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Unclaimed Property Compliance: Best Practices for Post-Pandemic Escheatment

On-Demand Recording

Rapidly changing escheatment laws make unclaimed property a constant struggle for businesses, especially as cash-strapped states crack down on collections and audits.

This is a real challenge any year, but it takes on additional urgency in 2022 as states look to unclaimed property ‘revenues’ as a source of relief for fiscal strains and a means to balance budgets.

As companies reopen, they will face a host of legislative, enforcement and litigation challenges over unclaimed property.

Join us for this information-packed, 60-minute program for the latest updates that impact escheatment and unclaimed property processes.

Identifying Unclaimed & Abandoned Property: Keeping It Compliant

  • Classifying unclaimed property: How categories impact reporting and processing
  • How to handle uncashed checks, credit balances and gift cards in the current climate
  • Your organization’s responsibilities under the Uniform Unclaimed Property Act

Documenting Unclaimed Property: Requirements for Reporting

  • Legislative updates that impact your escheatment reporting obligations
  • Timelines you need to know for compliant reporting
  • Best practices for efficient escheatment reporting

What You Need to Know if You Find Yourself Out of Compliance

  • How to identify errors and get your reports ready for audit
  • Notification requirements and strategies for success for all parts of the escheatment process

Program Benefits

You'll walk away with a clear understanding of unclaimed property processes and reporting to ensure a compliant, accurate approach to post-pandemic escheatment. You'll gain an in-depth understanding of the repercussions of non-compliance, what it takes to correct any exposures in your current plan and how to navigate escheatment in the current climate.

If you'd like this program customized for your organization, call us at 1-800-964-6033. We're certain we can fulfill your training needs, while making it fit in your budget!

ABOUT THE SPEAKER

Jim Castagnera
Jim Castagnera holds an M.A. in Journalism from Kent State University, and a J.D. and Ph.D. (American Studies) from Case Western Reserve University. He practiced law for 36 years, before retiring in June 2019: 10 years as a labor, employment and intellectual-property attorney with Saul Ewing Arnstein & Lehr; 3 years as general counsel for Wharton Econometric Forecasting Associates; 23 years as associate provost & legal counsel for academic affairs at Rider University. Currently, he devotes his full-time to journalism and teaching. He is the chief consultant for Holland Media Services, LLC, a freelance-writing and communications company with offices in Los Angeles and Philadelphia; and president of Casta Volte Due, Inc., a day trading company.

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HRCI CREDITS

This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org

NASBA CREDITS

Credit Hours:

1

Field of Study:

Finance

Program Level:

Basic Knowledge

Prerequisites:

None

Advance Prep:

None

Delivery Method:

Group Internet Based

Progressive Business Conferences is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org