Classification and Compensation 
Are you maximizing your tax-deferring opportunities?
As the new year and tax season are upon us, now is a great time to do a financial check-up to ensure you are taking advantage of the tax-deferring opportunities available to you. “Anything you can do to tax-defer helps stretch your dollar,” said Shannon Edwards, UFHR Benefits director. “The first thing I tell people […]
Be on the lookout for W-4 form changes
The University of Florida expects to have the new 2020 W-4 form available in myUFL’s My Self Service module by mid-January of 2020. Due to federal tax law changes that took place in 2018, the 2020 Form W-4, Employee’s Withholding Certificate, is very different from previous versions. While the Internal Revenue Service (IRS) is not requiring […]
Proposed 2014-2015 Fringe Benefit Pool Rates
The University has calculated new proposed pooled fringe rates and has submitted them to the U.S. Department of Health and Human Services. Although we do not expect any objection, these proposed rates are subject to their approval and as such should be used with that understanding in your planning for fiscal year 2014-15. The rates, […]