The Staff Advisory Council is very excited to have Steve Reinemund, Dean of Business, speak to staff on “What’s New at the Schools of Business” (including the new Charlotte location, a Farrell Hall update and other news) at our meeting on Tuesday, March 27, from 9:30-11 a.m. in Benson 401 C/D.

Also, Gary Willis, director of Strategic Initiatives in Human Resources, and Cathy Dillingham, director of payroll, will be speaking about the new time and attendance system, Novatime, and the changes this will mean for staff, as well as electronic disbursements for reimbursements.

SAC meetings are always open to staff, and all staff is encouraged to come, learn and ask questions. It’s a great way to learn what’s going on and what’s new at WFU. We look forward to seeing you at our meeting.

Also: The Staff Advisory Council extended the deadline to nominate new members. Nominations are due by 5 p.m. on Tuesday, March 27. Read more about how to nominate yourself or someone else »

See a list of employment milestones reached by staff in March 2012: Continue reading »

See a list of employees joining and leaving the University in January 2012: Continue reading »

See a list of employees joining and leaving the University in January 2012: Continue reading »

See a list of employment milestones reached by staff in January 2012: Continue reading »

Finance and Accounting Services and Human Resources are providing this information to inform employees of 2011 payroll withholding changes and an increase in the mileage reimbursement rate.

Payroll Withholding Taxes

The Federal Withholding Tax tables substantially changed for 2011.  Included in the changes is a decrease in the Social Security withholding rate from 6.2% to 4.2%.  This decrease is a result of a federal tax bill that was passed in late December.  A few highlights of the 2011 tax changes and how they may impact the Wake Forest community are as follows:

• Faculty and staff may see an overall increase in their net pay check due to the 2% reduction in Social Security taxes.
• Employees earning less than $84,000 per year will likely have a small federal income tax withholding increase, due to expiration of the “Making Work Pay Credit.”  However, this increase may be offset due to the reduction in Social Security taxes.
• Advanced Earned Income Credit has also expired, increasing federal tax withholding for those people who used it. Again, this increase may be offset by the reduction in Social Security taxes.

Most students will probably see an increase in their tax withholdings due to the expiration of the “Making Work Pay Credit.” Generally,  students do not pay Social Security tax, so they will not benefit from the reduction in Social Security taxes.
Mileage Reimbursement Rate Increase

Effective January 1, 2011, the Internal Revenue Service increased the maximum tax free mileage reimbursement rate to 51 cents up from 50 cents per mile.  The University is adopting this new rate for all business travel that occurs on or after January 1, 2011. Please use the new reimbursement rate of 51 cents when preparing expense vouchers.

An updated travel form will be published on the Financial and Accounting Services website under “Travel and Entertainment Voucher.” Please use the voucher that corresponds with the appropriate travel dates.  If you have any questions, please contact an Accounts Payable Representative.

If you have questions, please contact Human Resources at 758-4700 or askhr@wfu.edu or Payroll at 758-4741 or payroll@wfu.edu.

More than 100 faculty and staff members and about 75 students have joined forces to help build a house for Habitat for Humanity this fall. Continue reading »

B. Hofler Milam has been named senior vice president for finance and administration and chief financial officer at Wake Forest. Milam is currently vice president for finance and treasurer at Duke University. He is expected to begin work at Wake Forest in December. Continue reading »

Bernice Cook was named the 2010 Employee of the Year for non-exempt staff. She has worked at Wake Forest for nearly 35 years and is an accounts receivable representative in the Financial and Accounting Services Office.

Nancy Suttenfield, senior vice president and chief financial officer, announced today she will step down from her position at Wake Forest University effective October 13, 2010. After guiding the University’s finances during the most challenging financial period of this generation, Suttenfield will serve as special advisor to President Nathan O. Hatch on financial matters for a transitional period. Efforts are underway to identify a successor as soon as possible. Continue reading »