Clearer Rules, Smarter Compliance
Procurement Services has rolled out a comprehensive update to the Reimbursable Business Expenses policy, effective August 4, 2026. This update replaces the previous 2024 version to provide clearer definitions, align with IRS guidelines, and streamline how university staff, faculty, students, and non-employees handle out-of-pocket expenses. Reimbursement remains an exception-based procurement path rather than a standard […]
IRS Announces Increased Mileage Rate for 2025!
Great news for all business travelers! Starting January 1, 2025, the IRS has increased the standard mileage rate for business use to 70 cents per mile, up from 67 cents in 2024. This adjustment reflects the rising costs of operating a vehicle and ensures that employees are fairly compensated for their travel expenses. Happy (business) […]
