AFM Newsletter for April 29, 2021

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Published:
April 29, 2021

In This Issue:

  • AFM’s Tax Department is Being Reorganized
  • In Case You Missed It: New Compliance Requirements for GASB 87 and GASB 96
  • Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu

AFM’s Tax Department is Being Reorganized

The Tax Department in AFM handles foreign, federal, state and local tax planning and compliance issues. Since UT Austin is a large complex organization, the Tax Department was conceived to centralize tax planning and compliance with a goal to improve its compliance posture by placing certain tax specialists in a single department. With the recent appointment of Kyle ZumBerge as director of the Tax Department, the department is being reformed and adding new team members.

In February the department added Cynthia Roberts and Lori Monson as non-resident alien and independent contractor experts. Effective May 1, the department will add Kara Stoner, Juan Polio and Maribel Laredo, all formerly of Payroll Services. This change will allow for the transition of the payroll tax compliance piece to the Tax Department. Over the coming months the Tax Department will be reaching out to educate stakeholders on these changes and what will be done moving forward.


In Case You Missed It: New Compliance Requirements for GASB 87 and GASB 96

AFM is in the process of collecting information in order to meet new requirements introduced through GASB 87 (leases) and GASB 96 (subscription-based information technology arrangements). Read the previous newsletter to learn more about this.


Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu

Many thanks to the readers who have written in with suggestions and feedback about the newsletter. Please continue to write in with any suggestions for improvements or comments to the AFM@austin.utexas.edu email address.