August 14, 2017
1098-T: Box 1 Will Be Required for Tax Year 2018 Reporting1098-T: Box 1 Will Be Required for Tax Year 2018 Reporting
Colleges and universities are allowed to use the Box 2 reporting method for 2017 (forms filed in early 2018). However, Box 2 reporting will not be an option for the 2018 Form.

NACUBO Honors Higher Education Business Officers, Colleges and Universities for Excellence and Innovation

Five leaders and three institutions received awards during the NACUBO 2017 Annual Meeting.

Congress Makes Major Changes to Post-9/11 GI Bill

In an attempt to fill gaps in the existing Post-9/11 GI Bill, the U.S. House and Senate passed legislation aimed at better meeting the needs of student veterans.

Higher Education Associations File Brief in Bankruptcy "Claw Back" Case

The case in question is examining if a bankruptcy trustee can recover payments to an institution from a parent paying for his or her child’s education when the parent has filed for bankruptcy.

Department of Labor Seeks New Public Comments on Overtime Rule

The Department of Labor appears to be prioritizing creation of a revised overtime rule with a new Request for Information that seeks public comment on the Obama administration’s original rule.

Expedited Processing of Certain H-1B Visa Applications Resumes

The U.S. Citizenship and Immigration Services recently reinstated expedited processing of H-1B visas for certain employers, including colleges and universities, hospitals, and other nonprofit organizations.

FASB Seeks Comments on Accounting for Grants and Contributions

A FASB proposal issued August 3 clarifies existing guidance on contributions—consequently, more transactions, including research grants, will likely be accounted for as conditional contributions. Institutions have 90 days to comment.

What Did I Miss in Washington? July 21-August 14, 2017

For business officers who need to be in the know, read on for a rundown of political developments NACUBO is following.

EDUCAUSE Releases Report from 2017 Enterprise IT Summit

Key recommendations have been released from the 2017 Enterprise IT Summit, where leaders from higher education information technology, business, and finance discussed how cross-enterprise relationships can address institutional challenges and what college and university leaders can do to foster those relationships. See the complete report and save the date for the next Enterprise IT Summit: March 5-7, 2018, in Orlando.

Highlights of the NACUBO 2017 Annual Meeting

From publications to television news to social media channels, takeaways from the NACUBO 2017 Annual Meeting were well documented. Meeting sessions were covered in Inside Higher Ed and The Huffington Post. The Twin Cities’ ABC News affiliate aired a story on the NACUBO Community Service Project at Washburn Elementary School, and news of the 2017 NACUBO Awards recipients was widely published as well. Relive some of the highlights shared on Twitter with NACUBO's Annual Meeting Storify, and get ready for the 2018 annual meeting in Long Beach, CA!


NACUBO Live! 2017 Planning and Budgeting Forum

September 11-12, 2017

If you can't join us for this year's Planning and Budgeting Forum in San Diego, you can still participate in several sessions via NACUBO Live! Learn about innovative budget modeling, communicating financial information effectively, and more through the event’s live broadcast. Register today!

2017 Intermediate Accounting and Reporting - Fall

September 25-26, 2017
Columbus, OH

Learn accounting basics or brush up on your knowledge at this popular annual workshop. Session topics will include donor restrictions, endowment accounting, split-interest agreements, tuition discounts, plant and debt, operating issues, and more. Attendees will also learn about current GASB and FASB standards—and what may be coming next. Save when you register by August 28.


 

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