Hear timely insights on marketplace conditions, proposed legislation, innovations, research, and success strategies from industry leaders, lawmakers, experts, and icons to help you propel your business forward and THRIVE.
Episodes
6 hours ago
6 hours ago
As we continue with Cybersecurity Awareness Month, we’ve got Dan Lohrmann, Field Chief Information Officer at Presidio on this week’s episode of Paychex THRIVE, a Business Podcast. Tune in to hear him chat with host Gene Marks about the services Presidio offers, as well as why businesses of all sizes need to be prepared for cyber-attacks, what they can do, the added risk brought on by remote workers, how major attacks happen, and much more.
Topics Include:
00:00 – Episode preview
01:00 – Welcome, Dan Lohrmann
01:32 – Introduction to Presidio
02:49 – What services Presidio perform
05:52 – Common findings from assessments
06:29 – SaaS security
08:03 – Why care about security?
11:44 – The importance of being prepared
13:14 – The security concerns over remote workers
16:06 – How major cyber attacks happen
17:24 – Diving into Dan Lohrmann’s book
23:16 – Not just a big business problem
24:36 – Protecting your business
27:35 – Deep fake and AI
31:53 – Wrap up
Learn more about the importance of cyber security: https://bit.ly/46qaWfX
Find out more about cyber liability insurance: https://bit.ly/452RtAR
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
5 days ago
5 days ago
The IRS is hiring thousands and thousands of more specialized personnel, primarily to increase audits on the wealthy and corporations. Gene Marks says that small businesses should be prepared to get caught in that net. In California, some franchise fast-food employers should prepare to pay a higher minimum wage, while Walmart goes the other way by paying different wages for the same job. Listen to what Gene Marks has to say on the podcast about states singling out industries to pay higher wages and what the Walmart decision is actually indicating.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Sep 26, 2023
Tuesday Sep 26, 2023
October is Cyber Security Month, and we’re kicking it off early with Jonah Wisch, Program Director of the National Cybersecurity Center (NCC). Listen in a Jonah talks with Gene Marks, host of Paychex THRIVE, a Business Podcast, about what the NCC does, cyber insurance, the importance of cyber awareness training, and more.
Topics Include:
00:00 – Episode Preview
00:48 – Welcome, Jonah Wisch
03:18 – National Cybersecurity Center (NCC)
04:53 – Funding for the NCC
05:33 – Cyber for small businesses
06:08 – Cyber insurance
07:43 – Cyber risk questionnaires
11:25 – The role NCC plays in cyber insurance
13:05 – Cyber guidance from the NCC
13:33 – NIST Cybersecurity Framework
14:07 –Cybersecurity and Infrastructure Security Agency (CISA)
14:38 – Center for Internet Security Top 18
14:56 – What is a framework?
16:52 – Email compromise
18:07 – Ransomware
19:20 – Risk with AI
20:26 – Cybersecurity awareness training
23:20 – Wrap up
Learn more about the importance of Cyber Security at www.paychex.com/worx/podcasts/business/kristin-harper-cyber-security-for-small-businesses
Find out more about cyber liability insurance at www.paychex.com/business-insurance/cyber-liability-insurance.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Sep 21, 2023
Thursday Sep 21, 2023
The IRS announces a moratorium on reviewing any ERTC claims received after Sept. 13, 2023, until the new year, although businesses can continue to file. Basically, expect delays in the process. Some good news: the rate of entrepreneurship is rising in the U.S., led by women and people of color, according to study by Babson College that shows 19% of adults is starting a business or has done so. Gene has some suggestions about certain approaches to this, and he comments on how to offset the rising health care costs for employers providing plans for employees. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Sep 19, 2023
Tuesday Sep 19, 2023
Have you considered buying a business or selling your current business? Now may be the right time. Take a listen to this episode of Paychex THRIVE, a Business Podcast, as host Gene Marks talks with Bob House of BizBuySell about what you should know about the current market and how to go about buying – or selling—a business today.
