In this episode of Up to Speed, Baker Tilly’s Mike Mader, principal with the dealership team, and Jim Weigand, director with the unclaimed property team, provide guidance on unclaimed property and discuss why dealerships should take notice. They discuss:
- Definition of unclaimed property
- How unclaimed property is applicable to dealerships
- Types of transactions in dealerships that that may generate unclaimed property
- How to navigate and report unclaimed property
- Higher areas of exposure during an audit
- What to do if your dealership has not reported unclaimed property