Business Offices News
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Per Uniform Guidance, purchases of $10,000 or more that use federal funds require certain federal compliance checks at the time of purchase. University of Arizona Purchasing Policy 7.1 documents these requirements.
Posted under Purchasing
We are excited to announce that we have finished an in-depth review and update of our Purchasing Policies Manual as part of our commitment to Pillar 5: Institutional Excellence.
Posted under Purchasing
On July 31, 2019, the IRS issued its final rule allowing employers to voluntarily truncate Social Security numbers on copies of Form W-2 issued after December 31, 2020.
Posted under Payroll
The University of Arizona is committed to providing employees with important benefits such as health insurance, retirement plans, worker’s compensation, liability insurance, and more. These benefits enable us to maintain a competitive position in the workforce and among higher education institutions. Maintaining stable rates for these expenses is challenging, given increasing costs and employment changes.
Posted under Accounting Services
Purchasing Card Transactions (PCDOs) auto-approval dates will be covered during the University Closure (December 24, 2020 through January 3, 2021). Please disperse this message to your respective Purchasing Card reconcilers and PCard cardholders.
Posted under PCard
In response to the continuation of remote work, Financial Services has created Best Practices for Remote Work Expenses. These guidelines are designed to assist with unique circumstances while employees temporarily work remotely. University policy ensures expenses are reasonable, business-related, prudent, and serve a public purpose.
Posted under Payment Services
With the 2020 calendar year-end fast approaching, Accounts Payable would like to remind business units of important deadlines to ensure a successful University Closure.
Posted under Payment Services
Financial Services would like to share tax savings news for University departments that qualify to make tax exempt purchases of machinery or equipment used in research and development (R&D) as that term is defined by the State. The statutes (A.R.S. § 42-5061(B)(14) and A.R.S. § 42-5159(B)(14)) read as follows:
Posted under Tax Services