SERVICES

ANNUAL COMPLIANCE

DMA’s Outsourced Unclaimed Property Compliance service is a complete annual compliance solution. Our unclaimed property managed service includes all or any of the following:

  • Managing compliance for all unclaimed property
  • Sending formal due diligence letters and tracking owner replies
  • Reissuing checks to property owners
  • Filing reports with the states
  • Reconciling the general ledger

Each engagement begins with a thorough discussion of your unclaimed property processes and service expectations. From there, our unclaimed property annual compliance team creates a calendar and process defined by your reporting and remittance requirements. We also manage responses to state notices and inquiries about your reports.

AUDIT MANAGEMENT & DEFENSE

DMA’s Unclaimed Property Audit Management & Defense service provides the support you need in defending your current or past compliance operations during single- and multi-state audits. Depending on your needs, our team can manage the whole audit process or provide ad-hoc support.

Our comprehensive audit management service includes:

  • Pre-audit planning
  • Initial audit meeting assistance
  • Document retrieval and review
  • Audit work paper review for accuracy and compliance
  • Pursuit of unresolved issues
  • Process improvement for potential future audits
  • Devising equitable audit plans with each applicable jurisdiction

DMA effectively manages unclaimed property audits to reduce your exposure or liability.

INITIAL COMPLIANCE & VDA

Unclaimed Property Initial Compliance & VDA focuses on developing a compliance plan, processes, and negotiations for successful first reporting of properties.

Our Initial Compliance & VDA service includes:

  • Identifying sources of unclaimed property
  • Calculating past-due and penalty amounts on a per-state basis
  • Guiding the diagnostics for reserving for liability
  • Planning the phases of initial compliance
  • Preparing reporting methods
  • Negotiating look-back periods, including sampling methods for settlement in years where records may be difficult to obtain
  • Managing calculations and property particulars for initial reports
  • Responding to state inquiries, notices, and other matters
  • Pursuing unresolved issues

Our experienced professionals leverage their state-specific expertise to negotiate the parameters of the initial compliance process, all while minimizing audit expore and limiting liability, interest, and penalties.

YOUR ONE-STOP-SHOP FOR UNCLAIMED PROPERTY COMPLIANCE

Our unclaimed property compliance experts collaborate with you and your team to help guide you through the compliance management process, minimizing unclaimed property audit exposure.