VEChannel Event Profile

Handling Unclaimed Wages

It is estimated that less than 20% of all businesses comply with the laws for unclaimed payroll checks and other property. Many times noncompliance is simply a matter of the company not being aware of their reporting responsibilities. However, many states, given the current economic environment, are turning an ever vigilant eye towards unclaimed wages as a ready source of revenue that can be easily tapped with existing laws. All they have to do is to crackdown on enforcement. And they are beginning to do just that. Failure to comply with state regulations could now result in major audit assessments, significant interest accumulations, and civil or criminal penalties. The ramifications may not even be limited to one state. For instance, organizations with the corporate headquarters in one state and employees in other states could be liable for violations in multiple states. Join payroll expert Vicki M. Lambert, CPP in this information packed webcast and discover information that will help you develop and implement procedures that will accurately track and resolve unclaimed payroll checks. Attend this webcast to learn: When are wages considered abandoned What laws or regulations cover unclaimed wages What is payrolls responsibility relating to abandoned wages What processes to take to correctly report and remit unclaimed wages Liability issueswhat do you do if you have an outside vendor How to establish proper procedures for tracking unclaimed wages correspondence How to safeguard unclaimed wages from unauthorized access and improper release The importance of written procedures Steps to surviving an audit About Your Speaker Vicki M. Lambert is a Certified Payroll Professional (CPP) with over 28 years of multistate payroll experience. Ms. Lambert has lectured extensively throughout the United States on payroll administration and compliance issues for clients that have included ADP, CCH Incorporated, Ceridian Employer Services, and others. She is a former board of advisor member for the CCH, Incorporated "Payroll Management Guide", and has authored, coauthored, or edited numerous payroll publications, and newsletters. Ms. Lambert also conducts inhouse training programs for such clients as Fox Studios, County of Riverside, Sun Microsystems, and others.

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