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RESPONDING TO FEDERAL REPORTING REQUIREMENTS FOR PAYMENTS Linda Keeney & Kim Salisbury University of Idaho July 30, 2015 Business & Finance Coeur d’Alene,

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Presentation on theme: "RESPONDING TO FEDERAL REPORTING REQUIREMENTS FOR PAYMENTS Linda Keeney & Kim Salisbury University of Idaho July 30, 2015 Business & Finance Coeur d’Alene,"— Presentation transcript:

1 RESPONDING TO FEDERAL REPORTING REQUIREMENTS FOR PAYMENTS Linda Keeney & Kim Salisbury University of Idaho July 30, 2015 Business & Finance Coeur d’Alene, Idaho

2 SESSION RULES OF ETIQUETTE  Please turn off you cell phone/pager  If you must leave the session early, please do so as discreetly as possible  Please avoid side conversation during the session Thank you for your cooperation! Coeur d’Alene, Idaho

3 INTRODUCTION Based on IRS Guidelines, we have improved payment process procedures  Independent Contractors (1099Misc)  Employment (W2/1042S)  Student Payments (1098T/1042S) Coeur d’Alene, Idaho

4 SESSION AGENDA 1. “How To Pay” Team 2. Payment Workflow 3. Independent Contractors 4. Employment 5. Student Payments Coeur d’Alene, Idaho

5 “HOW TO PAY” TEAM Monthly Meetings Representation from A/P, H/R, Payroll, Student Accounts, Financial Aid, Purchasing, Business Process Process Flow Diagrams Informational Website Coeur d’Alene, Idaho

6 SESSION AGENDA 1. “How To Pay” Team 2. Payment Workflow 3. Independent Contractors 4. Employment 5. Student Payments Coeur d’Alene, Idaho

7 PAYMENT WORKFLOW  http://www.uidaho.edu/human-resources/compensation/How-to-Pay http://www.uidaho.edu/human-resources/compensation/How-to-Pay Coeur d’Alene, Idaho

8 PAYMENT WORKFLOW Coeur d’Alene, Idaho

9 PAYMENT WORKFLOW Coeur d’Alene, Idaho

10 SESSION AGENDA 1. “How To Pay” Team 2. Payment Workflow 3. Independent Contractors 4. Employment 5. Student Payments Coeur d’Alene, Idaho

11 INDEPENDENT CONTRACTORS Online Service Contract Approvals  IRS Common Law Rules  Behavioral  Financial  Type of Relationship Coeur d’Alene, Idaho

12 SESSION AGENDA 1. “How To Pay” Team 2. Payment Workflow 3. Independent Contractors 4. Employment 5. Student Payments Coeur d’Alene, Idaho

13 EMPLOYMENT Review by Employment Services  Job Duties  FLSA Coeur d’Alene, Idaho

14 SESSION AGENDA 1. “How To Pay” Team 2. Payment Workflow 3. Independent Contractors 4. Employment 5. Student Payments Coeur d’Alene, Idaho

15 STUDENT PAYMENTS Student Fee Payments  Student Accounts Student Resource Payments  Financial Aid SSN Collection through Self-Service Intercept Coeur d’Alene, Idaho

16 QUESTIONS & ANSWERS Coeur d’Alene, Idaho

17 THANK YOU! Linda Keeney: lkeeney@uidaho.edulkeeney@uidaho.edu Kim Salisbury: kims@uidaho.edukims@uidaho.edu Coeur d’Alene, Idaho


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