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.

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A Why Estate Planning Now Take by Emelia Mensa CPA

Yeah, we all know that old adage about death and taxes (one with which I’m intimately familiar in my line of work).Yet so few people think to plan for either inevitability. We seem to have an obsession with avoiding them – and believe me, I get it. And I’m obviously...

Tax Documentation Connecticut Filers Should Keep and Why

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How Connecticut Taxpayers Can Check Their Social Security Statement and Status

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Emelia Mensa CPA’s Guide to The Tax Benefits of Marriage (& Drawbacks)

Memorial Day always seems to be the mark of the start of summer: school’s out, local area pools open, backyard barbecues commence, and wedding season goes full tilt (I’ve got some insight on the tax benefits of marriage coming at you today)... Seems strange...

Multilevel Marketing Tips for Connecticut First-Timers

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Emelia Mensa EA, CPA’s Case for Umbrella Insurance

So, this is the time of year when IRS notices start pouring into mailboxes. And while the IRS has put a hold on a lot of those, some are still trickling through.And no one likes getting them.The problem right now is that the IRS is still in “treading water” mode as...

Buy Now Pay Later Pitfalls Connecticut Shoppers Should Beware

Although the strain of tax season is behind us, I know we all are feeling the weight of financial strain on our daily lives.The pressure cooker of inflation, pandemic / post-pandemic, cultural upheavals, global friction, political shifts, etc. has really taken its...

When Amending a Tax Return Is Right for Connecticut Taxpayers

Here we are in May. The tax deadline is in the rearview … and we’re still here for our friends. Ready to rock on your behalf. Today I’m talking about second chances.Ctrl + Z. Ever used that keyboard shortcut? It’s also known as the “undo” button – a do-over if...

Why Disability Insurance Matters – Emelia Mensa EA, CPA’s Take

Now that the tax deadline has come (and gone - whew!), it’s time to start thinking about the rest of 2022… and future possibilities of all kinds – both good and, well, not so good. The good? There are steps taxpayers like you can take now to help lower next...

How Connecticut Taxpayers Can Wisely Spend A Tax Refund

By the time you read this, the tax deadline will have just passed and our tax office will be taking a long, deep breath. (Serenity now!) These days have been a whirlwind of activity for us here at Emelia Mensa, CPA, and not just because of tax season. The turning...

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