Blog posts about
Payroll
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Please note: these instructions apply to our legacy Nextep account. If your company is using the new Elevate by Nextep experience, please follow the instructions here. 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. […]
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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 […]
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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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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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Get the low down on how to handle pay correctly. Should you pay your employees for working during lunch? Yes.  Easy answer! Right? Well, no. Though the simple answer is an emphatic yes, it’s a bit more nuanced.  The topic of lunch and compensable time can be tricky. There are many ways an employee could […]
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