Unclaimed Property

Unclaimed Property

At SALT Solutions, we understand the importance of effectively reclaiming and managing unclaimed property. We’ve designed our unclaimed property services to help businesses identify, recover and maintain compliance with state regulations surrounding abandoned or forgotten assets.

What is Unclaimed Property?

Unclaimed property can result from many reasons and typically refers to an account with no recent activity. It can be caused by lost checks, payments, refunds, credits and possible clerical errors. State laws require businesses to report and remit unclaimed property to the appropriate state authority, which then seeks to reunite it with its rightful owners.

Why Choose SALT Solutions for Unclaimed Property Services?

  • Comprehensive Review: SALT Solutions understands the process necessary to identify and resolve unclaimed property and can be an important asset to your company. Our team will thoroughly review your financial records to identify the unnoticed unclaimed property, then claim all potential assets to maximize your financial recovery opportunity.
  • Risk Mitigation: Every jurisdiction nationwide has unclaimed property programs, but navigating them efficiently and accurately can be challenging. However, failure to comply with state unclaimed property laws can result in significant penalties and liabilities for businesses. Our services help mitigate these risks by ensuring compliance with regulations and proactively addressing any issues or discrepancies that may arise.
  • Maximized Recovery: Our ultimate goal is to maximize your financial recovery by reclaiming all eligible unclaimed property on your behalf. Whether it’s uncashed checks, dormant accounts, or other forgotten assets, we work tirelessly to reunite them with their rightful owners and return money where it belongs.

Every jurisdiction nationwide has unclaimed property programs, but navigating them efficiently and accurately can be challenging.

Tailored Services for Your Business

Every business is unique, so we tailor our services to suit your needs and circumstances. Whether you’re a small business or a large corporation, we provide customized solutions designed to help you effectively manage and reclaim unclaimed property.

Don’t let unclaimed property go unnoticed. Contact SALT Solutions for further information on how we can assist with a comprehensive review of your sales and use tax and unclaimed property opportunities.

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