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FLSA Update

Published: Dec 15th, 2016

A federal court issued a nationwide injunction blocking the enforcement of the new Department of Labor overtime rule that increased the minimum salary threshold for exempt status to $47,476. Prior to the injunction, this rule was set to be effective December 1

W-2 Reminders

Published: Nov 8th, 2016

You can consent now to retrieve your W-2 for 2016 electronically in myUFL when it becomes available in January, 2017. Active Employees If you have not already consented, sign up […]

Social Security taxable wage base announced for 2017

Published: Nov 3rd, 2016

In 2017, the Social Security wage base will increase to $127,200, up $8,700 from the 2016 wage base. The maximum Social Security tax employees and employers will each pay in 2017 is $7,886.40 ($127,200 x 6.2%).

Material & Supply Fees/Equipment Use Fees

Published: Oct 31st, 2016

Applications to establish or adjust Material & Supply Fees and Equipment Use Fees for the Summer 2017 and Fall 2017 Terms are now being accepted. All departmental requests should be submitted no later than Wednesday, February 1, 2017 and Dean’s approvals by Wednesday, February 8, 2017.

2016 Florida Legislature House Bill 5003

Published: Aug 23rd, 2016

The 2016 Florida Legislature enacted House Bill 5003 containing the following language: “…costs for lodging associated with a meeting, conference, or convention organized or sponsored in whole or in part by a state agency or the judicial branch may not exceed $150 per day.”

University Preparedness and Guidelines on Zika

Published: Aug 8th, 2016

The University of Florida continues to monitor the spread of the Zika virus, working closely with local and state Department of Health officials.

New Facilities & Administrative (Indirect Cost) Rates

Published: Jul 7th, 2016

We have received final approval from the federal Department of Health and Human Services (DHHS) for our new Indirect Cost rates. These new rates have been negotiated with the DHHS to apply to our sponsored programs. The rates have been negotiated through fiscal year ending June 30, 2019. All projects with beginning dates on or after July 1, 2015 will be subject to the new rates.

Proposed 2016-2017 Fringe Benefit Pool Rates

Published: May 11th, 2016

The University has calculated the new proposed pooled fringe rates for fiscal year 2016-17 and has submitted them to the U.S. Department of Health and Human Services.

2015-2016 Fiscal Year End Closing

Published: Apr 26th, 2016

It is that time of year again to prepare for the annual closing of the fiscal year. The
2015-2016 fiscal year ends on June 30, 2016. The scheduled date for closing the
General Ledger for the 2016 fiscal year is Wednesday, July 13, 2016.

IRS IP PIN Program Continues in Florida, Georgia, and the District of Columbia

Published: Jan 28th, 2016

An IP PIN is a six-digit number assigned by the IRS to eligible taxpayers to help prevent the misuse of their Social Security numbers on fraudulent federal income tax returns. […]