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Audit Resource Group
Audit Resource Group Unclaimed Property Reporting Services
A financial asset held by an organization unclaimed by the
rightful owner is considered "unclaimed property" (i.e.,
escheat). Common forms include uncollected wages,
uncashed checks, outstanding credits, and gift cards.
After one or more years the escheatable property must be reported and remitted. Each state has a statute to specify reporting and remittance requirements, including deadlines, dormancy periods, and definitions as well as interest and penalties for unreported escheat.
After one or more years the escheatable property must be reported and remitted. Each state has a statute to specify reporting and remittance requirements, including deadlines, dormancy periods, and definitions as well as interest and penalties for unreported escheat.
Our escheat consultants have extensive experience reporting unclaimed property. We
help clients identify property exempt from escheat laws, review records for accuracy,
and improve procedures for efficiency and compliance.
To best meet your specific annual compliance requirements, we offer several options:
To best meet your specific annual compliance requirements, we offer several options:
Audit Resource Group is designed to bring high caliber talent to the midsize enterprise.
You will find our rates more affordable than single-service providers and our level of
personal attention to be outstanding.
Give us a call today at (206) 402-2733 to learn more about Audit Resource Group.
Give us a call today at (206) 402-2733 to learn more about Audit Resource Group.
Full Outsourcing Services for complete annual due diligence and reporting solutions
Advisory Services for initial review, including exemption and dormancy analysis
Voluntary Compliance Services for reporting past unclaimed property
info@auditresourcegroup.com
© 2010 Audit Resource Group LLC
"Audit Resource Group’s attention
to detail and high level of service
are impressive."
GENE LEVINE
VP and CONTROLLER
ENTERCOM COMMUNICATIONS CORP.
BALA CYNWYD, PA
VP and CONTROLLER
ENTERCOM COMMUNICATIONS CORP.
BALA CYNWYD, PA
Helping companies meet unclaimed property requirements
while streamlining processes and reducing costs.
Common unclaimed property sources:
- Payroll
- Accounts Payable checks
- Refunds (security deposits,
overpayments, etc.)
- Credit Balances
Small amounts cannot be written off.
Be sure to address unclaimed property in your vendor contracts!
- Payroll
- Accounts Payable checks
- Refunds (security deposits,
overpayments, etc.)
- Credit Balances
Small amounts cannot be written off.
Be sure to address unclaimed property in your vendor contracts!