Unclaimed Property Seminar: A Best Practice Approach September 26, 2008

Unclaimed Property

It's a little known fact: many states use funds remitted to them as unclaimed property to balance their budgets. Although required by law to remit unclaimed property-which can include uncashed checks, uncashed payroll checks, credit balances, excess inventory, inactive bank accounts and more-not everyone does. In fact, most experts estimate that only a third of those supposed to report and remit actually do so.

It should come as no surprise that states are having difficulty balancing their budgets and are becoming more aggressive in trying to track down every last cent. But what may shock some is that many states hire third-party auditors on a contingency basis to do the auditing for them. And these auditors don't always get their leads from the states; some actually go digging on their own.

The fines can be stiff and the states can go back twenty years if they wish and assess your organization for the funds believed owed. Not to mention the Sarbanes-Oxley implications for public companies! This clearly is an issue that can no longer be ignored.

This one-day intensive seminar is designed to provide you with the information you need to protect your organization and:

Ensure you remit only what you are absolutely obligated to remit;

Minimize the amount you are obligated to remit;

Employ best practices in your unclaimed property (also referred to as escheat) operations;

Become compliant with current regulations in all states if you are not currently reporting and remitting;

Implement the most recent rulings related to unclaimed property;

Understand exactly what your obligations are under the unclaimed property statutes; and

Help you get through an audit.

$495.00.

Official Website: http://ap-now.com/UPseminar.html