Blog posts about
Payroll

What to do as a boss in the age of pay transparency Navigating pay transparency in the workplace can be a delicate balancing act for bosses.  On the one hand, it’s important to be open and honest about compensation, but on the other hand, there may be concerns about privacy and sensitive information. First, a […]

Shining a Light on Compensation: The Bold Move Toward Pay Transparency Let’s talk about the rise of pay transparency in the United States. It’s a hot topic but also relevant as more companies (and employees!) are demystifying employee pay. Pay transparency is the practice of openly and honestly sharing information about salaries, bonuses, and other […]

Are You Paying Your High-Earning Employees Correctly? In a recent case, the Supreme Court issued an opinion clarifying the overtime-exempt status requirements under the Fair Labor Standards Act (FLSA).  The ruling emphasizes the importance of the salary-basis requirement for high-earning employees to be overtime-exempt under the FLSA. Here’s what you need to know: Under the […]

Don’t worry. Nextep’s payroll processing is unaffected by the SVB closure. At Nextep, we understand that the recent closure of Silicon Valley Bank (SVB) has caused concern for our clients and their employees who bank with SVB. We want to assure you that Nextep’s ability to process payroll remains unaffected by this event. We are […]

Your Guide to the Latest Court Ruling on the FLSA Administrative Exemption If you’re an employer in Maine, Massachusetts, New Hampshire, Rhode Island, or Puerto Rico, listen up! The 1st US Circuit Court of Appeals has clarified the Fair Labor Standards Act’s (FLSA) administrative exemption, and it could be a game-changer for your business. In […]

Asking about salary history may be banned in your state. “So, tell me about your salary history at your current job.” It’s a typical job interview question, often used by recruiters to help gauge whether the candidate would be satisfied with the salary offered at their company. Sometimes, though, the question can help them determine […]

If you don’t have transparent pay, you may be legally obliged to do it soon.   California is the latest of several states to mandate transparent pay in job postings.  When advertising a job vacancy, California businesses with 15 or more employees must now show a salary range that the employee may expect to earn […]

From our desk to yours As the year is coming to a close, we have a lot to share! We’ve taken the time to gather the important details for you, from year-end payrolls to important tax updates. Get everything all in one place as we prepare for 2023! Quick year-end Links: W-2 Frequent Questions 2023 […]

Tax season is upon us! All W-2s will be available in your Nextep account no later than January 31. Here are answers to a few frequently asked W-2 questions. W-2 FAQ What might delay the delivery of my W-2? If your address is incorrect, it will delay your W-2. Please update your address before January […]

We love holidays, but know that business needs continue year-round, even during bank closures. To prepare, we have some key bank and Nextep holiday closure dates for 2023.  If Nextep is closed on a day that banks are usually open, such as the day after Thanksgiving, no need to stress! If banks are open, we […]

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 […]

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 […]