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).
With the 2023 tax year ending and the spring semester about to begin, it’s important to remind international employees and students who receive compensation and/or stipend payments through HCM to schedule an appointment with the International Tax Office as soon as possible.
Set your working retirees up for success — not following university guidelines can have serious consequences for retiree benefits.
The university’s private FAMLI coverage will offer paid leave that, in combination with other leave types, can ensure more paid leave for employees facing a medical or family challenge. Learn more at upcoming Q&A sessions.
Explore the 2023 HCM PeopleTools updates, including changes to some menu names and user interface updates designed to improve searches.

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