Follow these payroll funding “best practices” to avoid payroll funding headaches.
Beginning in January 2024, ES will begin sending notices to employees who experience a complete separation from the university and are not working in Colorado at the time of separation.
Phase One of the Time & Labor project, the Current State Analysis, was completed on time and on budget. Learn more about the completed work and what to expect in Phase Two.
Avoid surprises by understanding how payroll funding may be affected when cross campus collaboration includes cross campus payroll funding.
As a university with many international ties, CU is responsible for complex payroll and tax withholding rules. Be sure to use the proper hiring process for non-resident employees to avoid adverse tax implications, including new rules for international employees effective in 2024.
Employee W-2s will be mailed by Jan. 31, Form 1095-C will be released by March 2, and Form 1042-S will be sent by in early February.
To maintain an exempt status, the W-4 must be updated by Feb. 15.
There’s more to taxable income than regular salary — awards, tuition assistance, gift cards and even some family benefit costs can be subject to tax. Remember: Any unpaid employee taxes are redirected to the unit — see how to query for these charges.
The university’s private FAMLI coverage will debut on Jan. 1, 2024. Employees can now apply for eligible paid leave for a medical or family care absence.
In addition to the usual year-end tasks, specific situations can arise with grant-funded positions and the electronic Personnel Effort Reporting System (ePERS).

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