Finance & Insurance

Property Tax

For financial services firms, banks, and insurance providers, property tax is often an under-managed expense—despite a significant footprint of leased offices, IT infrastructure such as data centers, and business personal property across multiple jurisdictions. Without strategic oversight, companies may overpay due to misclassified assets, outdated valuations, or jurisdictional inconsistencies.

DMA provides advisory support tailored to the finance and insurance sector, including:

• Assessment Review & Appeal services to challenge overassessments and secure tax savings
• Valuation guidance for leasehold improvements, technology, and FF&E
• Property tax planning during office relocations, consolidations, or acquisitions
• Strategic oversight for multi-state personal property portfolios

For enterprise-scale operations, DMA’s Property Tax Portfolio Management & Administration service provides centralized management of property tax obligations including assessments, budgeting, compliance, and appeals across jurisdictions.

Site Selection

Our site selection team assists financial and insurance organizations in identifying strategic locations while maximizing available tax incentives and other cost-saving opportunities. We support businesses in securing benefits for opening new offices in key locations, negotiating local tax abatements, and uncovering financial advantages tied to infrastructure development and job creation.

Transaction Tax

Our team delivers analysis and tailored research on transaction tax issues to support your tax administration efforts. Our transaction tax experts ensure compliance with multi-jurisdictional tax laws, providing actionable insights and detailed guidance to address complex tax scenarios. We help you manage exemptions, stay compliant with varying tax regulations, and ensure proper treatment of taxable services and add-ons, minimizing risks and optimizing tax strategies.

Income Tax

Through our alliance with GTM, DMA helps clients uncover tax savings, reduce exposure, and stay ahead of federal and state income tax regulations. Services include tax recovery, health checks, nexus studies, and minimization strategies to optimize tax positions and manage risks.

Property Tax

Financial institutions and insurance providers are frequent targets for property tax audits, particularly in jurisdictions that tax business personal property. Inaccurate or outdated asset records—especially for IT equipment and leasehold improvements—can lead to overstated assessments and excessive tax payments.

DMA’s Property Tax Audit Management service help finance and insurance companies manage and respond to audit inquiries efficiently, validate property data used in assessments to prevent overvaluation, and address inconsistencies across jurisdictions, particularly for leased and corporate office locations.

DMA also performs historical assessment reviews to uncover and recover overpayments tied to asset misclassification, lingering ghost assets, or aggressive depreciation assumptions. Our team ensures companies pay only what they owe, while reducing future audit exposure.

Asset Recovery

We assist organizations in recovering unclaimed assets such as uncashed checks, unclaimed insurance refunds, and outstanding vendor payments from over 400 government entities. Our proven track record in asset recovery ensures that organizations reclaim millions in dormant assets, boosting financial stability and improving cash flow.

Transaction Tax

We identify and recover overpaid taxes while addressing inaccuracies and inefficiencies to mitigate future risk. Our comprehensive process provides detailed analysis, proactive solutions, and expert support to optimize recovery efforts and future compliance. We also provide audit support, assisting with tax authority inquiries and ensuring accurate documentation to minimize risks associated with potential audits, all while helping you navigate the complex and varied tax regulations in this sector.

Income Tax

Through our alliance with GTM, DMA’s clients have access to professionals that help recover overpaid federal and state income taxes and manage audits with confidence. Experts review tax filings to identify refund opportunities, oversee the recovery process, and support businesses through audits by communicating with auditors, resolving issues, and minimizing assessments.

Property Tax

With operations spanning branch offices, data centers, and corporate hubs across multiple states, finance and insurance companies face a complex web of property tax reporting obligations, particularly for business personal property. Ensuring accurate, timely filings and managing assessments across locations can quickly become resource-intensive.

DMA’s Property Tax Compliance team provides multi-jurisdictional return preparation and submission, assessment monitoring and correction of discrepancies, and documentation, filing calendars, and audit readiness support.

For firms with national or regional footprints, DMA’s Property Tax Portfolio Management & Administration service offers fully outsourced property tax operations—handling everything from bill receipt and payment to compliance tracking and appeal coordination. We ensure accurate filings, improved visibility, and minimized risk across your property portfolio.

Transaction Tax

Our transaction tax compliance service offers a complete solution for preparing and filing monthly returns. With a US-based, centralized compliance center and a team of jurisdiction-specific experts, we ensure accurate, timely filings while acting as a seamless extension of your tax department. Our experts understand the complexities of tax compliance related to the finance and insurance industry, helping you stay compliant with regulations while addressing industry-specific exemptions.

Income Tax

Through our alliance with GTM, DMA connects clients with services that simplify federal and state income tax compliance. From filings and nexus studies to voluntary disclosures, businesses receive targeted support to minimize liabilities and ease the burden on internal teams.

Unclaimed Property

Our unclaimed property compliance service streamlines the reporting process for financial and insurance companies. We handle everything from developing custom compliance schedules to managing state notices, ensuring accurate reporting and timely remittance. Partnering with us minimizes audit risks, avoids penalties, and protects your reputation while ensuring full compliance with unclaimed property regulations.

The right technology and processes can transform your tax function, ensuring accuracy, efficiency, and scalability. DMA’s tax technology team provides end-to-end solutions, including:

Tax Process Optimization and Automation

Our technology experts assess and enhance existing transaction tax systems to improve accuracy and streamline processes.

Tax Software Selection & Implementation

DMA helps businesses identify the best-fit transaction tax software solution and ensures seamless integration with existing systems. Our experienced team provides a comprehensive, unbiased evaluation, tailored implementation, and optimization to maximize the benefits of automation and align with your evolving business needs.

Exemption Certificate Management

We help clients automate the management of exemption certificates to reduce manual errors and ensure compliance.

Custom Software Solutions

Our experts design and implement tailored solutions to meet your tax requirements, including tools for data analysis, reporting, and automation.

Ongoing Maintenance and Enhancements

Keep your transaction tax software systems optimized, scalable, and aligned with regulatory changes by utilizing DMA’s Managed Tax Services.

Simplify Unclaimed Property Management

Our AUPTC unclaimed property software automates the compliance process. From tracking unclaimed property and conducting due diligence to processing claims and generating reports, our solution simplifies workflows, enhances accuracy, and ensures on-time compliance. Automated reminders and notifications help meet deadlines and reduce audit risks effortlessly.