Blog posts about
employee pay

At least 22 states and nearly 40 local jurisdictions will increase their minimum wage rates on January 1, 2024. Below is a summary of these changes and guidelines to help you comply with your minimum wage requirements. As a reminder, in cases where federal, state, or local regulations differ, the employer must use the law […]
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Get ready to chart your company’s financial course for 2024! To assist in gearing up your company’s budget, here’s a breakdown of some key upcoming financial changes. 2024 Tax, FSA, and Retirement Updates   2024 2023 TAXES Social Security Wage Base $167,700 $160,200 FICA – Social Security (OASDI) 6.2%, up to wage base 6.2%, up […]
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Time to mark your calendars! Here are key bank and Nextep holiday closure dates for 2024.  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 can still process your payroll for that day. However, if banks are […]
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Spoiler Alert: Yes We frequently see a question posed to HR pros: “Do I have to pay my employee if…?” We’ll go ahead and give you a major hint at the outset. In many of the scenarios we see, the answer is yes, you do have to pay your employee. Here are a few scenarios. […]
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