Voluntary Disclosure Services
A first-time filing exercise involves a comprehensive review of your company's financial information, purposed to assist in determining the types of property and extent of unclaimed property exposure in all states. We can lend staff (where needed) and expertise to this effort, ensuring you realize maximum value from our guidance during this process.
Our approach is formulated from these core principles:
• Cost-effective assistance for the client with its unclaimed property compliance processes; with the objective to be as thorough as possible by leveraging our experience and technological resources; and
• Proactive minimization of the client's unclaimed property reporting obligations through an aggressive, yet legal, application of statutory exemptions and generally accepted accounting principles.
Our professionals also remain cognizant of our clients' daily business activities, and our work is carried out so as to minimize disruption.
Once exposure is identified and accurately quantified, we will assist with negotiating with the states to voluntarily report and remit past due amounts - under the most favorable of terms. This may include - complete or partial waiver of interest and penalties, limitation of lookback periods, limitation of reported property types, and, limiting a state's right to audit your company or organization in the future for the same periods.
• Our professionals have experience negotiating and completing voluntary disclosures in every jurisdiction
• Our success rate for interest and penalty waivers is over 96%