Unclaimed property results from the everyday functions of a company’s operations. As state budget deficits continue to grow, companies should expect unclaimed property compliance and related audits to continue to increase.
Auditors tell us that 80% of all businesses are out of compliance with their unclaimed property obligations. This can lead to fines and other financial burdens on your business.
Join us for this educational webinar where Sovos unclaimed property expert, Danielle Herring, will share guidance on what to do now that fall reporting is over to ensure your organization remains in compliance.
We are also excited to have Kim Micha from the state of Delaware joining us. Kim will speak about unclaimed property compliance from Delaware’s perspective and will provide information on the Delaware SOS VDA (Voluntary Disclosure Agreement) program.
Other topics that will be covered include:
• Record Retention – What documentation does your organization need to retain and for how long?
• Report Correction – How to interpret the reason a state has rejected your report and make the proper corrections.
• Due Diligence – We will provide the latest due diligence information and guidance for successful owner outreach.