--- title: Articles | Audit description: Audit | News, tips and advice about how to maximize opportunities for your business. --- [![huntercpa-logo-62020](https://www.huntercpa.com/hs-fs/hubfs/Images/huntercpa-logo-62020.png?width=250&height=130&name=huntercpa-logo-62020.png "huntercpa-logo-62020")](https://www.huntercpa.com) - [Planning](https://www.huntercpa.com/articles/topic/planning) - [Design Engineers](https://www.huntercpa.com/articles/topic/design-engineers) - [Professional Services Firm](https://www.huntercpa.com/articles/topic/professional-services-firm) ## [Becoming a Top Engineering Firm – Zoom Like a Rocket Ship!](https://www.huntercpa.com/articles/becoming-a-top-engineering-firm-zoom-like-a-rocket-ship) **Lewis Hunter** | Jul 23, 2020 7:15:00 AM A professional service firm such as an engineering design firm or construction engineering and inspection firm can be thought of as a rocket ship. Looking at the business as a rocket ship, it gets easier to remember and share the elements of developing a successful business. Like a rocket ship a business has two basic parts, the engines that power the ship, and the guidance systems to set course. Our rock ship has five engines and four guidance systems. Thinking back to when you first started your firm, if you did not go through the checklist you see below formally, you did so informally. ### [Articles](https://www.huntercpa.com/articles/topic/audit) - [Audit](https://www.huntercpa.com/articles/topic/audit) - [Taxes](https://www.huntercpa.com/articles/topic/taxes) ## [What to Expect from a Florida Tax Audit](https://www.huntercpa.com/articles/what-to-expect-from-a-florida-tax-audit) The day your business receives a DR-840 notice from the [Florida Department of Revenue](http://floridarevenue.com/pages/default.aspx) will be one that you won't soon forget. This is the state's infamous Notice of Intent to Audit Books and Records. Your first action might be to crumble up the notice, toss it on the floor, and yell, "Why me?" This might feel good, but it's not going to prevent the state from auditing your business. **Lewis Hunter** | Feb 6, 2019 9:15:00 AM - [Job Cost Accounting](https://www.huntercpa.com/articles/topic/job-cost-accounting) - [AASHTO](https://www.huntercpa.com/articles/topic/aashto) - [Audit](https://www.huntercpa.com/articles/topic/audit) - [FDOT](https://www.huntercpa.com/articles/topic/fdot) ## [What FDOT Consultants Need to Know About Job Cost Accounting Systems](https://www.huntercpa.com/articles/what-fdot-consultants-need-to-know-about-job-cost-accounting-systems) Professional Consultants seeking to provide services to the Florida Department of Transportation must be certified as “qualified” annually in accordance with [Chapter 14-75 of the Florida Administrative Code](https://www.flrules.org/gateway/ChapterHome.asp?Chapter=14-75). **The First & Primary Requirement** Regardless of whether the “[Request for Qualification Package for Professional Consultants](https://www.pdffiller.com/72101006--FDOT-Request-for-qualification-package-for-professional-consultants-)” is the initial submission or an annual renewal, the package must include evidence that you (the Consultant) maintains an accounting system adequate to separate and accumulate direct and indirect costs and to support billings to the FDOT Department and other clients. The capability to identify and separately report direct and indirect costs is the first and primary Departmental requirement for [your accounting systems](https://www.huntercpa.com/who-we-serve/architects-engineers/accounting). When you (the Consultant) has the expectation of billing for direct labor by the hour, a [job cost accounting system](https://www.huntercpa.com/articles/how-to-comply-with-fdot-job-cost-accounting-system-requirements) is required in order to “support billings to the FDOT Department.” **** **Lewis Hunter** | Nov 28, 2018 6:54:00 AM - [AASHTO](https://www.huntercpa.com/articles/topic/aashto) - [Audit](https://www.huntercpa.com/articles/topic/audit) - [FDOT](https://www.huntercpa.com/articles/topic/fdot) ## [Preparing for an FDOT Reimbursement Rate Audit - Management's Responsibilities](https://www.huntercpa.com/articles/preparing-for-an-fdot-reimbursement-rate-audit-managements-responsibilities) Engineering firms must provide annual reimbursement rate audit reports to the Florida Department of Transportation to bid on contracts larger than $500,000.  [FDOT Reimbursement Rate Audit Guidelines](http://www.dot.state.fl.us/procurement/pubs/Reimbursement%20Rate%20Audit%20Guidelines.pdf) contain specific Departmental requirements in addition to the general guidelines contained in the [American Association of State Highway and Transportation Officials (AASHTO) Uniform Audit and Accounting Guide](https://bookstore.transportation.org/item_details.aspx?ID=2625). **Hunter & Associates** | Jul 24, 2018 6:59:00 PM [All posts](https://www.huntercpa.com/articles/all) ![](https://cdn2.hubspot.net/hub/2558854/hubfs/DreamPack/letter%20Icon.png?t=1496817989590&width=86&name=letter%20Icon.png) ## Subscribe Subscribe now and receive regular updates! ** #### Subscribe Below! [![covid-19-managing-the-crisis-cover-3d](https://www.huntercpa.com/hs-fs/hubfs/Images/Images/covid-19-managing-the-crisis-cover-3d.png?width=350&name=covid-19-managing-the-crisis-cover-3d.png "covid-19-managing-the-crisis-cover-3d")](https://www.huntercpa.com/2020-covid-19-managing-during-a-crisis) ### 2020 COVID-19 - MANAGING DURING A CRISIS: --- #### How to Position Your Business for Survival and Recovery the Right Way [![Get Your Copy >](https://no-cache.hubspot.com/cta/default/2608589/2c6be903-4151-405c-960c-ab9aed106d3d.png)](https://cta-redirect.hubspot.com/cta/redirect/2608589/2c6be903-4151-405c-960c-ab9aed106d3d) Recent Posts - [Planning](https://www.huntercpa.com/articles/topic/planning) - [Design Engineers](https://www.huntercpa.com/articles/topic/design-engineers) - [Professional Services Firm](https://www.huntercpa.com/articles/topic/professional-services-firm) ## [Becoming a Top Engineering Firm – Zoom Like a Rocket Ship!](https://www.huntercpa.com/articles/becoming-a-top-engineering-firm-zoom-like-a-rocket-ship) #### A professional service firm such as an engineering design firm or construction engineering and inspection firm can be thought of as a rocket ship. Loo... [Read more](https://www.huntercpa.com/articles/becoming-a-top-engineering-firm-zoom-like-a-rocket-ship) - [Business Transition Planning](https://www.huntercpa.com/articles/topic/business-transition-planning) - [Exit Planning](https://www.huntercpa.com/articles/topic/exit-planning) - [Sell Business](https://www.huntercpa.com/articles/topic/sell-business) ## [Selling Your Business? The Next Buyer Could Already Work for You](https://www.huntercpa.com/articles/selling-your-business-the-next-buyer-could-already-work-for-you) #### There is nothing easy about deciding to sell the company you have poured much of your time and money into over the years. Your business was the center... [Read more](https://www.huntercpa.com/articles/selling-your-business-the-next-buyer-could-already-work-for-you) - [Change Management](https://www.huntercpa.com/articles/topic/change-management) - [Marketing](https://www.huntercpa.com/articles/topic/marketing) - [Sales](https://www.huntercpa.com/articles/topic/sales) - [Revenue](https://www.huntercpa.com/articles/topic/revenue) ## [Managing for Recovery – Marketing & Sales](https://www.huntercpa.com/articles/managing-for-recovery-marketing-sales) #### If products and services represent the nuts and bolts of the business, marketing and sales is the engine room that provides the drive for the business... [Read more](https://www.huntercpa.com/articles/managing-for-recovery-marketing-sales) - [Planning](https://www.huntercpa.com/articles/topic/planning) - [Change Management](https://www.huntercpa.com/articles/topic/change-management) - [Cash Management](https://www.huntercpa.com/articles/topic/cash-management) ## [Managing for Recovery – Cash Management](https://www.huntercpa.com/articles/managing-for-recovery-cash-management) #### Business owners and managers have probably never faced such a period of change as we are currently seeing. Change carries great risk, but where there ... 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