Best practice for abandoned property?

October 11, 2019

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Q. What is the best practice for abandoned property? Where in the business does the abandoned property process typically sit? Finance? Accounts payable? Why? A. (Answered by True Partners Consulting LLC, a 3rd party, independent advisory services firm offering experienced and practical help for unclaimed property and sales and use tax compliance. You can learn more about them at TPCtax.com.) Unfortunately, the responsibility for the administration of Abandoned Property (“UP”) within an…

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