Horizons Fall/Winter 2019

methodology for the unrelated business income inclusion of costs associated with certain employee fringe benefits (parking and other transportation fringes). Additionally, the most recent guidance issued in Notice 2019-09 addresses the new 21% excise tax on certain employee compensation. Of course, the costs associated with outsourcing are an important part of the overall consideration. When comparing the outsourced fees to the cost of hiring talent in-house, the salary of hired talent as well as the benefits provided (healthcare insurance, retirement plans, disability, etc.) should be part of the evaluation.

Another consideration is the college or university’s future budget variability that might impede hiring someone fulltime. Addressing the challenges around identifying and hiring talent is not a small task. Collaborative agreements for shared services between unrelated colleges or universities can be a solution. In addition, outsourcing any aspect of operations can address objectives that are currently not being met or are being satisfied temporarily by overwhelmed staff.

COLLEGES & UNIVERSITIES SERVICES GROUP

The Colleges & Universities Services Group provides a full range of assurance, consulting services and tax to colleges and universities. Our specialized services and expertise are delivered with close personal attention to our clients. For more information, visit www.RubinBrown.com/Colleges .

Chester Moyer, CPA Partner-In-Charge Colleges & Universities Services 816.859.7945 chester.moyer@rubinbrown.com

Brent Stevens, CPA, CGMA Partner Colleges & Universities Services 314.290.3428 brent.stevens@rubinbrown.com

Kim Ryan, CPA, JD, LL.M Partner Colleges & Universities Services 303.952.1208 kim.ryan@rubinbrown.com

Fall/Winter 2019

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