Unclaimed Property Consultants and Tax Risk Advisory
In today's environment, even the most sophisticated company is exposed to the risk of either under- or over-reporting its unclaimed property liability. Any inactive property not claimed within one to five years creates a responsibility for the "holder" company, which must remit the unclaimed property to the state.
Duff & Phelps specializes in helping companies proactively manage all of their unclaimed property activities in the most efficient and cost-effective manner. By developing a series of tools to help companies gather, track and report unclaimed property of all types and across all industries, we ensure that companies meet, but not exceed, their unclaimed property reporting requirements. One such tool, the Unclaimed Property Portal, is a robust online management tool that provides corporate holders with a real time audit trail of each potentially reportable unclaimed property record.
Unclaimed Property Services Expertise
The State of Unclaimed Property
Duff & Phelps conducted a survey of financial executives in coordination with the Financial Executive Research Foundation to understand prior experience with unclaimed property audits, participation in voluntary compliance programs, including the new Delaware Voluntary Disclosure Agreement, and knowledge of reporting requirements.
Video: What Financial Executives Must Know About Unclaimed Property
Duff & Phelps Managing Director, Robert Peters, highlights what CFOs and other financial executives need to know about complying with unclaimed property reporting requirements.
Webcast Replay: Unclaimed Property Survey Results
Duff & Phelps and the Financial Executives Research Foundation recently conducted a survey of senior executives on the issues of unclaimed property audits and voluntary disclosure programs, including the State of Delaware’s new VDA program. On this webcast we will reveal the results of this survey, including what other companies have experienced through past audits and VDAs, as well as the pros and cons of participating in programs such as Delaware's new initiative.