How can your company be less of a Candidate for an Unclaimed Property Audit?
– Always reporting annually & maintaining a good filing history.
– Having a consistent report filing history.
– Documenting ALL unclaimed property transactions.
– Reporting all unclaimed property consistent with your industry.
– Avoiding perceived underreporting based on industry metrics.
– Estimating your true exposure.
– Not Submitting negative reports annually for multiple years.
– Including all property types relative to your industry.
– Keeping good records of any large mergers or acquisitions.
– Being proactive rather than reactive.
For more hits & tips on lowering your chances of being audited, please reach out to the professionals at PEACC.com by calling us at 410.303.5510 or email at info@peacc.com
