Tech Times

Category: Administration

  • Attention GAs: Tax Implications-’21 SP

    The Office of Graduate Studies is now sending a listing of the tuition benefits paid each semester on your behalf to the Payroll/Business Office. For Support Graduate Assistants the amount will be added to the taxable income on your April 30th paycheck and will increase your tax liability and possibly your federal income tax deduction. This amount does not increase your net pay.

    If you want to change your W-4 to prevent or lessen the withholding amount, the form is here. This form must be returned to the Payroll Office by 4:30 p.m., Thursday, April 15th, to process on the April 30th paycheck.

    If you have questions regarding the W-4 process, contact the Payroll Office by e-mailing payroll@tntech.edu.

    Here is an explanation of how the IRS treats assistantships:
    Tuition benefits offered to graduate assistants are generally excluded from taxable income under section 117(d) of the Internal Revenue Code (IRC). However, section 117(d) only excludes from taxable income tuition benefits for graduate students who are engaged in teaching activities or research activities at the University. Graduate assistants not engaged in such teaching or research activities at the University cannot be excluded from taxable income under section 117(d). These assistantships do not qualify for the $5,250 exclusion.

  • Closing Memo for Fiscal Year 2021

    Please read the Closing Memo for FY2021 to review important deadlines as we near the end of the fiscal year. The memo can be found on the General Accounting page (https://www.tntech.edu/businessoffice/gen-acc.php) along with a deadline list sorted by date. Please contact Kacee Abbott (kabbott@tntech.edu) if you have any questions.

  • Apply for Board of Trustees Student Representative

    Apply for Board of Trustees Student Representative

    Interested in representing the student body as the student member of Tennessee Tech’s Board of Trustees? Details and application are posted at tntech.edu/sga

  • Budget Office – April Training Sessions

    Budget Office training sessions for April have been scheduled if anyone is interested! Below is a brief description of each training:

    General Budget Training: This training gives a big picture overview of the university budget, Banner screens, and budget revisions. This training is required for signature authority on budget revisions.

    Budget Banner Screen Training: This training focuses specifically on the Banner screens frequently used for budgeting purposes.

    Budget Shadow System Training: This training focuses specifically on our Shadow System Template.

     

    Please click the link below or visit our homepage on the website to register for a virtual session. We look forward to meeting with you!

    https://its.tntech.edu/display/MON/Training+Course+Registration

     

    Please contact the Budget Office if you have any questions.

  • Flower & Gift Fund Notice

    All University Faculty, Administrative Staff, and Clerical & Support Staff as defined by the personnel policies of the University, are members of the University Faculty and Staff Flower and Gift Fund, having accepted group participation in the fund. Each member of Faculty and Staff has the opportunity to contribute to the fund. The $10 contribution is deducted annually from the October payroll check. You may use this link to make your selection to begin or end your contribution.

    Link for guidelines. The link does require a Tennessee Tech IDme login. If you experience any errors logging in, try to open a different browser or clear the cache.

    NOTE: Administrative Officers, Academic Deans, Faculty Members, and Departmental Chairpersons are responsible for reporting illnesses, deaths, weddings, and “new arrivals” to the President’s Office.

  • Budget Office – Upcoming Deadlines

    Budget Office – Upcoming Deadlines

    The Budget Office would like to remind everyone of upcoming deadlines:

    Proposed Budget – Departments/Units should submit their requests for new budget resources by 3/05/21. All Administrative and Support Units should submit their new requests directly to the Budget Office, and all Academic Units should submit their initial budget request in accordance with instructions received from the Provost Office.

    Current Estimate – Clean up entries for Current Estimate are also due by 3/05/21. Please check for deficits in your account lines. Budget revisions needed to clean up the bonuses are being created by the Budget Office and will be processed next week.

    Please contact the Budget Office if you have any questions.

     

  • W-2s for 2020 released!

    Electronic W-2s are now available online!

    Update on Electronic W-2s.  First log into TechExpress (https://express.tntech.edu).  Select Eagle button from the Quicklinks area. This will take you to Eagle Online.  Select the Employee tab, and your W-2 is located under Tax Forms. Please note that your PIN is not required if you use Tech Express.

    Paper W-2s were mailed January 22nd for employees who did not consent to receiving the electronic version. Employees who wish to receive W-2’s electronically in the future can select Electronic Regulatory Consent in Tech Express under Tax Forms. We encourage employees to select Electronic Regulatory Consent as it reduces the risk of others obtaining your personal information through mail theft.

  • Mask Enforcement in the Volpe Library

    Mask Enforcement in the Volpe Library

    New Year = New Semester.    New Semester = New Enforcement.    Masks will be required in all areas of the Volpe Library and are required to be worn at all times.     Masks should cover both nose and mouth and should be in place between drinks and bites of food.     Those who do not wear a mask will be asked to leave the building.   Please be considerate of the health of your fellow students, their families, and our health care workers.

  • 2020 W-2 and 1095-C Information

    PLEASE READ: 2020 W-2 and 1095-C Information [time sensitive]

    For your added security, we strongly encourage that your W-2 and 1095-C be delivered electronically through Eagle Online/Banner Self-Service.  This keeps your personal information from being sent through the mail and it will be available to you sooner.  To consent, you can log into Tech Express, Eagle, Employee-Tax Forms-Electronic Regulatory Consent.  Read the statement and check the box to consent.  Complete this simple process by Sunday, January 10, 2021, to ensure your election is recorded prior to the release of 2020 W-2s.

  • ’20 Holiday Payroll Deadlines

    2020 Holiday Payroll Deadlines

    Please observe the following deadlines during the upcoming holiday season.

    December Student and Temp payroll is on Thursday, December 10

      • Extra Pay timesheets are due by 4:30 PM on Thursday, December 3

     

      • November leave reports are due by Wednesday, December 2 (Approvals due Monday, December 7)

     

      • All other payroll items normally due on the 15th are due on Monday, December 7

     

      • December monthly payroll is on Wednesday, December 23

     

      Any checks not picked up will be mailed at 3:30 on December 23

    January Deadlines

    Timesheets for work done in December by student and temporary hourly employees may be approved as soon as December work is finished. Any times not approved before the holiday break will be due by 11:00 AM on January 4, 2021.