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Unclaimed Wages or Escheat laws - Latest Updates

October 24, 2023
60 Mins
Dayna J Reum, CPP
$199.00
$299.00
$299.00
$349.00
$299.00
$199.00
$299.00
$199.00
$199.00
$299.00
$299.00
$199.00

Unclaimed Wages or Escheat laws are those of each state that requires 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 regards to unclaimed wages.  And will help the participant understand the difference between reporting and remitting.  It will help the participate to understand what is considered unclaimed and Escheat. It will also discuss the complexities and challenges with.

Webinar Objectives
  • 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.
Webinar Agenda
  •  
  • What is unclaimed Properties?
  • When is property considered abandoned?
  • Employer/Company risk
  • How to handle an audit?
  • Unclaimed Properties Compliance
  • Special Payroll Concerns
  • Best Practices
Who Should Attend?

Payroll and Tax Professionals

Dayna J Reum, CPP

Dayna J Reum, CPP

Dayna is currently the Senior Director of Payroll & HRIS at a major medical Center in Chicago.  Dayna has been heavily involved in the payroll field over 17 years.  Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc.  During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association.  She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll...
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