BENEFITS OF AN UNCLAIMED PROPERTY VDA
An unclaimed property VDA program offers a proactive way for stakeholders to address overdue unclaimed property. A VDA program presents numerous advantages over traditional audits in terms of time and cost.
Our unclaimed property voluntary disclosure agreement (VDA) service offers the support you need to address overdue unclaimed property while minimizing the threat of audits and associated penalties. DMA’s expertise in unclaimed property VDA management and audit support ensures a smooth process from start to finish, maintains compliance, and optimizes cost savings.
UNDERSTANDING A VDA VS. AUDIT
Choosing the path of an unclaimed property audit can pose numerous risks with uncertain outcomes. The fear of losing control of an unclaimed property audit is real. However, with an unclaimed property VDA, you maintain control over information and analytics, which ultimately minimizes the risk of external auditors and unexpected liabilities. Unclaimed property VDAs offer voluntary compliance, cost mitigation, and penalty avoidance.
CHOOSING THE RIGHT ADVOCATE AND VDA PARTNER
Partnering with an outsourced VDA management team can help you assess your unclaimed property reporting history, guide you toward the best course of action to protect your assets, and help you avoid costly audits. Choosing the right advocate is crucial for a successful unclaimed property VDA engagement. DMA’s team of unclaimed property experts specializes in navigating the complexities of VDAs, ensuring accurate scoping, thorough analysis, and ongoing unclaimed property compliance. With DMA as your advocate, you can confidently navigate the process, minimize stress, and protect your bottom line.
Let Us Successfully Manage Your VDA
Contact us today to learn how DMA can help you avoid audits and take control of your unclaimed property obligations.