Financial Administrator Series Applications Open
Financial Services and Research, Discovery & Innovation are now accepting applications for the twelfth cohort of the Financial Administrator Series (FAS) to be held in calendar year 2020.
Tax Services
USB 402, 502 Remodel Update
As previously announced in late September, Financial Services is remodeling our space in the University Services Building (USB) rooms 402 and 502.
USB 402, 502 Remodel Begins October 1
Financial Services is remodeling our space in the University Service Building (USB) rooms 402 and 502 starting October 1 through early December.
Effect of the Increase to the City of Tucson Sales Tax Rate
In November 2017, Tucson resident voters approved a tenth of a percent increase to the City of Tucson sales tax rate.
Changes to Taxability of Employee Relocation Expenses
The Tax Cuts and Jobs Act (PL 115-97) eliminated the prior exclusion that let employers cover employee relocation costs tax-free. Going forward, relocation payments are taxable income subject to withholding, and the Financial Policies Manual will be updated to reflect this. Questions go to Accounts Payable or Tax Services at the numbers listed.
City of Tucson Sales Tax Rate Increase Effective July 1, 2017
On May 16, 2017, Tucson resident voters approved a 5-year half-cent increase to the City of Tucson sales tax rate. Effective July 1, 2017, the rate will rise from 2.0% to 2.5%, increasing the total retail sales tax rate in Tucson, AZ from 8.1% to 8.6%. This change has no impact on Arizona use tax assessment, which remains at 5.6%. FSO has evaluated UAccess Financials and current tax calculations within requisitions will accommodate this change so there is limited impact on users.