Accounts Payable CD Library!

Unclaimed Property Basics: A Best Practice Approach

Is there a ticking escheat bomb waiting to explode in your organization? Many have one and choose to look the other way. A major financial exposure for all organizations--both large and small--is their compliance with state abandoned property laws. Laws in all US states and territories require businesses to report and remit outstanding liabilities.

Items such as uncashed payroll and vendor checks, unclaimed dividends and securities, unredeemed gift certificates and unidentified remittances that have not been claimed by the owner within a specified period of time are supposed to be remitted to the states. And the states are aggressively pursuing those funds.

The states increasingly view their unclaimed property laws as a revenue source and their stepped-up audit activity is resulting in some very large assessments for businesses. It is more important than ever for business managers to understand their unclaimed property obligations so they can minimize the impact of unclaimed property laws on their operations and financial bottom lines. Will an escheat bomb detonate at your organization when it is audited?

Puchase the CD ($159) here.

Please join us for 60-fast paced minutes as Tracey Reid, President of Reid Unclaimed Property Services brings you and your team up to date on what you need to know to make sure you comply with Unclaimed Property Reporting requirements and avoid a disaster if audited. She'll show you how to:

o Identify hidden unclaimed property obligations in your company
o Recognize unclaimed property audit red flags on your reports
o Prevent unclaimed property fraud in your company
o Successfully manage any unclaimed property audit
o Streamline your company's unclaimed property policies and procedures

Puchase the CD ($159) here.

About our Expert: Tracey Reid is the President of Reid Unclaimed Property Services (RUPS). Previously, Ms. Reid worked in the "Big Four" public accounting arena where she concentrated on unclaimed property. She is a frequent speaker across the country in the area of unclaimed property and is the author of several articles, including "Unclaimed Property: What You Don't Know CAN Hurt You!" and the upcoming book, "A Guide to Unclaimed Property for the Business Owner." She is a member of both the Ohio Bar Association and the Florida Bar Association and is a graduate of the University Of Miami School Of Law with an LL.M. degree in taxation. She also earned a J.D. degree from the Salmon P. Chase College of Law at Northern Kentucky University.

Puchase the CD ($159) here.