An external audit is an independent review of financial statements conducted by certified auditors. It is essential to ensure transparency, credibility, and compliance with financial regulations (IFRS). It also enhances the trust of investors, banks, and regulatory entities.
Internal audits are performed within the company to improve processes and controls. External audits are conducted by an independent firm to certify financial statements. Both are complementary and improve business management.
You can hire accounting outsourcing by contacting a specialized firm like Parker Russell RD. The process includes needs assessment, service proposal, contract signing, and access to monthly accounting reports and continuous advisory.
The Dominican Republic adopts the International Financial Reporting Standards (IFRS), issued by the IASB. Their application is mandatory for regulated entities and recommended for all companies.
Returns are filed through the DGII virtual portal using your RNC and password. They include forms such as IT-1, IR-2, IR-3, IR-17. Parker Russell RD can manage and automate this process for you.
It is a set of legal strategies to optimize tax payments. It allows you to take advantage of deductions, tax credits, and exemptions, avoiding unnecessary payments and improving business profitability.
The DGII may apply penalties, interest, and tax blocks. Parker Russell RD provides support to regularize your situation, correct filings, and negotiate payment plans.
Through sound tax planning, organized accounting, deductible expenses, tax credits, and timely compliance. Our experts guide you within the current legal framework.
VAT (ITBIS), Income Tax (ISR), Property Taxes, IR-3 and IR-17 withholdings, and other sector-specific taxes.
Business registration, contract drafting, labor compliance, legal defense, litigation advisory, and government procedures. Parker Russell RD offers comprehensive corporate legal consulting.
With guidance from specialized attorneys. A good contract protects interests, defines obligations, and prevents legal disputes. We offer professional drafting and review.
You should consult labor law experts to handle terminations, claims, contracts, and mediations. Our legal team offers strategic and preventive assistance.
You must obtain the trade name, incorporate the business, register with DGII, TSS, Ministry of Labor, and other agencies depending on the industry. We guide you through every step.
It is a financial, technical, and strategic analysis of a project to determine its feasibility, profitability, and risks. It is crucial before investing.
Costs, projected income, break-even point, IRR, NPV, and risk scenarios are analyzed. Our team uses international methodologies to ensure accurate decisions.
Accounting structure, legal framework, tax management, financial planning, digitalization, and regulatory compliance. We offer solutions tailored to every growth stage.
It depends on the type and size of the company. We recommend solutions lik Dinnamicwhich offers accounting control, invoicing, and automated reporting.
Process automation, error reduction, tax compliance, real-time reports, and operational efficiency. Ideal for growing businesses.
With legal advisory, title verification, sales contract, notarial procedures, and property registration. Our team assists you throughout the process to ensure a secure transaction.
Parker Russell RD is a member firm of Parker Russell International, specializing in audit, tax, accounting, legal services, and business consulting.
We offer comprehensive solutions with international standards, backed by over 15 years of experience in the Dominican market.
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