Author: DRDA

DRDA Welcomes Stephen Mitchley as Chief Operating Officer

Houston, Texas — DRDA is pleased to announce the appointment of Stephen Mitchley as Chief Operating Officer. Based in the firm’s Clear Lake office, Stephen will lead the operational execution of DRDA’s strategic initiatives, supporting continued growth while strengthening the infrastructure required for long term scalability.

Excellence in Service means we are team-focused, innovative, have personalized solutions with collaboration and integrity

At DRDA, we pride ourselves on delivering service that’s not only accurate but truly impactful. We know it can feel like we ask a million questions—but we promise, there’s always a reason. Every detail we request helps us better understand your financial picture and ensures we don’t miss a single opportunity to serve you well.

Take this recent case: a new client provided a year-end loan statement, which allowed us to compare it against their balance sheet. What we found was significant—over $800,000 in depreciable assets missing from the books. This discovery has huge tax implications and will ultimately save the client thousands of dollars. If they had only sent interest details, this critical oversight might have gone unnoticed. This is why we ask the questions we do.

What is ERISA and how does it benefit your business?

The Employee Retirement Income Security Act (ERISA) is a significant federal law that sets standards for employee benefit plans offered by private employers. Enacted in 1974, ERISA aims to protect the rights and interests of employees who participate in retirement plans, health insurance programs, and other welfare benefit plans. ERISA was enacted to establish minimum standards for employee benefit plans to safeguard the financial security and welfare of employees. It applies to private-sector employers that offer employee benefit plans, including pension plans, 401(k) plans, health insurance plans, and other welfare benefit plans. ERISA does not cover government plans, church plans, or plans maintained outside the United States for non-resident aliens.