Unclaimed Property Compliance: Mitigating Risk and Exposure

Webinar

Complying with unclaimed property requirements is a time consuming and costly requirement for your business. With every state imposing its own unique regulations, this creates confusion among businesses and makes it expensive and difficult to remain compliant. How big of a problem is it? Current estimates indicate 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. 

During this educational webinar, Sovos unclaimed property experts will be discussing:

Speaking the Language – High-level overview of unclaimed property and why it’s important to your business.

Special Guest Speaker – Kim Micha, administrator of Delaware’s (VDA) Voluntary Disclosure Agreement Program will be introducing Delaware’s VDA program and discussing why it may benefit companies to enroll.

Reporting Best Practices – We’ll share best practices for successful reporting and some common pitfalls to avoid, including the importance of creating and maintaining a policies and procedures manual. Internal processes and procedures should be followed to ensure the company isn’t exposing itself to an audit which could result in hefty fines.

Tracking State Compliance Changes – Every state jurisdiction has its own rules regarding compliance. Keeping track of compliance is a big job to track manually, so it’s important to understand how these changes impact company liability.

Keeping Management in the Loop – Executives should be “in the know” when it comes to unclaimed property and should be taken seriously.

Trends, Audit Triggers and Legal Changes – We will review those actions which could be cause for audits and penalties and how to avoid them, as well as current trends and legal changes on the horizon.

Unclaimed Property Compliance Solutions – Sovos’ Unclaimed Property Compliance Solution allows you to automate the unclaimed property compliance process saving you time, money and safeguarding your business’ reputation and financial interests. Additionally, our managed services solution takes the burden off your organization altogether, letting our experts manage the entire process for you from pre-escheat to filing.

Watch on-demand Here

North America Unclaimed Property
October 24, 2023
STA Annual Conference

Freda Pepper will be speaking at STA Annual Conference on the Unclaimed Property Panel addressing the latest in the unclaimed property arena.

North America Sales & Use Tax Tax Compliance VAT & Fiscal Reporting
October 10, 2023
SAPinsider SAP S/4HANA Summit 2023

This two-day summit covers everything you need to know about a successful SAP S/4HANA migration project. Whether you are just starting to plan for the move, speaking with consultants about change management or deep in the weeds of data transfers, the sessions at this year’s SAPinsider SAP S/4HANA will help you plan for success on […]

North America Sales & Use Tax Tax Compliance Tax Information Reporting VAT & Fiscal Reporting
October 22, 2023
75th Anniversary TEI Annual Conference

Sovos is a Gold sponsor of Tax Executive Institute’s 75th Annual Conference. Engage with our team during two speaking session and and offsite event, or book 1:1 time to discuss your compliance strategy. 

North America Sales & Use Tax
October 1, 2023
2023 IPT Sales Tax Symposium

Join Sovos’ very own Chuck Maniace for “Newer Tax Types and Fees – What’s Next” on Monday, October 2 from 3:45-5:00 PM CT and visit with the Sovos team during Tuesday’s reception.

North America Sales & Use Tax
October 2, 2023
CFO Leadership Conference 2023: West

Stop by Sovos Booth #13 at the CFO Leadership Conference 2023: West. Share your views on tax technology by completing our quick survey and enter for your chance to win Bluetooth headphones.