Internal Control Systems

Discover How Our Systems Can Free You to Work ON Your Business… Not IN Your Business.

We can help you help your business by providing an objective review of your internal control systems and determine the efficiency and effectiveness of your operating procedures.

Among the corrections we might help you make…

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Segregate duties in order to reduce risk of error or inappropriate action. This involves making sure that no one person has control over all aspects of any single financial transaction.

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Ensuring that all transactions are handled by a delegate with approved authority to handle such transactions.

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Put systems into place which create a process where all transactions are reviewed and reconciled by someone other than the transactor.

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Assure physical safety of all equipment and introduce periodic counts to compare equipment, inventory, cash and other property are consistent with that on record.

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Implement job training for all employees and make sure that employees have the knowledge and resources to carry out their job duties, are provided with an appropriate amount of supervision, and are aware of the channels for reporting potential problems.

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Documentation of all policies and procedures that are accessible to your employees and the procedures for continued guidance and training regarding these procedures to address employee turnover or prolonged employee absence.

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A consistent review of operations to determine that results are consistent with objectives and goals.

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Using Your HSA to Cover Expenses for Your Emotional Support Animal

In 2022, the average American spent approximately $12,914 on healthcare, according to data from the Centers for Medicare & Medicaid Services (CMS). A Health Savings Account (HSA) is a valuable tool to help manage and reduce these costs. An HSA is a specialized...

The Cost of Trump’s Tax Cuts Could Bring Major Changes for Taxpayers

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Republicans May Increase Student Loan Payments 

As House Republicans seek to identify spending cuts to finance President Donald Trump's tax reductions, they have proposed measures that could lead to higher federal student loan payments for millions of borrowers.  Republican legislators are anticipated to utilize...

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As tax season kicks off, it is essential to prepare for filing your 2024 tax return and to remain vigilant against scammers who are already active. Do not fall victim to their tactics. Many individuals neglect to safeguard their personal information online, and the...

Attention! Your Tax Return may be Marked for an ’Audit Review’

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The IRS to Provide «Free File Software» Ahead of the Tax Season

The Internal Revenue Service's (IRS) Free File Guided Tax Software became available on Friday, January 10, for the 2025 Tax Filing Season. IRS Free File allows taxpayers to submit their federal tax returns and payments at no cost. Typically, private tax preparers...

California Wildfire Survivors May Obtain a One-Time Payment of $770

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IRS Reveales the Start Date for the Upcoming Tax Season

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Tax Incentives to Help Offset the Cost when Making Businesses Accessible for Individuals with Disabilities

Employers who hire individuals with disabilities or enhance their business facilities for employees and customers with disabilities may qualify for specific tax incentives. These incentives are intended to motivate employers to recruit qualified individuals with...

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