Keane's Unclaimed Property Blog

Increase in IL and DC Audits Likely

Increase in IL and DC Audits Likely

Compliance

In a previous blog post we discussed how in times of economic downturn, unclaimed property has historically been a way for the states to fill budget gaps through various measures. Recent activity by Illinois and Washington D.C., detailed below, lends credit to this theory by indicating that IL and DC will soon be increasing audit […]

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Keane Reporting and Consulting Acquired by Sovos

Keane Reporting and Consulting Acquired by Sovos

Compliance

Global tax software provider Sovos today announced it has acquired Keane’s unclaimed property consulting services and reporting technology. The acquisition, Sovos’ fourth this year, makes 2020 the company’s most acquisitive year yet. The purchase of Keane’s software and consulting services deepens Sovos’ footprint in the unclaimed property compliance market, as states turn to these revenue streams to […]

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UPPO Members’ Choice Winners

UPPO Members’ Choice Winners

Compliance

UPPO (Unclaimed Property Professionals Organization) announced their annual Members’ Choice Awards winners for 2020! Congratulations to this years recipients: Unclaimed Property State Representative of the Year: Tom Egler and Debra Cancel from Florida Unclaimed Property State of the Year: Pennsylvania Advocacy Partner of the Year: American Bankers Association (ABA) Legislation of the Year: Tennessee for […]

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Washington Sending Report Reminder Letters

Washington Sending Report Reminder Letters

Compliance

The State of Washington Department of Revenue is sending out letters to companies stating that they have not received the required 2019 Unclaimed Property Report. It appears that these letters are targeted to holders that previously reported unclaimed property to the State of Washington but may have discontinued reporting to the State or changed their […]

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