We ensure your financial records are flawless, evaluate your financial procedures and produce strategies so you can overcome the challenges of business planning and execution like controlling costs, increasing efficiency, and implementing new technologies and procedures.
Audits, Reviews, and Compilation
An in-depth examination and confirmation of account balances, inventories, and selected transactions. We remove any errors, ascertaining the validity and reliability of your information.
Reviews provide limited assurance to outside interests and confirm financial statement matters, as well as identifying any items requiring further analysis.
Compilations do not offer assurance but may involve some adjustment to accounting records.
Accurate record-keeping is essential to a successful business. DRDA, PLLC can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
Capital/Loan Sourcing & C-Suite Services
We collaborate with experienced bankers and an SBA loan expert to provide you better funding options that you wouldn't have originally imagined.
DRDA, PLLC provides in-depth analysis to identify the factors that drive the value of a company, especially when it comes to estate planning and compliance, buying and selling businesses, divorce matters and family limited partnerships, and ESOPs. Many factors contribute to the perceived value of a business, but our experts can help you make confident business decisions.
Much of the tax code has unique applications to taxpayers that are categorized by the IRS as transportation employees. How meal expenses are reconciled against per diem payments, whether commuting expenses are or are not deductible and which expenses are deductible as airline employee business expenses are but only a few of the common mistakes we see. Many CPAs and tax preparers are not well trained in the unique applications of the tax law relating to airline employees. If you are not using a firm that specializes in the airline industry you are probably not getting all of the deductions that you are allowed or your return may not be IRS compliant. Or both.
We have over 30 years of airline tax experience. Be we don’t rest on those laurels. We are constantly researching tax law and engaging the IRS on airline employee tax issues to ensure that we are getting every deduction for which you are entitled. We have argued airline employee issues before the IRS. Many “airline tax firms” have airline employees as clients and count that as their primary qualification of being a specialist.
Over half of our clients live out of state. We are fully capable of preparing tax returns from every state with state income taxes. We have a very efficient system to gather the information we need and to deliver your tax returns to you no matter where you live. We have hundreds and hundreds of clients all over the United States.
Employee Benefits, Pension, and Profit-Sharing Plans
DRDA, PLLC can help you develop, implement, and administer your benefit, retirement, and profit-sharing plans that help maximize tax advantages. As your business grows, your business and your employees will be rewarded for the hard work that contributed to your success.
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities, but DRDA, PLLC can advise you on choosing an entity type and later restructuring if advantageous.
Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones and maintain a smooth succession of ownership for businesses. We help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries.
Financial Projections and Forecasts
DRDA, PLLC combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. We keep current with market trends so that you can be prepared for what is to come.
Financial and Retirement Planning
Our goal is to help you maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, retirement plans, insurance, tax, estate, and business succession planning. DRDA, PLLC can ensure that your investment portfolio will take into account tax implications for an advantageous return.
We have vast experience with the taxation of companies or residents doing business abroad as well as foreign corporations or citizens doing business in the United States. We even have a full suite of services if you plan to migrate your business overseas.
Our experience with tax authorities enables us to provide vital guidance to clients in their dealings with federal and state agencies. If you have been chosen for an audit, we are ready to answer any and all questions the IRS may be asking of you.
Litigation Support and Forensic Accounting
DRDA, PLLC litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation.
Mergers, Acquisitions, and Sales
Business transactions are complicated affairs, but whether you're buying, selling or considering a potential merger, DRDA, PLLC has the expertise to help you successfully structure and negotiate the deal. Through careful analysis and due diligence, we determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics.
We develop and implement a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.
Tax Management Services
At DRDA, PLLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.