Handling Unclaimed (Abandoned) Wages: Prepare Now for Compliance Crackdown 

Tuesday, March 29, 2011

Time: 1:00 pm ET (12 noon CT, 11:00 am MT, 10:00 am PT)

Length: 60 minutes

Registration: $219.00

Registration - Teleconference plus CD: $308.00

Sponsored by B21 Publishing

COURSE DESCRIPTION: More and more organizations are getting hit with huge fines and penalties for failing to accurately report unclaimed wages. And more often than not, their non-compliance was the result of just not knowing their reporting responsibilities. Unfortunately, not know isn’t an excuse.

Given the current economy, many states are looking toward unclaimed wages as a source of revenue that can be easily tapped by simply increasing their enforcement of existing laws. The bottom line: States are counting on unwary companies to help them balance their budgets.

To make matters worse, failure to comply with state regulations could now result in audit assessments, significant interest accumulations, and criminal penalties – and the ramifications may not even be limited to one state.  Organizations with the corporate headquarters in one state and employees in other states could be liable for penalties in all states that they have employees.

Get the facts you need to be sure your organization is in full compliance. Join us for this 60-minute webinar presentation by payroll expert Vicki Lambert, CPP.

The program covers:
  • When are wages considered abandoned
  • What laws or regulations cover unclaimed wages
  • What is payroll’s responsibility relating to abandoned wages
  • What processes to take to correctly report and remit unclaimed wages
  • Liability issues—what do you do if you have an outside payroll service
  • How to establish proper procedures for tracking unclaimed wages correspondence to comply with due diligence requirements
  • How to safeguard unclaimed wages from unauthorized and improper release
  • The importance of written procedures
  • Steps to surviving an audit
ABOUT THE SPEAKER
Vicki M. Lambert, CPP “The Payroll Advisor” is Founder and Director of www.thepayrolladvisor.com  a website that provides unique and expert services for lawmakers, attorneys, media organizations, businesses, individuals or any entity that must deal with the complexities and technicalities of the payroll process. 

Ms. Lambert has a Bachelor’s degree, Magna Cum Laude in Business Administration and is a Certified Payroll Professional with over 30 years of multi-state payroll experience.

Ms. Lambert has lectured extensively throughout the United States on payroll administration and compliance issues for clients that include ADP, CCH Incorporated, Ceridian Employer Services, Fox Studios, County of Riverside, Sun Microsystems and others.  She has authored, co-authored or edited numerous payroll publications and newsletters.
REGISTER
Registration: $219.00

Registration - Teleconference plus CD: $308.00

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