Blog posts about
Payroll
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When an employee makes the switch from a salary-based job to one that’s paid by the hour, some habits could keep them from receiving all of the pay they’re entitled to. Those who are exempt from overtime pay or paid on a salary basis tend to develop working habits that accommodate their job expectations, such […]
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National Payroll Week is next week! Running September 7-11, 2015, National Payroll Week is an occasion to celebrate American workers and the payroll professionals who serve them. A paycheck with even one mistake can mean big trouble for an employee. In honor of National Payroll Week, Nextep’s payroll pros offer 3 ways to ensure payroll […]
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2015 will bring a number of changes to taxes, paycheck deferrals, and other areas that have an impact on employee paychecks. These changes are largely mandated by the Internal Revenue Service (IRS) and will become effective January 1, 2015. To aid in preparing budgets for 2015, below is a breakdown of upcoming changes. Social Security […]
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Several states are increasing their minimum wages in the new year. As a reminder, when federal and state or local payroll laws differ, the employer must adhere to the law which benefits the employee the most. In cases where the state minimum wage is higher than the federal minimum wage of $7.25, the employee must […]
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The holidays can bring up confusing questions on how to pay your employees, especially since there are different rules for employees who are exempt or not exempt from overtime pay under the Federal Labor Standards Act (FLSA) regulations. Here is a quick guide on how to pay each group during the holidays. Holiday Pay for […]
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Employers of 50-99 full-time (FT) or full-time equivalent (FTE) workers have been granted a reprieve from the Health Care mandate until 2016. In 2013, Nextep reported that the employer mandate known as Pay or Play under the Affordable Care Act (ACA) had been delayed until 2015. In simplified terms, the mandate requires employers with 50 […]
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The IRS has announced that its tax season will start later than planned due to the government shutdown. Traditionally, the time period in which employees may file their individual tax returns beings on January 21, with an April 15 deadline. During the government shutdown, 90% of the IRS operations were closed, causing the organization to […]
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After delays of several months, the new I-9 has been released by the U.S. Citizen and Immigration Services (USCIS).  While a grace period of 60 days until May 7, 2013, has been granted to transition to the new form, the USCIS has recommended that Employers begin using the new form immediately for all new hires […]
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Health care reform’s Affordable Care Act (ACA) includes a provision in which high wage earners will be subject to increased Medicare taxes once an earnings threshold has been met. Employee wages are currently subject to a 1.45% Medicare tax rate, paid by both the employee and the employer. Effective January 1, 2013, the employee portion […]
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The Internal Revenue Service (IRS) and Department of Labor (DOL) recently signed an agreement to coordinate with the other agency in enforcing compliance and education on employee misclassification. Said DOL Secretary Hilda Solis, “We’re here today to sign a series of agreements that together send a coordinated message: We’re standing united to end the practice […]
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