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

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Presentation on theme: "Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment."— Presentation transcript:

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

2 Vendor Payment Policy Revision #1 Purchase of Service Policy NPO Non-Employee Compensation: ▸ honoraria, royalties, prizes, awards ▸ human subjects or other research or survey participants Non-Employee Reimbursements Conference Registrations

3 Vendor Payment Policy Revision #1 Business Expense Policy Requires 2 Pre-Approvals: ▸ Expenses > $1,000 ▸ Alcohol

4 Vendor Payment Policy Revision #1 Withholding Taxes Performers and Performing Entities

5 Vendor Payment Policy Revision #1 Sanctioned Countries UMass Treasurer’s Office

6 Vendor Payment Policy Revision #1 Managing Payment Processing NPO Payments Incomplete Information

7 Vendor Payment Policy Revision #1 Advisory Sub-Committee Volunteers


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