Internal Systems For Your Business

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:

Real Estate BRRRR Strategy Pros and Cons for Douglas County Investors

Before I discuss the real estate BRRRR strategy, let’s talk about a current pressing topic that’s going to fuel investment talk. With numbers released last week, one thing is very obvious: inflation is here, and it is a problem for most Douglas County taxpayers.At...

Bruce Fosdick’s Take on Paying Off Your Mortgage Early

We are for sure seeing a "turn signal" of sorts around here as 2022 barrels its way onto the horizon.How about you? Are you beginning to start thinking about next year? The turn of the seasons means a lot of different things to many people, but it seems just yesterday...

Bruce Fosdick’s Insights on How to Choose the Right Health Insurance Plan

November has officially begun.Decisions are upon us. All of the normal holiday decisions, like which Lego set to buy the little one or which relatives to invite (or not invite) for Thanksgiving dinner, are dancing through our heads as the seasons change.But not only...

Bruce Fosdick’s Primer on Sports Betting and Taxes

Just less than five years ago, certain sports figures were being threatened with suspension for even APPEARING at collectibles events in which a sports betting company was a sponsor.Now there is an NFL-endorsed provider of sports betting (for those states in which it...

Getting Started in Real Estate Investing: Some Tips for Douglas County Investors

Depending on what kind of news you're consuming these days or how much you're paying attention, you might not have been noticing the inflation signals that are popping all over the place. This does have implications for Douglas County taxpayers of all stripes -- and...

How Douglas County Retirees Can Maximize Social Security Benefits

We're almost there. Extended returns are due Friday, October 15th (for most - saving certain federally declared disaster areas). So, bear with us a little this week as we handle a bunch of last-minute things for the last-minute Douglas County people.But today, I...

Taxes for Teens: What Douglas County Parents Need to Teach Their First-Time Filers

Last week I talked about smart ways to launch your financial life for young people.And you know what is kind of hilarious? I forgot to talk about TAXES for Douglas County teens.Yes, yes I did.So, I'm fixing that today.Before I do: one more reminder that October 15th...

Bruce Fosdick’s Four Keys To Shape Your Financial Future During College

I wish I had been smarter about money when I was younger.(You too?)Now, when I observe the power of compounding interest, and the kinds of possibilities available to those Douglas County residents who have accumulated an asset base (however "small" it might seem) ......

Fixing Your Credit Score: How Douglas County Spenders Can Build Better Credit

We’re nearing the end of "extension season" around here at Bruce L. Fosdick, CPA, PC ... and it's been a doozy.With so many changes thrown at us, word on the tax professional street is there are going to be a lot of very tired and very grateful Douglas County CPAs and...

Buying a homeowner’s Insurance Policy: The What and the Why for Douglas County Homeowners

Click on the news right now and you’ll see: floods, storms, fires consuming whole states. And that’s not even taking into account the everyday crime from thieves or vandals that usually dominates the news. Seeing and hearing all of that, it’s easy to look around your...

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