Delaware Voluntary Disclosure Agreements (VDA)

A Delaware Voluntary Disclosure Agreement (VDA) may be an organization’s most proactive option to manage overdue unclaimed property in the state. If you do not accept the invitation to participate in the Delaware VDA program, you will automatically be selected for an audit. By engaging in a Delaware VDA, companies can avoid the daunting prospect of audits, which are not only time-consuming but also significantly more costly. Delaware statute assumes the right to assess penalties and interest under an unclaimed property audit. Participating in a VDA is a strategic move that offers numerous advantages over traditional audits, saving both time and money.

Our Delaware unclaimed property VDA service is designed to provide the comprehensive support you need to navigate this complex process. Without professional guidance, companies risk severe penalties and a disruptive audit process. Failing to properly address unclaimed property can lead to substantial financial consequences and regulatory scrutiny. From the initial assessment to final compliance, our team is dedicated to optimizing cost savings and maintaining adherence to all regulatory requirements.

Partnering with an outsourced VDA management team like DMA 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.