Entries by Danielle Herring

The 8 Biggest Unclaimed Property Mistakes Companies Make (and How to Avoid Them)

The following are commonly made mistakes by companies of all sizes, both public and private, across all industries in the handling of unclaimed property. With the frequency and broad scope of unclaimed property audits at an all-time high, it's more important than ever for companies to ensure that they are avoiding these common pitfalls. Unclaimed […]

Danielle Herring

Product Manager, UPExchange

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Texas Requires Online Filing

Texas recently announced that they will no longer accept your unclaimed property reports on CD or diskette. Click here to see the full announcement on the state’s website. This goes into effect with the report due July 1, 2014. Any reports that are not submitted online will be subject to rejection. Indiana has had this requirement […]

Danielle Herring

Product Manager, UPExchange

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California and Illinois Change Aggregate Limits

California and Illinois have both made changes to their aggregate dollar limits. Before I provide the details, I’d like to explain what the aggregate limit is for those who are unaware of this concept. A state’s aggregate limit is expressed as a dollar amount. If a state’s aggregate limit is $50, this means you can […]

Danielle Herring

Product Manager, UPExchange

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5 Best Practices for Unclaimed Property Reporting

Finding the best way to manage unclaimed property risk is very challenging, especially if you are filing for the first time and not under state audit. If you find your company is in an initial compliance situation you need to immediately initiate an outreach program and make every effort to contact the owners of the […]

Danielle Herring

Product Manager, UPExchange

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How to Handle Follow-up and Corrections for State Reports

It's late November. Your unclaimed property filings are complete. You're working on your ‘normal' duties, maybe daydreaming a little about the time you'll have off for Thanksgiving, when someone drops off a letter with a state seal on the envelope. You can feel your blood pressure rise. Why is the state contacting you now? What […]

Danielle Herring

Product Manager, UPExchange

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