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- Knowledge Base
- Finance and Operations
- Finance and Budget
- Materials Management
Returns of materials or equipment acquired with a purchase order require authorization from the vendor and documentation in the purchase order system to receive credit for the return. Returns of items acquired through Campus Voucher, P-Card or eProcurement are handled by the department placing the order.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Materials Management
Complete purchase order records need to be retained, including changes resulting in returns to vendors or credits.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Accounts Payable and Vendor Services
The determination of the correct classification of worker as employee or independent contractor is significant to the University.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Materials Management
Items received by Central Receiving are inspected on an item-by-item basis, documenting condition and quantities received for purchase order deliveries to Central Receiving.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Materials Management
Central Receiving was established to document the accurate quantity and condition of items delivered to the University, and provide for safe delivery of items to campus.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Cash Management
The sales tax for admission charges is required by N.C. General Statutes.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Accounts Payable and Vendor Services
When a non-resident alien is compensated for services performed in the United States other than wages, then they are classified as an Independent Contractor.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Accounts Payable and Vendor Services
The University's tax exemption status must be communicated to vendors prior to doing business.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Cash Management
Sales taxes must be collected on admission charges to entertainment events and remitted to the N.C. Department of Revenue.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Office of the Controller
The University is required to file an Exempt Organization Business Income Tax Return (Form 990-T) with the Internal Revenue Service reporting any unrelated business income generated by the activities of its academic and support units.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Office of the Controller
The University is required to file an Exempt Organization Business Income Tax Return (Form 990-T) with the Internal Revenue Service reporting any unrelated business income generated by the activities of its academic and support units.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Office of the Controller
North Carolina sales taxes on sales of tangible personal property are collected by a campus unit and remitted to the NC Department of Revenue (NCDOR) by University Accounting Services.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Office of the Controller
North Carolina General Statute 105-164 Article 5, "North Carolina Sales and Use Tax Act," requires The University of North Carolina at Chapel Hill ("University") to collect sales taxes on all sales of tangible personal property. This applies to all University colleges, departments and units that sell tangible personal property.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Accounts Payable and Vendor Services
The University is required by North Carolina law to withhold state income tax at the rate of four (4) percent on non-wage compensation paid to nonresident individuals and businesses for personal services rendered within North Carolina unless certain criteria are met.
- Knowledge Base
- Finance and Operations
- Finance and Budget
- Accounts Payable and Vendor Services
Payments for personal services may be processed in one of three ways.