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…

9

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.

9

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

9

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

9

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

9

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.

9

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.

9

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

Let Us Help:

Weems’s Six Lesser-Known Small Business Tax Strategies

Admittedly, there’s a lot going on in the country right now. My encouragement: don’t let yourself get caught up in doomscrolling, echo chambers, or just watching the news round the clock. It’s good to be informed, but hypervigilance won’t help fix any...

Reduce Employee Turnover Rate in Your The Woodlands Small Business

Saving money isn’t a good priority in your business. I know, a shocking statement by any means, but especially in our current inflationary reality. But, here’s what I mean…If we’re speaking strictly in terms of getting your costs down, it's understandable why...

The Million Dollar Question of Selling Strategies for Your The Woodlands Business

At least for the moment, we can’t say our new president isn’t keeping his campaign promises. On February 4th, additional tariffs of 25 percent on goods from Mexico and Canada, and an additional 10 percent on goods from China will go into effect. Of course,...

Must-Have Tools Your The Woodlands Small Business Needs To Stay Ahead in 2025

There are so many deadlines and requirements for business owners to keep up with right now. I feel your pain. Are you doing okay with staying on top of them (or at least keeping your head above water)? Obviously, the big one happening right now is tax season...

Strategic Business Plan Mistakes The Woodlands Business Owners Should Avoid

Let’s take a moment to realize the ground you and I are standing on because it will be 28 years before we see another day like this. Not only was President Trump’s inauguration day this week, but Martin Luther King, Jr. Day was on the same day as well – an eclipse of...

Strategic Business Planning to Level Up Your Montgomery County Business

What are your goals for your The Woodlands business this year? I’m going to assume filing your taxes on time is already on your list. For the financial well-being of your business, that needs to be one of your top priorities right now. And the IRS has just...

KPI Setting in 2025 for Boosting Your The Woodlands Business

Trust, I would argue, is the most important pillar in my relationship with my The Woodlands clients. Your financials aren’t to be taken lightly. When it comes time to put them in someone else’s hands, you have to know that those hands won’t falter.And after the recent...

Our Thanks For YOU: Our The Woodlands Clients

We’ve made it to the 2024 finish line. For my final blog of the year, I want to focus on something that will help frame your mindset for 2025. But before I do, let me give you YET ANOTHER UPDATE on the ever-flip-flopping BOI reporting requirements. The BOI...

What Disabled Employees Wish Their The Woodlands Bosses Knew

Be honest – on a scale of 1-10, how “merry and bright” do you feel this holiday season?The holidays can bring a lot of pressure to feel a certain level of happiness. But maybe this is a hard season for you – you’re stressed from being stretched thin financially, or...

Is the Work Opportunity Tax Credit Right For Your The Woodlands Business?

Raise your hand if you feel like you’re living through a sales tax nightmare as we’re in the post-Black Friday and pre-Christmas window of chaos. (While I can’t see your raised hand, I can certainly feel it.) Which only makes sense: You have to pay attention to a...

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

Contact Us