Topics Include:
00:00 – Episode preview
00:32 – Welcome, Bob House
01:36 – Introduction to BizBuySell
02:23 – What is the CoStar Group
03:33 – What BizBuySell offers
05:38 – Unique business offerings
07:41 – State of the market
09:34 – Impact of interest rates and financing
12:31 – Advice BizBuySell offers business sellers
14:21 – Influence of seller once business is sold
15:40 – Employee ownership plans
17:00 – Tax incentives for buying and selling businesses
20:05 – Ease of buying a business today
21:34 – Asset transactions
23:17 – Thoughts on multipliers
25:05 – Hot industries for those buying businesses
27:32 – Business broker
30:13 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Sep 14, 2023
Thursday Sep 14, 2023
A 17 percent month-over-month increase in bankruptcies is concerning, especially with rising interest rates, but Gene Marks shares how businesses can get help and protect themselves under the Small Business Reorganization Act of 2019. Also, a bank teams with the Pittsburgh Penguins to offer a training camp to guide and train small businesses, much like the Massachusetts prison system is providing skills training and education to inmates to prepare them for the workforce. Listen to the podcast to learn how this can be a benefit to your business.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Sep 12, 2023
Tuesday Sep 12, 2023
Looking for another way to improve the customer experience? Your communication technology plays an important part in that. Tune in to this episode of Paychex THRIVE, a Business Podcast, to hear from John Antanaitis, Vice President of Global Portfolio Marketing at Vonage, as he talks with host Gene Marks about how companies like Vonage are evolving, what Vonage offers its clients, the impact of artificial intelligence, and more.
Topics Include:
00:00 – Episode preview
00:49 – Welcome, John Antanaitis
02:02 – How the market has changed product offerings
04:28 – Introduction to unified communications
06:03 – How Vonage differentiates itself
08:46 – Recommendations for small business owners
13:27 – Data involvement
16:16 – Leveraging APIs
19:23 – Types of customers for communication platform use
21:52 – Where communication platforms are going
25:05 – AI in communication
28:56 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Sep 07, 2023
Thursday Sep 07, 2023
Although job growth has slowed for a sixth consecutive month, North Carolina continues to be the place to find work, overtaking Texas for the top spot, according to the Paychex | IHS Markit Small Business Employment Watch. On the other side of the job market — schooling — Gene Marks says that the benefits provided in SECURE 2.0 to roll leftover 529 plan funds into a Roth IRA without penalty are key and businesses should consider providing 529s to employees. Businesses also could help themselves by planning for any impact created if the proposed overtime rule becomes final. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Aug 31, 2023
Thursday Aug 31, 2023
Skilled trades might get a boost, as nearly half of Gen Zers surveyed said they are exploring this option over college, and Gene Marks says it’s a good thing. We need good trades people, and the jobs are there. Small businesses should follow big businesses — 77% say mental health access is prime focus. Are you prepared for a potential government shutdown? Gene shares his thoughts on the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Aug 29, 2023
Tuesday Aug 29, 2023
When it comes to cybersecurity it’s essential for any size business. In fact, small businesses are often the prime targets for cyber attacks. That’s why host Gene Marks is talking with Kristin Harper, Manager of Operations Security at Paychex about what you can do to protect your company from cyber criminals.
Topics Include:
00:27 – Meet Kristin Harper
01:03 – Kristin’s job as Manager of Operations Security
02:51 – Cybersecurity in small business
03:42 – User education to prevent cyber crime
04:53 – What is phishing?
05:24 – Smishing: SMS phishing
09:32 – The rise of social engineering
10:20 – The impact of malware
12:14 – What to do to lower the risk of an attack
14:35 – Cybersecurity and remote employees
15:42 – Securing your home network and your software
17:30 – Should you be using security software?
19:11 – Cyber insurance
Find out more about cyber security as it relates to business at www.paychex.com/articles/management/cyber-security-and-a-secure-business.
Read more about the importance of cyber liability insurance at www.paychex.com/articles/human-resources/cyber-liability-insurance-why-your-business-needs-it.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Aug 24, 2023
Thursday Aug 24, 2023
In this episode of the Paychex THRIVE Week in Review podcast, host Gene Marks delves into the upcoming increase in minimum wages across several states, including California, and ponders the possibility of a national minimum wage change. Shifting gears, Gene examines the evolving landscape of remote work, highlighting a study revealing that many bosses regret their initial return-to-office decisions. He emphasizes the importance of flexibility and taking employee needs into account when formulating work-from-home policies. Lastly, Gene explores the benefits of Employee Stock Ownership Plans (ESOPs) and their potential advantages for both business owners and employees. He cautions listeners about recent IRS scrutiny of ESOPs, emphasizing compliance and proper setup. Tune in for valuable insights on these timely business topics.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Aug 22, 2023
Tuesday Aug 22, 2023
Tune into this episode of Paychex THRIVE, a Business Podcast to hear as, host Gene Marks talks with Employment Attorney and Partner at Fisher Phillips, Lauren Sobaski, about two key topics impacting employers today. Tune in to hear what she has to say about the current religious accommodation case of Groff v. DeJoy, employment retaliation, and what employers should consider when addressing their workplace policies.
