Many finance and insurance companies are changing their tax operating models due to a combination of regulatory requirements, environmental factors, and staffing issues. Co-sourcing or outsourcing indirect tax compliance is an effective solution that resonates with these company leaders. DMA acts as an extension to your tax department by providing a vast array of indirect tax services and solutions.

Our team has generated more than $143 million in tax savings for finance and insurance clients in the industry.



A large California-based financial institution engaged primarily in the mortgage and loan origination business across multiple states desired a review of its previously filed state returns to identify opportunities to recover overpaid state income taxes. The company was resource-constrained and knew the potential existed for misapplication of the tax laws and rules over time. They also believed improvements could be made to the methodologies employed in-house. DMA was selected as the provider of choice due to our vast expertise in state income and franchise tax. Our state income tax professionals conducted a review of the previously filed state returns to identify opportunities to amend the client’s prior returns. We identified a significant issue and obtained the client’s approval to file amended returns which resulted in savings of nearly $350,000 per year (90% of their tax in that state). The client was also able to use this same methodology moving forward to lower its future year taxes and save their organization almost $350,000 a year in tax expenses.



DMA partnered with a Fortune 500 insurance company that was faced with a large audit assessment. They had very few internal resources to manage the audit. DMA’s tax professionals focused on minimizing the audit liability by reducing the proposed assessments and incorporating transaction tax overpayments into the audit. After the audit closing, DMA performed an additional transaction tax recovery review to obtain all overpayments made during the open statutory period. In total, DMA secured more than $3.8 million in transaction tax savings for the client.