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As you make your final payroll arrangements for 2022, we’re sharing several useful year-end reminders and important dates to help you stay organized. Final 2022 Payroll Dates The latest date payroll can be processed for 2022 is Tuesday, December 27, for a pay date of Friday, December 30. Please note: the payroll check date determines […]
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At Nextep, we know the end of the year brings taxes top of mind for many. It also may be easy to forget about 2023 benefit limits that can impact your taxes.  Partnering with a PEO like Nextep means you can easily get all the details you need. Here is a cheat sheet of some […]
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Regardless of the turnover rate, every company at some point has faced the struggle of employee recruitment. Selecting the right candidate for your workforce is tough, and there are many factors to consider.  The action items below can provide your company with tactics to minimize risk and help ensure you hire the right person to […]
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The new year brings both new resolutions and state minimum wage and tax changes. We’ve compiled what employers need to know to stay compliant and prepare your 2023 budget! Minimum Wage Several states are increasing their minimum wage. As a reminder, when federal and state or local payroll laws differ, the employer must adhere to […]
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Year-End Tax Prep As we begin to wrap up 2022, we want you prepared for tax season and a smooth transition into the new year. That’s why we’ve compiled the tax prep key details in one place.  W-2s You and your employees can opt-in to receive W-2s securely and electronically instead of receiving a mailed […]
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We’re coming to that time of year when you need to know about paying year-end bonuses. With Nextep, we’ve got you covered. Here are the details: Timeline for bonuses All requests for 2022 bonuses should be made by Friday, December 23. Requests made after December 23 must be paid in the 2023 tax year.  Requests […]
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How do you handle employee promotions? When promoting one of your star employees to a management or supervisory position, companies should take the time to train and help the manager adjust to their new role.  An employee’s relationship with their immediate supervisor is one of the top five factors in job satisfaction, so a new […]
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It should be no surprise that your employees post on social media or even blog throughout the day ─ maybe even on company time or equipment. And while they may not post on the clock, it’s unlikely that after hours they think their social media or blog posts could have consequences at work. While employers […]
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The Ins and Outs of a PEO Relationship Are you thinking of moving your in-house HR tasks to a PEO? That’s great! Here’s what to expect. Professional Employer Organizations (PEOs) are a tried and true way for companies like yours to take advantage of some powerful perks: Access better benefits than you might be able […]
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The holidays can raise confusing questions on how to pay your employees, especially since there are separate rules for nonexempt and exempt employees. Here is a quick reminder on how to pay both groups during holidays. Pay for Nonexempt Employees If your business is closed for the holiday(s), the Fair Labor Standards Act (FLSA) does […]
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The Equal Employment Opportunity Commission (EEOC) recently released the “Know Your Rights” poster, which updates and replaces the previous “EEO is the Law” poster. Covered employers are required by federal law to prominently display the poster in their workplace.  DOWNLOAD POSTER What it covers The poster includes federal laws prohibiting job discrimination, as well as […]
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The IRS has released FSA and HSA limits for 2023. A flexible spending account (FSA) allows you to deduct a set amount of pre-tax money from each paycheck to pay for certain IRS-qualified out-of-pocket health expenses, such as medical copays, dependent care, prescription drugs, transit, and parking. Aside from the annually allowed rollover amount ($610 in […]
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