Delaware Unclaimed Property Law Overhauled

Significant Changes Affecting Compliance, VDAs and Audit Enforcement Senate Bill (SB 13) was signed into law by Delaware Governor Carney on February 2, 2017. The new law, which became... Read more

Revised Uniform Unclaimed Property Act Will Affect AR Compliance

Unclaimed property compliance is an integral part of every accounts receivable professional’s job. Any outstanding receivables—for example, credit balances or unapplied cash—must be reported as unclaimed property if it... Read more

Reporting Canadian Unclaimed Property

By now, most financial professionals know that accounts receivable credits have the potential to become unclaimed property. What the accounts receivable department may not know is how to handle... Read more

Unclaimed Property Spring Reporting Deadlines Are Coming Up

When companies stay on top of these deadlines and timely report unclaimed property, they avoid potentially exorbitant penalties and interest. To find out what Accounts Receivable managers need to... Read more

Fall Unclaimed Property Deadlines

Thirty-nine jurisdictions have fall reporting and remitting deadlines for unclaimed property. This is important for AR managers to know because several types of accounts receivable constitute unclaimed property, according... Read more

Escheatment Primer

When Bankers Trust was fined $50 million for failing to escheat a few years ago, corporate ears perked up. Many wondered, "What is escheatment?" Others began asking, "What are... Read more

3 Unclaimed Property Reporting Best Practices

With enforcement growing ever more aggressive, unclaimed property best practices are a must, including: creation of a reporting manual; performing due diligence in locating property owners; and complying with... Read more

Missing Opportunities to Apply an Unclaimed Property Exemption?

Have you been missing opportunities to apply unclaimed property exemptions to your outstanding credit balances? Michigan recently became the 14th state to offer business-to-business exemptions of certain types of... Read more

Unclaimed Property e-Reporting Helps Automate AR Compliance

With the advent of NAUPA II format for unclaimed property reporting, your AR and credit departments can file their reports with states electronically, eliminating labor and other costs of... Read more

The Positive Side of Escheatment Compliance

Meeting escheatment compliance requirements can be time-consuming, but there are benefits, including reducing the risk of legal liability and fraud.