Unclaimed Wages

Unclaimed Wages or Escheat laws are those of each state that require employers to report and remit amounts for checks that are uncashed by employees. Escheat or unclaimed wages can become a large compliance issue for employers if they are not following the requirements of each state for reporting and remitting purposes. This webinar will review the laws of all 50 states in regard to unclaimed wages. And will help the participants understand the difference between reporting and remitting. It will help the participants to understand what is considered unclaimed and Escheat. It will also discuss the complexities and challenges with.

Webinar Agenda

What will be covered in the session:

• What are unclaimed properties
• Difference between tangible and intangible property
• Review of state law dormancy period
• Who must worry about unclaimed property?
• What companies are at higher risk of audit
• Record Retention requirements
• Review of the meaning of due diligence in relation to trying to notify the employee of pay owed.

Who Should Attend

• Payroll Managers and Payroll Administrators
• Human Resources Managers and Directors
• Compensation and Benefits Professionals
• Accounting Managers and Staff Accountants
• Controllers and Assistant Controllers
• Finance Directors and CFOs
• Accounts Payable Professionals
• Compliance Officers and Compliance Managers
• Internal Auditors
• Corporate Counsel and Legal Professionals
• Risk Management Professionals
• Treasury and Cash Management Personnel
• Shared Services and Operations Managers
• Business Owners and Small Business Managers
• Third-Party Payroll Service Providers
• Employment Tax Professionals