Keane's Unclaimed Property Blog

How to Avoid the Escheat Reporting Operational Time Crunch

The end of October is the busiest time of year for unclaimed property reporting, with companies experiencing the greatest amount of operational strain during this period.

Before October 31st or November 1st (depending on the state), you have to make sure that you’ve completed all of the required escheat reporting tasks, such as updating your reports based on due diligence responses, burning CDs, printing/signing/notarizing reports, or uploading them to various state websites.

It’s a lot to handle, and what most companies don’t realize is that even though you’ve submitted your reports for the fall – preparations for spring deadlines should start right away.

Escheat reporting truly is a year-round process, and companies that employ a proactive year-round approach are often able to avoid the operational crunch that many firms are suffering through right now.

To help your company prepare for unclaimed property reporting deadlines in 2019, we’re hosting a webinar on November 15, 2018, that will focus on what your organization can and should already be doing to ensure compliance with state unclaimed property laws and regulations for the spring cycle and beyond.

 Webinar: Unclaimed Property Reporting Tips & Best Practices for 2019

What You’ll Get From the 2019 Escheat Reporting Webinar

Tips on How to Prepare for Spring Escheat Deadlines Over the Next Six Months

As a holder of unclaimed property, you have certain duties that need to be fulfilled each and every escheat reporting cycle to ensure compliance with each reporting jurisdiction.

For many holders, the success or failure of their compliance program is dependent on ensuring all required tasks are completed in a timely manner – and having a set timeline for all required tasks.

During our presentation, we will provide a month-by-month overview of what your company can and should be doing for Spring 2019 escheat reporting deadlines.

For each month, we will provide you with insider tips and best practices to ensure that you are completing important escheat reporting tasks on schedule.

Important Escheat Reporting Deadlines for the Spring

Did you know… the earliest Spring escheat deadline falls on March 1st in Delaware?

This means that with standard due diligence time frames between 60-120 days before the reporting deadline, you should be in the process of preparing your mailing campaign right after the fall deadlines pass to ensure that you’re on track to meet the report filing date.

In our webinar, we’ll provide you with each deadline for the spring escheat season – along with specific requirements for each state.

Impactful Legislative & Regulatory Changes for 2019

State unclaimed property laws and requirements are constantly changing, either through legislative or administrative actions. These changes can greatly impact your reporting obligations and procedures.

Our team has been tracking all of the legislative changes over the last few months and will outline how each piece of legislation may affect your company’s unclaimed property compliance program.

Join us on November 15th at 2 PM Eastern

We hope that you will be able to join us for our Webinar, “Unclaimed Property Reporting Tips & Best Practices for 2019.”

You can register today to ensure that you are doing everything you can to proactively prepare for the Spring.

If you have any questions you would like to see addressed during the webinar, let us know at [email protected].

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