Topics Include:
00:00 – Episode preview
01:10 – Welcome, Lauren Sobaski
01:50 – What an employment attorney does
02:55 – Introduction to Groff v. DeJoy
06:12 – How the lower courts sided
08:16 – The definition of significant
09:43 – The potential for more lawsuits
11:33 – Defining religious accommodation
12:43 – Possible timing
13:34 – What advice is Lauren giving?
15:16 – Last thoughts on Groff v. DeJoy
18:10 – Retaliation claims from employees
20:50 – Where employees make retaliation claims
21:39 – The importance of training and policies
24:19 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Friday Aug 18, 2023
Friday Aug 18, 2023
Businesses have reporting requirement deadlines approaching regarding their true or beneficial ownership, which many small businesses aren’t aware of. Gene Marks shares information about how the U.S. Treasury is taking action to educate businesses about their compliance obligations. Businesses should also know that a rule on pregnancy accommodations will be coming from the EEOC. And, apparently, employee retention can be bolstered with a song and gift on an individual’s birthday. Listen to the podcast for details.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Aug 15, 2023
Tuesday Aug 15, 2023
Have you ever heard of SCORE? And do you know what they do? Take a listen as host Gene Marks talks with CEO of SCORE, Bridget Weston on this episode of Paychex THRIVE, a Business Podcast. Take a listen as they talk about how SCORE works to provide businesses with mentorship, how you can prepare yourself to work with SCORE, the change in the labor market and how to retain talent, and the ever-growing topic of AI.
Topics Include:
00:00 – Welcome, Bridget Watson
01:43 – Introduction to SCORE
03:06 – Who is SCORE for?
04:44 – Becoming a SCORE consultant
06:03 – Pairing mentors with business owners
09:34 – The mentor mentee relationship
14:31 – SCORE code of ethics
16:23 – Preparing yourself to work with SCORE
18:58 – Attracting and retaining talent
21:23 – How the labor market has changed
23:36 – The importance of flexibility
24:46 – How SCORE is helping with AI
29:24 – Not-for-profit and for-profit businesses
29:47 – Wrap up
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Aug 10, 2023
Thursday Aug 10, 2023
Employers who conducted remote document inspections related to Form I-9 during the pandemic have until Aug. 30, 2023, to review those same employee documents in person. Gene Marks discusses additional changes to Form I-9 that are intended to make completing this required employment eligibility form a simpler process. In other news impacting businesses, Visa announced it will send auditors to businesses to ensure they are not passing along inflated surcharges to customers that break the terms of agreement. The penalties are steep. Listen to this week’s podcast for more details.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Aug 08, 2023
Tuesday Aug 08, 2023
We’re talking to Lyn Alden again and this time we’re diving deeper into the economy now and in the future. Take a listen as Lyn and host, Gene Marks, touch on the current and future state of the economy, including the housing and real estate market, the expectations on inflation, business financing, and more.
Topics Include:
00:00 – Episode preview
00:52 – Welcome, Lyn Alden
03:01 – Current state of the economy
03:34 – Housing and real estate
07:46 – Mortgage refinancing
09:59 – Shortage of available housing
12:00 – Deficits and spending
15:35 – Expectations on inflation
18:35 – The state of interest rates
23:30 – Corporate financing
26:36 – The future of the economy
29:11 – Wrap up
Get more information on different types of financing for small businesses at www.paychex.com/articles/finance/securing-small-business-financing.
Hear more about the state of the real estate market with our podcast episode with Ryan Serhant at www.paychex.com/worx/podcasts/business/ryan-serhant-gets-real-about-real-estate.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Aug 03, 2023
Thursday Aug 03, 2023
With high temperatures and crushing heat indexes across the United States, the Biden administration pushed the Labor Department to remind workers of their protections and rights, and businesses could face enforcement for safety violations. Gene Marks also shares thoughts on the Mental Health Parity and Addiction Equity Act, as well as reminds small businesses that states are rolling out programs for grants and funding that could ease some of the inflationary and credit pressures. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Aug 01, 2023
Tuesday Aug 01, 2023
Join host Gene Marks in this insightful episode as he discusses the Employee Retention Tax Credit (ERTC) with Erin Lierheimer, Senior Technical Product Manager, and Ken Bersani, Manager of Operating Risk, both from Paychex. Learn how businesses can claim retroactive credits for pandemic-related losses. Discover the ERTC qualifications, eligibility, timeline, and how Paychex can assist in the process. Don't miss out on valuable information about the ERTC benefits and deadlines for claiming retroactive credits.
