Payroll is the department responsible for the following:
- Providing assistance to all employees of the University as it relates to their specific payroll questions
- Issuance of checks and direct deposit advice to employees paid on a weekly or semimonthly basis
- Processing of authorized salary and other compensation payments to employees
- Appropriate withholding and remittance of taxes and deductions from salary and other compensation payments
- Providing guidance to department administrators as it relates to specific payroll needs
September 14, 2020
Syracuse University Will Not Implement 2020 Payroll Tax Deferral
On Friday, August 28, the Internal Revenue Service (IRS) and Treasury Department issued guidance on a potential employee payroll tax deferral directed by a presidential memorandum released on August 8, 2020. The deferral provided employers the option to defer withholding the employee portion of social security tax payments from September 1 through December 31, 2020, with the deferred taxes to be repaid from January 1 through April 30, 2021. The deferral applied only to employees whose wages are less than $2,000 for a weekly pay period and to salaried workers earning less than $104,000 per year.
After consulting with tax, legal, and compensation experts, the University has decided not to participate in the optional deferral. Since this program only postpones tax payments, the University chose this option in an effort to safeguard our employees from higher withholdings beginning January 2021.
If you have any questions, please contact the Payroll Service Center at 315-443-4042 or email@example.com.
Important update made by the IRS for the 2020 version of Form W-4, Employee’s Withholding Certificate
Due to the federal tax law changes that took place in 2018, the IRS has updated the 2020 version of Form W-4. Form W-4 is completed by each employee of the University to determine how much federal income tax is to be withheld from each paycheck.
The IRS is not requiring that all employees complete the updated form. It is to be used by employees hired after 2019, and can be used by employees that want to make a withholding change after 2019.
The IRS recommends that employees consider completing a new form each year or when their personal or financial situation changes. To assist employees with making adjustments to their withholding, the Tax Withholding Estimator on the IRS website is available. The IRS has also published Frequently Asked Questions that may be helpful when completing the updated form.
Form W-4 may be completed on MySlice, or in person at the Payroll Service Center at the Skytop Office Building.
PeopleSoft Timekeeping Transactions for Employees, Supervisors, and Department Administrators
Q & A: Technology Changes to Time Keeping and Core HR Transactions
Installation/Troubleshooting of a Timeclock
Reports for Department Administrators
See listing of Payroll and PeopleSoft Time and Labor reports that are helpful to departmental resources.
Please contact the Payroll Service Center at 315-443-4042 or firstname.lastname@example.org if additional assistance is needed upon review of these reports.