THE COMPLETE UNCLAIMED PROPERTY COMPLIANCE OUTSOURCING SOLUTION

Have you or your organization considered outsourcing this function to a capable, experienced professional service provider? It is a wise and cost-effective means of handling this annual compliance requirement.

Our experience with unclaimed property and state and local tax consulting started with the Multi-State Tax Commission, then Arthur Andersen and other "Big 4" accounting firms, and most recently, the largest independent state and local tax consulting firm in the U.S. Over the past several years, our professionals developed and managed the annual unclaimed property filing process on behalf of several companies – most in the Fortune 1000.

JMS proudly provides delivery of services through a channel of seasoned unclaimed property professionals, with diverse professional backgrounds.  We have attorneys, CPAs and statisticians with PhD's as part of our firm's professional network.  We specialize exclusively in the area of unclaimed property, with a combined 50+ years of experience to draw upon.  With this type of professional diversity, not only can we provide insight into the various unclaimed property compliance issues that could impact your organization, but also how those issues affect your other business processes and objectives.

The elements of the complete solution are as follows:

• Create and manage a comprehensive, year-round compliance calendar
• Create, modify, and mail reports for all states (in the correct paper and/or electronic format) where unclaimed property is due,
• for both spring & fall filings
• Completely manage the due diligence process – handling all mailings and responses (we can also cut replacement checks from
• escrowed funds)
• Escrow funds and process checks to the states accompanying the final reports
• Reconcile all data at the end of each season for general ledger matching/internal reporting
• Handle all post-filing questions from the states
• Maintain historical data files; provide electronic or paper copies of all reports for client records and internal audit
• Provide general consulting regarding filing positions, audit risk, and state agency nuances

If you are presently managing this process internally, there is a very real and positive effect of redirecting human resources away from this non-core function and toward greater value-add activities.

We maintain a low cost structure due to our high degree of specialization and built-in economies of scale. Comparably, most of our clients incur vastly higher research, software, development, and human resource deployment expenses trying to manage this process internally. We can defray costs across a wide spectrum of clients – saving each of them money, time, and other important resources.

PRICING:

We charge an annual fee, based upon the client’s size, industry, and number of legal entities on behalf of which we are filing.   In every instance, our fees have been cost-justified in comparison to a FTE managing the process internally.

Contact us to discuss your specialized needs and objectives.