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Finance News

  • Changes to Payslip Earning Details for Exempt Employees

    Effective Jan. 1, 2025, benefits-eligible exempt employees will see a minor change in the formatting and recording of time-off/absence hours that are displayed on their pay statements. Previously, all time-off/absence hours were listed on payslips; going forward, these hours will continue to be paid but […]

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  • New IRS Mileage Rates and Google Maps in Workday

    Beginning January 1, 2025, the Internal Revenue Service (IRS) has increased the standard mileage rate from 67 cents per mile to 70 cents per mile for business-related travel. For mileage driven since January 1, 2025, the new Google Maps feature in Workday should be used. […]

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  • New Expense-Related Policies

    Payment Services is excited to announce important changes to the following policies and procedures effective Jan. 1, 2025: We encourage all faculty, staff, and students who expend University funds to review these updated policies, procedures, and manuals. Key changes include shorter documentation deadlines for expense […]

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