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2014 News


eReq Self Approval on Orders over $2500

The following communication was sent to the eReq system community on 12/12/14

In order to strengthen financial controls, and implement purchasing practices consistent with other large institutions of higher education similar to NYU, a revised policy and process regarding the self-approval of requisitions (e-Reqs) is being implemented.

Effective December 15, 2014 any e-Reqs over the threshold of $2,500 may no longer be self-approved.

Self-approvals are defined as those e-Reqs where the individual entering the requisition and the final approver are the same person. Changes have been made within the e-Req system that will stop the approval from occurring if an e-Req that is greater than $2500 is being both entered and approved by the same individual.

E Reqs that are $2500 or less will not be subject to this new process.

For those departments that have a current approval hierarchy in place that requires those e-Reqs less than $2,500 to be approved by more than one approver this process will remain in place.

Splitting one requisition to a supplier that is over the $2500 threshold into several requisitions to enable self-approval is not permitted.

For any questions regarding this new process please feel free to contact Bob Dayre, Associate Director Procurement Operations at x 81031 or at bob.dayre@nyu.edu.

Purchasing Policies and Procedures Manual

How to Reassign a Purchase Requisition

December 12, 2014
 


Access to AP Workflow and Tuition Remission via the Administrative Systems Portal  

ITS has resolved the issue that affected access to AP Workflow and Tuition Remission via the Administrative Systems Portal on the NYUHome Work tab. The applications are now accessible using all four browsers (Chrome, Firefox, Internet Explorer & Safari).

View the ITS Service Status for more information. Should you have any questions or concerns, please contact the IT Service Desk (www.nyu.edu/its/askits/helpdesk).

December 5, 2014 (Updated December 15, 2014)


How to Receive Your 2014 IRS Form W-2 Electronically

This year, NYU employees will have access to their 2014 IRS Form W-2 in PeopleSync, NYU’s HR and Payroll system. In accordance with IRS regulations, your consent is required in order to receive your W-2 electronically rather than having a paper form mailed to your address in PeopleSync.

If you would like to receive an electronic 2014 W-2 ONLY, please complete the following steps by January 15, 2015 at 11:59 pm (ET):

  1. Log in to NYU Home
  2. Access PeopleSync via the Work Tab
  3. Select the "Pay" icon
  4. Select “My Tax Documents”
  5. Edit your selection to “Receive electronic copy of my W-2/W-2C”

Electronic Form W-2 Consent Quick Step Guide


PeopleSync Update: Student Payment Issues

The following communication was sent to Fiscal Officers on 11/24/14

Hello Colleagues,

It has come to our attention that, due to system errors, the following issues regarding student payments have occurred:

Issue:  FICA (OASDI and Medicare) taxes have been incorrectly withheld from some students’ recent paycheck(s).

Corrective Actions:

COMPLETE: The system error was corrected so that FICA taxes will not be incorrectly withheld from the impacted students’ paychecks going forward.

IN PROGRESS: Impacted students will be refunded for the FICA taxes withheld incorrectly.
Issue: 100% of some students' pay was incorrectly charged to 51118 (Federal Work Study), when the pay should have been split between 51118 (25%) and the project (75%).

We apologize for any inconvenience. We will be reaching out to you and impacted students in the coming days with more information, including dates when the corrective actions listed above will be complete.

If you have any questions about these issues, please contact PeopleLink at AskPeopleLink@nyu.edu or call 212-992-LINK (5465) and enter 289327.

Thank you,
NYU Payroll Department

November 24, 2014


Gifts to Employees

Per IRS Regulations, Cash gifts (including gift cards, gift certificates charge card, credit card, etc.), no matter how little, are considered taxable income and are subject to withholding tax.

IRS Publication 15-B - Cash and cash equivalent fringe benefits (for example, use of gift card, charge card, or credit card), no matter how little, are never excludable as a de minimis benefit, except for occasional meal money or transportation fare.

November 18, 2014


Departmental Purchases at the NYU Bookstore and Computer Store 

In an effort to secure and streamline departmental purchases made at the NYU Book and Computer Stores, the paper, approved purchaser “lists” maintained by the Stores will be retired immediately.

Going forward departmental purchases made at the NYU Book and Computer Stores can be made using the following widely utilized and easy to use methods:

Option 1: iBuy Marketplace

- Registered users of the iBuy Marketplace can place their orders with the NYU Computer and Book Stores from their offices, or from the kiosk at the stores and have the items delivered, or held for pick up. This method utilizes the workflow built in to the eReq system to ensure that proper budgetary approval is received for the purchase.

- Non-registered users can utilize the iBuy Shopper feature. iBuy Shopper is a feature that allows non-registered users to browse/shop in the iBuy Marketplace using their NYU Home net id and password (eReq profile is not required). Once a shopping cart is created in iBuy, it can be emailed to your department approver for ordering.

For any questions regarding the iBuy Marketplace please contact purchasing.info@nyu.edu.

Option 2: Purchasing Card (P-Card)

- The NYU Purchasing Card is utilized for low dollar purchases, and is accepted as a payment mechanism at the NYU Book and Computer Stores for purchases under $2,500.

- Please check with your department administrator to ascertain if your department currently has a P-Card.

For any questions regarding the P-Card please contact purchasing.card@nyu.edu.

