To:     University Business Managers From: David Blakemore, Director of Financial Reporting & Management Services Date: October 20, 2014 The Financial Reporting department of the University Controller’s Office is responsible for compiling unrelated business income (UBI) revenue and expenses each fiscal … Read more

To:     University Business Managers From: Dennis Press, University Controller Date:  September 15, 2014 The University’s Policy 721, NC Sales Tax on Admission Charges, has been updated as a result of recent tax legislation.  The revised policy may be reviewed at: … Read more

To: University Business Managers From: Elizabeth C. (Betsi) Snipes, Director, Payroll Services Date: February 18, 2014 The Payroll Services department previously provided information regarding the new NC-4 form, “Employee’s Withholding Allowance Certificate,” and indicated that all employees must provide either … Read more

To:     Campus Business Managers From: Dennis Press, University Controller Date:  December 11, 2013 The 2013 Session of the General Assembly enacted changes to the taxes administered by the Sales and Use Tax Division of the Department of Revenue.  Several campus … Read more

To: School/Division HR Officers Business Managers From: Elizabeth C. (Betsi) Snipes, Director of Payroll Services Dennis Press, University Controller Date: Nov. 25, 2013 The NC Department of Revenue (NCDOR) has provided important information about state income tax withholding for 2014: … Read more

To:     University Business Managers From: Dennis Press, Assistant Vice Chancellor and University Controller Date: July 2, 2013 The Financial Reporting Department of the University Controller’s Office is responsible for compiling unrelated business income (UBI) revenue and expenses each fiscal year … Read more

To: University Business Managers From: Elizabeth C. (Betsi) Snipes, Director, Payroll Services Date: January 8, 2013 Please see the linked notice concerning the new tax rules for 2013 that have been implemented beginning with Biweekly Payroll 14 (BW14) checks to … Read more

To:     University Business Managers From: David Blakemore, Director of Financial Reporting and Management Services Date: July 2, 2012 The University, through the Financial Reporting Department of the Controller’s Office, reports taxable Unrelated Business Income (UBI) as required by the Internal … Read more

To: University Business Managers From: David Blakemore, Director of Financial Reporting and Management Services The University, through the Financial Reporting Department of the Controller’s Office, reports taxable Unrelated Business Income (UBI) as required by the Internal Revenue Service Code and … Read more

To: University Business Managers From: Dennis Press, University Controller Date: May 13, 2010 A recently enacted federal law provides a payroll tax incentive for employers. The University can save the employer portion of the 6.2% Social Security tax on qualified … Read more