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Unclaimed Property Insights

Jim Sadik Speaks at the 2018 New York Cash Exchange Treasury & Risk Conference

Join Jim Sadik on June 1, 2018 as he educates treasury professionals on Unclaimed Property – The Top Ten Things Financial Professionals Should Know. New York Cash Exchange 2018 – The Treasury & Risk Conference May 30 – June 1, 2018 Hilton New York Learn more and Register  

March 26, 2018

Proposed Unclaimed Property Voluntary Disclosure Program in California (AB 2773)

It’s been over fifteen years since California had a program that allowed holders to report and remit past due unclaimed property to the state without being assessed interest at 12 percent per year.  California Assembly Bill 2773 (AB 2773) to create a voluntary disclosure agreement (VDA) program may change that. Background One of the reasons that the California State Controller’s Office (Controller) can’t develop an unclaimed property voluntary disclosure agreement […]

March 20, 2018

New rules accelerate recognition of unredeemed gift cards

Matthew Chenowth, Senior Manager in the Unclaimed Property Solutions group, is quoted in this Compliance Week article. New rules on revenue recognition taking effect for public companies in the first quarter of 2018 have changed the way companies must recognize revenue associated with gift cards and other prepaid cards, especially for amounts that are never redeemed. The recognition of the sale of a gift card is straightforward. When a company sells […]

February 27, 2018