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Vendor Payment Policy Revision #1 Purchase of Services Policy Business Expense Policy Withholding Taxes Sanctioned Countries Managing Payment Processing

Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment

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Page 1: Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment

Vendor Payment PolicyRevision #1

▸ Purchase of Services Policy▸ Business Expense Policy▸ Withholding Taxes▸ Sanctioned Countries▸ Managing Payment Processing

Page 2: Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment

Vendor Payment PolicyRevision #1

Purchase of Service Policy

NPONon-Employee Compensation:▸ honoraria, royalties, prizes, awards▸ human subjects or other research or

survey participants

Non-Employee Reimbursements

Conference Registrations

Page 3: Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment

Vendor Payment PolicyRevision #1

Business Expense Policy

Requires 2 Pre-Approvals:

▸ Expenses > $1,000

▸ Alcohol

Page 4: Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment

Vendor Payment PolicyRevision #1

Withholding Taxes

Performers and Performing Entities

Page 5: Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment

Vendor Payment PolicyRevision #1

Sanctioned Countries

UMass Treasurer’s Office

Page 6: Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment

Vendor Payment PolicyRevision #1

Managing Payment Processing

NPO Payments

Incomplete Information

Page 7: Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment

Vendor Payment PolicyRevision #1

Advisory Sub-Committee

Volunteers