Tax Services
Unrelated Business Income Tax (UBIT) Reminder
New Tax Guidance for Software Used in Research and Development
Updated Independent Contractor Form (ICON)
USB 402, 502 Remodel Update
As previously announced in late September, Financial Services is remodeling our space in the University Services Building (USB) rooms 402 and 502.
We are pleased to inform Campus that Phase 1 of the remodel (room 402) is complete. Teams and services have returned to normal for units previously located in this office. Many of our employees are in a new location in the room, so if you are visiting be sure to stop at the front desk for directions.
USB 402, 502 Remodel Begins October 1
Financial Services is remodeling our space in the University Service Building (USB) rooms 402 and 502 starting October 1 through early December. In order to maintain continued service to our customers, we have identified temporary work locations for our employees and customer service teams.
Effect of the Increase to the City of Tucson Sales Tax Rate
Changes to Taxability of Employee Relocation Expenses
Changes included in the “Tax Cuts and Jobs Act” (Public Law PL 115-97), require employee relocation expenses to be taxable to recipients.
City of Tucson Sales Tax Rate Increase Effective July 1, 2017
On May 16, 2017, Tucson resident voters approved a 5-year half-cent increase to the City of Tucson sales tax rate. Effective July 1, 2017, the rate will rise from 2.0% to 2.5%, increasing the total retail sales tax rate in Tucson, AZ from 8.1% to 8.6%. This change has no impact on Arizona use tax assessment, which remains at 5.6%. FSO has evaluated UAccess Financials and current tax calculations within requisitions will accommodate this change so there is limited impact on users.