Texas TDLR PEO Audits
Need An Audit Done For Your TDLR PEO License?
Are you a Texas PEO or staff leasing company looking for a CPA to audit your financials for TDLR?
You are in the right place!
How can we help?
We are CPA auditors who specialize in Texas PEO and staff leasing company audits. Our PEO clients range from small local operators to multi-state professional employer organizations with Texas payrolls. Whether you’re applying for a new TDLR license, renewing your existing one, or dealing with working capital issues, we’ve seen it before and know how to get it done.
The Texas Department of Licensing and Regulation requires every licensed PEO to submit audited financial statements showing positive working capital. A company tax return prepared by a CPA is not accepted. It has to be a full independent audit, and it needs to be done right the first time or your license renewal gets held up.
We’ll help you accomplish the following:
- Audited financial statements for your TDLR PEO license application or renewal
- Working capital calculation presented in the format TDLR reviewers expect
- Support with guarantee, letter of credit, or surety bond documentation if you have a working capital deficiency
- Coverage for both full license and limited license PEOs
- Coordination with your accounting team so the process doesn’t disrupt your operations
How it works?
Our audit approach is designed specifically for Texas PEOs, so we get things done faster than firms that treat you like just another audit engagement. Here’s how it works:
- Understanding your PEO – We start by learning your PEO structure, client company base, and workers’ comp setup.
- Planning and document gathering – We collect the records needed to plan the audit and set expectations for what’s ahead.
- Fieldwork and testing – We test your payroll, cash, and working capital components, making sure everything lines up with what TDLR wants to see.
- Reporting – Once fieldwork is complete, we issue the audit report ready for you to submit with your license package.
Most engagements finish in 4 to 6 weeks. Everything is handled digitally, so it doesn’t matter if you’re in Dallas, Houston, Austin, or anywhere else in Texas.
If you are a Texas PEO or staff leasing company that needs a financial statement audit, please contact us.
About Metwally CPA PLLC
Metwally CPA PLLC is a Texas-based CPA firm founded by Mohamed Metwally, CPA, CMA, EA. We specialize in audit and assurance services for small and mid-sized businesses across Texas and beyond, including PEOs, franchisors, mortgage brokers, nonprofits, and career schools regulated by state agencies.
Mohamed holds active CPA licenses in Texas and California, an M.S. in Accounting from the University of Dallas, and has extensive assurance experience across a wide range of regulated industries. He is a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants, and serves on TSCPA Practice Issues, Diversity and Inclusion, and Governmental Accounting and Single Audits Conference committees.
We have completed over 100 audit engagements, and every one is delivered digitally, at a fixed rate, with responsiveness measured in hours rather than days.
FREQUENTLY ASKED QUESTIONS
As a Texas PEO or staff leasing company owner, you are required to submit audited financial statements to the Texas Department of Licensing and Regulation every year to keep your license active. Below are the most common questions we get from new and existing PEOs about TDLR audits:
The Texas Department of Licensing and Regulation requires audited financials to make sure every licensed PEO is financially stable enough to meet its obligations to client companies and covered employees. Without one, your license can’t be issued or renewed.
Our firm has worked with Texas PEOs of all sizes, from small operators serving a handful of client companies to multi-state professional employer organizations with hundreds of employees on Texas payrolls. We understand the working capital rules, the acceptable substitutes TDLR allows, and how the reviewers actually read your audit report. That means fewer questions from TDLR and faster license processing for you.
We offer a range of services built for Texas PEOs and staff leasing companies, including:
- Audited financial statements for TDLR PEO license application or renewal
- Working capital calculation and presentation for TDLR review
- Support with deficiency cures such as guarantees, letters of credit, or surety bonds
- Audits for both full license and limited license PEOs
- Coordination with your bookkeeper or accounting team throughout the engagement
Most Texas PEO audits are completed in 4 to 6 weeks from the date we sign the engagement letter. The timing depends on how quickly you can share your records and whether your books are already in good shape when we start. We plan the schedule around your TDLR renewal date so nothing gets missed.
Cost depends on the size of your PEO, the complexity of your workers’ comp arrangement, and the condition of your financial records. Metwally CPA gives you a fixed-rate quote upfront, so you know the full price before signing anything. No hourly billing and no surprises later.
TDLR allows you to cover a working capital shortfall through a guarantee, letter of credit, surety bond, or other approved security. We prepare the audit so it works properly alongside whichever option you choose, and we make sure everything is documented the way TDLR expects.
Yes. We work with full license PEOs and limited license PEOs (out-of-state companies with 50 or fewer employees assigned to Texas). The audit standards are the same for both.
Yes. Metwally CPA PLLC is a Texas-licensed CPA firm based in Flower Mound, in the Dallas-Fort Worth area. We’re authorized by the Texas State Board of Public Accountancy to perform independent audits for Texas PEOs and staff leasing companies.
We deliver the audit report in the format TDLR expects and give you clear submission guidance. The actual filing is done by your PEO through TDLR’s channels, but we stay available to respond directly if TDLR comes back with questions about the report or supporting schedules.
Please note that while this information provides a general understanding of mortgage broker financial statement audits, it is recommended to consult with a financial professional or auditor for specific guidance related to individual situations. If you have any questions, please contact us.