Unclaimed Wages Compliance: Best Practices and Risk Mitigation!

Dayna J. Reum, CPP, FPC

Dayna J. Reum, CPP, FPC

Dayna is currently the Director of Payroll Operations at a major medical center in Chicago. Dayna has been heavily involved in the payroll field over 20 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...
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Pre-recorded
60 Mins
Dayna J. Reum, CPP, FPC

A Deep Dive into Best Practices, Audit Preparedness, and Avoiding Costly Consequences

Unclaimed wages, governed by state-specific Escheat laws, require employers to report and remit uncashed employee checks. Non-compliance can lead to significant issues for employers.

Join this information-packed session  by Payroll Expert Speaker, Dayna J. Reum, CPP, for a comprehensive review of unclaimed wage laws in all 50 states. Gain clarity on the distinctions between reporting and remitting, understand the criteria for unclaimed funds, and delve into the complexities and challenges of compliance in this critical area.

Webinar Agenda


  • What are Unclaimed Properties?
  • When is Property considered Abandoned?
  • Employer/Company Risk
  • How to Handle an Audit?
  • Unclaimed Properties Compliance
  • Special Payroll Concerns
  • Best Practices

Webinar Highlights


  • Unclaimed Property Demystified: Explore the concept of unclaimed properties and why they matter to your organization.
  • Tangible vs. Intangible Property: Understand the fundamental differences between tangible and intangible property and their impact on compliance.
  • Dormancy Periods Across States: Gain insights into state law dormancy periods, ensuring you stay within legal bounds.
  • Who Should Be Concerned: Discover who bears the responsibility of handling unclaimed property and why it's a critical concern.
  • High-Risk Companies: Identify which types of companies are at a higher risk of audit and how to safeguard your compliance.
  • Record Retention Guidelines: Learn about record retention requirements to maintain compliance effectively.
  • Due Diligence Defined: Explore the concept of due diligence and its significance in notifying employees about owed pay.

Who Should Attend


Payroll and Tax Professionals

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