JS Morlu

A certified public accounting firm in Woodbridge, Virginia, JS Morlu has been taking on clients in the D.C. region since 2012. Its staff includes CPAs, MBAs and project management professionals, which the firm presents as the basis for a one-stop offer in accounting, tax, consulting, and attest and assurance work.

Government contract and audit work

Specialist practices set the firm apart from a general accountant. It lists government contract accounting and compliance, DCAA audit readiness and support, business valuation and forensic accounting, and it audits community associations, charities and home health care providers. Its advisory side also includes fraud investigations, accounting data analytics and grant management.

Cooperative agreements explained

One topic the firm writes about at length is cooperative agreements, which it says it commonly advises on. In its explanation, a cooperative agreement is a relationship between the federal government and a recipient business, meant to lower the cost of goods and services that several entities commonly need. It differs from a traditional procurement contract, which fixes a single price before work starts, because it is not subject to the Federal Acquisition Regulation, which leaves businesses more freedom to set terms for new ventures.

The firm also separates a cooperative agreement from a grant. Both transfer value from the federal level to a non-federal entity, but with a grant the federal agency mainly manages and monitors, while a cooperative agreement involves federal staff working closely with the program. It cites the Federal Grant and Cooperative Agreement Act of 1977, which bars agencies from using these agreements to obtain goods or services for the government's own use.

Purchasing models it covers include the Cooperative Research and Development Agreement, used to combine federal and non-federal effort on new technology, where no federal funds go to non-federal parties. It also discusses definite quantity and delivery arrangements, which can reach the lowest prices but are hard to schedule, indefinite quantity arrangements, which cut administrative costs but can bring uncertainty and higher prices, and piggyback contracts, where one jurisdiction lets others use a contract it already holds.

Everyday accounting and tax

For routine work the firm provides outsourced CFO services, accounting system setup, general ledger accounting and payroll integration with accounting software. Tax work covers individual and business returns, planning, advice, sales permits and sales tax filing and reporting. It says it can act as a tax adviser remotely for clients outside Virginia and the D.C. area.

Consulting adds business process improvement, business registration, valuation, cooperative agreements, and corporate turnaround and restructuring.

JS Morlu LLC is a licensed certified public accounting firm in Woodbridge, Virginia. It serves clients across the Washington, D.C. metro area with accounting, tax, consulting, audit and assurance work.

Services

• Accounting: outsourced CFO work, accounting system setup, general ledger work and payroll integration with accounting software.
• Tax: individual and business tax returns, tax planning, advice and sales tax filing, including for clients who are not local.
• Audit and DCAA support: attest and assurance services, plus DCAA audit readiness and support.
• Government contract accounting: accounting and compliance work for government contractors.
• Advisory: business valuation, forensic accounting, process improvement, business registration, cooperative agreements and corporate restructuring.

Clients

Individuals and businesses, including homeowners associations, nonprofits, home health care organisations and government contractors.

Key facts

• Based in: Woodbridge, Virginia, USA
• Founded: 2012
• Qualifications: CPAs, MBAs and PMPs on staff