Nextep's 2021 Annual Report is here! See what we accomplished together this year.

Nextep One of the First PEOs to Receive IRS CPEO Designation

Beth Dean 06.13.17
126 Pen On Paper

Nextep, Inc. is among the first PEOs in the nation to receive the IRS designation as a Certified Professional Employer Organization (CPEO).

 

Established by the IRS under the Small Business Efficiency Act (SBEA), the CPEO program gives PEOs the opportunity to voluntarily apply for certification. This recognition from the IRS is a milestone for the PEO industry and their clients.

To become and remain certified, PEOs must meet rigorous tax compliance, background, experience, business location, financial reporting, bonding and other requirements.

Nextep President and CEO, Brian Fayak, sees the IRS certification as a strong step forward in elevating and enriching the employment experience.

“This certification supports our focus by offering clients greater financial protection and IRS-recognized tax advantages that go even beyond our Employer Services Assurance Corporation (ESAC) certification.”
– Brian Fayak, Nextep President and CEO

There are numerous benefits of working with a CPEO. CPEOs are subject to bonding, audits, and quarterly tax reporting and take on sole liability for client taxes. Clients of CPEOs are may also eligible for federal employment tax credits.

A significant advantage of IRS certification is that it limits double taxation, eliminating the wage base restart provision clients may experience when switching or onboarding with PEOs.  

The IRS does not endorse any particular certified professional employer organization. For more information on certified professional employer organizations, please visit www.IRS.gov.

Also on Nextep

From October 4-8, 2021, Nextep hosted its semi-annual volunteer event, Nextep Gives Back Week. This year looked slightly different from last year’s Nextep Gives Back Days with a week’s worth of in-person, virtual, and donation-based volunteer opportunities. Nexteppers created donation kits for their favorite nonprofits, packed meals for Meals on Wheels, cleaned and painted apartments […]
Read more
Finding a PEO can be a daunting task. You should feel confident in your partnership with Nextep, or any PEO for that matter. To ensure you do, we’ve put together a short checklist of questions to ask in your meetings with PEOs.    1. What accreditations and certifications do you hold?  A few credentials you’ll […]
Read more
Great Place to Work® honored Nextep as one of the 2021 Best Workplaces in Consulting & Professional Services™. We ranked number 27 out of the top 50 companies in the industry. The Best Workplaces in Consulting & Professional Services award is based on an analysis of survey responses from more than 463,000 current employees across […]
Read more
The Nextep Charitable Foundation supports The Virtue Center with a $30,000 donation toward their effort to build a new facility. The Virtue Center is a nonprofit organization in Norman dedicated to helping those struggling with addiction and related mental health challenges.  Individuals and families struggling with substance abuse, compulsive gambling, and mental health issues including […]
Read more
From May 15 – 23, 2021, Nextep hosted its first-ever Virtual Volunteer Week! This year, the Nextep Gives Back committee came up with several ways for Nextep employees to volunteer virtually or in person. Nexteppers had the opportunity to create donation kits for their favorite nonprofits, pick up trash in their communities, volunteer locally, or […]
Read more
Powerful technology and HR experts to help your growing company Large businesses have unique needs. Managing a bigger and more diverse workforce, varying employee healthcare needs, complicated company payrolls, multiple office locations, and more. Nextep’s innovator package starts at $25 per employee per month and includes comprehensive payroll processing, access to Fortune 500-style benefits, employee […]
Read more
Elevating the employment experience and enriching people’s lives is what we strive to do at Nextep every day — and now we’re empowering the kids of Nextep employees to do the same! The Nextep Charitable Foundation created the “Nextep’s Future Philanthropist” program, where students get $50 to donate to their school or a nonprofit of […]
Read more
The Nextep Charitable Foundation is proud to donate $8,000 to Mary Abbott Children’s House. Nextep has supported Mary Abbott Children’s Home — a fellow member of the Norman, OK community — on numerous occasions over the company’s 25 years in business.  “Abbott House provides a victim-centered, child-friendly environment to help children tell their stories after […]
Read more
The Nextep Charitable Foundation set a goal to donate $100,000 to nonprofit organizations in 2020. As the year was coming to an end, we looked to our employee-led volunteer committee for suggestions and learned about a few incredible organizations we’d never worked with before. One of these organizations is The Sharing Tree. Sharing Tree’s mission […]
Read more
The Nextep Charitable Foundation is excited to donate $10,000 to the Neighborhood Services Organization (NSO). Through various outreach programs, NSO provides housing support and essential medical services to those in need throughout Oklahoma City. NSO is a nonprofit organization based in Oklahoma City with the mission of “transforming lives and encouraging independence through safe, healthy […]
Read more
In December, the Nextep Charitable Foundation donated $10,000 to La Luz OKC, which supports members of the Latino community who experience domestic violence, sexual assault, and stalking.  “We provide victims with an option that feels safe and comforting because it incorporates Hispanic culture, values, and upbringing. It is a place where our clients feel a […]
Read more
Nextep Once Again Receives the SOC 1®, Type 2 Certification  We’re excited to announce that Nextep has once again received the coveted SOC 1®, Type 2 certification! The SOC 1®, Type 2 audit process analyzes the controls that affect users’ financial reporting. We once again worked with UHY LLP (UHY), a licensed CPA firm specializing […]
Read more

Download Our App