)

Owner personal returns, including K-1s from your entities

Multi-state and DC filings where required

Coordination across multiple entities if you have a holding/operating structure

Learn more about our Small Business Tax Preparation services.

Year-Round Tax Planning

We help you use the tax rules to your advantage instead of being surprised:

Estimates of how much to set aside for taxes during the year

Guidance on owner salary vs distributions for S corps

Planning for hiring, bonuses, and profit-sharing

Entity and structure conversations as you grow or add contracts and entities

You get clear options and tradeoffs so you can decide what aligns with your goals.

Clarity on Cash, Profit & Owner Pay

You shouldn't be wondering:

"Can I afford to hire another engineer or project manager?"

"Which clients or contracts are actually worth keeping?"

"How much can I pay myself without starving the business?"

We help you answer those questions with:

Reporting focused on cash, profit, and owner pay

Short check-ins where we walk through the numbers and trends

Simple next steps when something needs to change

How Our Process Works

We keep the process structured and light on your time, with a consistent point of contact who gets to know your business.

20-Minute Intro Call

We learn about your business model, contracts, and current systems.

Books & Tax Review

We review your existing QuickBooks (or other system) and recent tax returns to understand your starting point.

Cleanup & Setup (If Needed)

If your books are behind, inconsistent, or not aligned with your business structure, we quote a one-time cleanup project before moving into monthly work.

Ongoing Monthly Rhythm

We agree on deadlines, communication, and reporting so you know when books will be closed and when you'll hear from us.

You get a consistent point of contact who gets to know your business—not a new person every time.

Is Hollins & Hur a Good Fit?

We're usually a great fit if:

You're an established IT consulting or GovCon business, not just getting your first contract

You care about both quality of delivery and running a financially healthy company

You want straight answers and are open to recommendations

We may not be the right fit if:

You're looking for a bare-minimum tax filing once a year at the lowest price

You're not willing to share information or respond to basic requests

You want to keep everything completely ad hoc and only think about finances at tax time

FAQ: IT Consulting & GovCon Accounting

Do I have to be local to work with you?

No. We're based in Manassas, VA and serve IT and GovCon businesses across Northern Virginia and the DC area. Most of our work is done virtually using secure tools.

Can you work with multiple entities or holding/operating structures?

Yes. We regularly work with clients who have holding companies and separate operating entities and coordinate the accounting and tax treatment across them.

Do you also handle my personal tax return as the owner?

Yes. In most cases we prepare both the business return(s) and the owner's personal return so everything is aligned.

What if my books are not in great shape right now?

That's common. We'll review your situation and, if needed, quote a one-time cleanup project so your books are accurate going forward.

Can you help me understand which contracts or clients are most profitable?

We can't replace full-blown project accounting software, but we can help you structure your books and reporting so you have better visibility into which work is driving profit and cash.

Ready for a Clearer Financial View?

If you're ready to move beyond guesswork and last-minute tax stress, we'd love to hear about your business.

Book a Free 20-Minute CPA Call and we'll:

Learn about your contracts, team, and goals

Review where your books and taxes stand today

Outline a practical plan for cleaner books and fewer surprises