Option 3: Pre-Paid Cards

- Pre-paid cards (up to a value of $250) may also be used for purchases at the NYU Book and Computer Stores.

For any questions regarding Pre-paid cards please contact Mike Wallace at: michael.wallace@nyu.edu.

October 6, 2014


Business Expense and Expense Reimbursement Policies Update

The University Business Expense Policy and Expense Reimbursement Policy have each been newly updated. Some of the revisions include:

- Replacing all definitions and policy statements regarding sponsored programs with links to the SPA Handbook;

- Expansion of the guidelines for Business Travel, including global travel and preferred vendors;

- Replacing insurance-related sections with links to relevant information on the Insurance & Enterprise Risk Management website;

-  Updates to the guidelines for purchasing goods and services, including links to the relevant sections of Procurement web pages;

- Update to the policy with respect to use of external legal counsel and the payment of related invoices.

- If you have any questions about this policy, please e-mail finpolicyreview@nyu.edu.

September 15, 2014


Accessing & Managing Payroll and Stipend Information in PeopleSync

With the recent launch of PeopleSync, you will notice the following changes to how you access and manage your Payroll information:

Direct Deposit
You can now:
- Manage your direct deposit in PeopleSync.
- Select up to five direct deposit accounts for your pay.

Pay Advice
- With your first pay date in April and going forward, you will be able to view your payslips in PeopleSync - additional passwords are no longer required.
- Payslips issued prior to April 2014, will still be accessible via the Payment Image Viewing Tool in NYUHome.
- You will no longer receive an email notification alerting you when your pay advice is available. You can log in to PeopleSync on your pay date to view your latest payslip.
To access PeopleSync, log in to NYUHome and click PeopleSync under the Work tab.

For more information about PeopleSync, including videos and tip sheets, please visit www.nyu.edu/peoplesync.

For questions regarding PeopleSync or your pay, please contact PeopleLink, NYU's integrated HR and Payroll service center.

Email: AskPeopleLink@nyu.edu
Phone: 212-992-LINK (5465)
Hours: Monday - Friday 8am - 6pm

April 1, 2014


ePRINTVIEW electronic 2013 Form W-2’s now available

ePRINTVIEW electronic 2013 Form W-2’s are now available for those who opted into the service by the January 15, 2014 deadline.

Employees who did not consent to the service by the deadline will receive a paper Form W-2 via the US Postal Service which is mailed on January 31, 2014 per IRS regulations.

To access an original 2013 Form W-2 online:

Login to the Work tab on NYUHome
Locate the NYU Online W-2 Channel
Click the Online W-2 button
Click on the 2013 W-2 Form link
Follow the ePRINTVIEW prompts to print your Form W-2

  Feb 14, 2014


Important Tax Updates Effective January 1, 2014

The following Tax Updates take effect January 1, 2014:

Social Security and Medicare Rates and Wage Base:
For 2014, the Social Security tax rate is 6.2% unchanged from 2013 with a wage base limit of $117,000, the maximum employee contribution is $7,254.00. The Medicare tax rate is 1.45% also unchanged from 2013. There is no wage base limit for Medicare tax.

Additional Medicare Tax:
In addition to withholding Medicare tax at 1.45%, as of 2013 there is 0.9% withholding on wages in excess of $200,000 in a calendar year.

Supplemental Wage Payment - Flat Withholding Rates:
Supplemental wages are wage payments to an employee that are not regular wages. They include, but are not limited to, bonuses, commissions, premium pay, vacation payout, sick payout, severance pay, awards, prizes, back pay, retroactive increases, non-deductible moving expenses, taxable fringe benefits, etc. The 2014 flat tax rates are as follows:

Federal = 25%

Federal = 39.6% (supplemental wages exceeding $1 million in a calendar year)

State (NY) = 9.62%

Local (NYC) = 4.25%

Same-sex Marriage:
For Federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage.

Jan 1, 2014


Standard Mileage Rate

Mileage Rate 2014
The standard mileage rate for the cost of operating your car, van, pickup or panel truck in 2014 is 56 cents a mile or $ .56 for all business miles.

Jan 1, 2014


ePRINTVIEW: 2013 Electronic Form W-2 Consent Period Now Open

Once again, employees will have the option to consent for online retrieval of their year-end Form W-2, rather than having a paper copy mailed to their address on file. Some conveniences experienced by consenting employees are:

Email notification when Form W-2 is available to retrieve
Ability to import Form W-2 tax information into 3rd Party Tax Preparation Software
Secure access 24/7/365 globally via an internet connection
Option to print forms or save to a personal computer
Access to prior year tax forms, 2008 – present

The deadline for employees to provide consent for their 2012 Form W-2 is January 16th, at 11:59pm.

If you have previously consented and remained an active employee with NYU, you do not need to consent again.

To Consent, follow these steps:

Login to the Work tab on NYUHome
Locate the NYU Online W-2 Channel
Click on the Online W-2 button
Click on the Consent / Withdraw Consent link
Read the Recipient Consent statement
Check the W-2 box located under the Recipient Consent statement
Retrieve your consent code by clicking “Click here for your consent code”
A window containing your consent code will open
Enter the consent code in the appropriate box
Click the Consent button (A confirmation email will be sent to your NYUHome account)

ePRINTVIEW QuickStep Guide [PDF 264 kB]

Jan 1, 2014

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