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…

  • 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.
  • Ensuring that all transactions are handled by a delegate with approved authority to handle such transactions.
  • Put systems into place which create a process where all transactions are reviewed and reconciled by someone other than the transactor.
  • Assure physical safety of all equipment and introduce periodic counts to compare equipment, inventory, cash and other property are consistent with that on record.
  • 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.
  • 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.
  • A consistent review of operations to determine that results are consistent with objectives and goals.

Let Us Help:

Thomas (Greg) Talbott’s Pro Tips to Negotiate with the IRS

With the tax deadline firmly in the rearview, most people are enjoying pool time and picnics, free of the tax worries of springtime. (Though perhaps not free of all the inflation and stock market pressures we’re all currently facing. Hang in there.)But that’s not true...

It’s the Day After #TaxDay. Now What?

The culmination of the tax season festival has come and gone. Ideally, you got your tax return filed by the deadline. But maybe you didn’t. Either way – what happens now? First, the simpler scenarios – your taxes were done and filed by the deadline (April 18th):...

Thomas (Greg) Talbott’s “Help Me Remember” Holiday Prayer

These last couple weeks of 2021 are already a little unusual.Current events are swirling around virus policy, the big Biden "Build Back Better" Act seems to have hit a Joe-Manchin-sized brick wall, sports leagues are in an uproar around rising case numbers, and...

Tax Resolution 101 – Penalties and Interest

You already owe a tax debt to the IRS or State. Then they add interest and penalties on top of that? Talk about adding insult to injury. It is important to understand how interest and penalties are applied by the IRS to know how it impacts your tax debt. Interest...

Tax Resolution 101 – Motor Vehicle, Registration and Professional License Holds

It is everyone’s favorite place to go. Whether your state calls it the MVA, the DMV or something else entirely, it is still a necessary inconvenience at best. Now imagine you have waited in line all afternoon to take care of your license and you find out you can’t...

Tax Resolution 101 – Installment Agreements

One of the possible resolutions to your case is what is called an Installment Agreement. And it is what you think it is – the result of properly presenting your financial condition and negotiating an acceptable monthly payment [the important words in that sentence...

Tax Resolution 101 – Liens and Levies

What’s a lien? What’s a levy? What’s the difference? Both a tax lien and a tax levy are collection tools used by the IRS and State to pressure taxpayers into payment or making payment arrangements. But there is an important distinction between a tax lien and a tax...

Tax Resolution 101 – Wage Garnishment

Imagine collecting your paycheck Friday at quitting time, or checking your direct deposit, and seeing the amount is half of what it should be, maybe less. If you owe back taxes, the likely reason over half your paycheck is gone is you just got hit with a wage...

Should I Hire a Professional to Help Resolve My Tax Problems?

Sometimes taxpayers with IRS or State tax problems decide to face the IRS or State on their own. Sometimes they hire a professional like an attorney or EA, even a CPA, but not someone who specializes in tax resolution. The best thing to do when faced with tax problems...

Why Choose a CPA and Not a Tax Attorney?

You’ve decided to do something about your IRS and/or State tax problems. Great! That is an important first step on the road to getting your life back. What comes next could determine the fate of your case – who do you reach out to for help? Although there are several...

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