Business Matters

Revised Departmental Guarantee Memorandum (DGM) Procedure in Effect

Year-end close can feel like it’s far away, but it will be here before we know it! The good news is that a few consistent monthly best practices can make June and July far more manageable. By building these habits into your regular routine, you’ll reduce surprises, save time, and keep stress levels (and inboxes) under control.

An expansive winter storm is shaping up to impact millions from the central Plains to the East Coast on Friday through Sunday.

Public universities in Ohio operate under a unique tax framework. As state institutions, they are exempt from many taxes that apply to private organizations, but they are not tax-free. Certain taxes still apply depending on the university’s activities, employees, and revenue sources.

Beginning on January 1, 2026, the standard mileage rate for the use of a personal vehicle is 72.5 cents per mile for business use. These rates apply to all vehicle types (including electric, hybrid-electric, gasoline and diesel-powered vehicles).

As 2026 progresses, many countries and regions are moving toward digitized entry systems, biometric checks, and pre-travel authorizations that affect millions of business travelers worldwide.

EU: More Automated Borders with EES & ETIAS

Background

Please see updated Speaker Fee and Honorarium Payment Requirements under Ohio Senate Bill 1 (SB1) article for information.

In an effort to reduce fraud, Bank of America is enhancing security for online (card-not-present) purchases made with Commercial and Corporate Cards, including University-issued Payment Cards (PCards).

To help streamline supplier setup and payment processing, we have added Reimbursement and Stipend as selectable options in the “Reason for Inviting the Supplier” field when sending an invitation through PaymentWorks.

What this means for initiators