00:00 – Introduction
00:15 – Financing trends for 2023
01:01 – What is the ERTC?
03:15 – Guest introduction
03:51 – Meet Erin Lierheimer
05:39 – Meet Ken Bersani
06:14 – Using a professional for ERTC
07:25 – Can you still obtain the ERTC credit?
07:43 – Retroactive amendments to ERTC
08:09 – How long does it take to get refunds?
08:33 – ERTC timeline and leaving yourself time
11:38 – How Paychex helps with the process
12:09 – ERTC with other loans and credits
15:41 – Qualifications and eligibility for ERTC
15:51 – Full or partial shutdown
19:45 – Decline in gross receipts
22:47 – Recovery startup businesses
25:02 – Key dates
26:07 – Auditing by the IRS
30:51 – Wrap up
Discover more about the benefits of the ERTC at www.paychex.com/worx/guide/ertc-resource.
Find out more about the deadlines to retroactively claim the ERTC www.paychex.com/articles/compliance/employee-retention-credit.
Learn more about the ERTC and how Paychex can help at www.paychex.com/tax-services/employee-retention-tax-credit-services.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jul 27, 2023
Thursday Jul 27, 2023
Personal credit card balances are rising, so banks are holding onto their money and making it tougher for businesses to get loans and lines of credit. Farmers Insurance makes decision to leave the homeowners market in hurricane-prone Florida, which will impact some individuals and potentially businesses, although it’s a small share of the insurance market in the state. Gene Marks also shares that businesses need to take advantage of the Barbie boom while they can. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jul 25, 2023
Tuesday Jul 25, 2023
One key focus for legislators today is finding ways to combat the retirement crisis in the United States, including the recent passing of SECURE Act 2.0. Tune in to hear as host Gene Marks talks with John Scott, the Director at the Pew Charitable Trusts’ Retirement Savings Project, about the reasons behind the current state of retirement across the country, whether or not pension plans could reemerge, the ins and outs of the SECURE Act 2.0, state run programs, and much more.
Topics Include:
00:00 – Welcome, John Scott
00:15 – Pew Charitable Trusts’ Retirement Savings Project
02:03 – The state of pension plans
02:54 – Could something like a pension come back?
04:31 – Incentivizing workers to stay long-term
06:17 – The reasons for the retirement crisis
07:06 – The benefits of workplace retirement benefits
08:26 – Attracting and retaining talent with retirement benefits
11:32 – SECURE Act 2.0
12:36 – Tax credits for starting a plan
13:25 – Expanded savers credit
14:57 – Employer tax credits for matching contribution
17:26 – Matching of student loans
19:52 – Roth 401(k) with SECURE Act 2.0
22:43 – State run retirement plan programs
25:28 – Downsides to state run programs
28:55 – The future of solving the retirement crisis
30:27 – Wrap up
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jul 20, 2023
Thursday Jul 20, 2023
In this episode of "Week in Review," Gene Marks discusses three critical news topics impacting small businesses. He analyzes the potential impact of "Threads," Facebook's new platform, on businesses and explores the considerations for choosing the right social media platform. Next, Gene examines a research report on small business borrowing, finding surprising stability despite rising credit card interest rates. He shares insights on accessing capital and how businesses are navigating the current lending landscape. Lastly, Gene warns of a looming UPS strike and advises businesses to prepare for potential supply chain disruptions and higher shipping costs. Join him for valuable insights to help businesses navigate these challenges effectively.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jul 18, 2023
Tuesday Jul 18, 2023
From simple calls and text messages, to one of the most important tools in your life, mobile devices have seen huge advances in just 10 years’ time. And to keep up with the growing mobile technologies, networks have had to evolve and change as well. On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with Mike Katz, the President of Marketing, Innovation, and Experience for T-Mobile. Hear as they discuss the changing environment of mobile technology, the great impact 4G had on our world, the future of 5G, and much, much more.
Topics Include:
00:00 – Welcome, Mike Katz
01:46 – Mike’s road through T-Mobile
02:40 – From entry level to President
04:19 – Taking risks in your career
05:52 – The importance of ‘getting stuff done’
07:48 – The changing environment of mobile technology
08:22 – Impact of the 4G era
09:40 – The 5G platform
10:53 – The need for more powerful networks
13:24 – Differences between major carriers
16:44 – Merger between Sprint and T-Mobile
20:36 – Augmented reality devices
23:39 – The future of mobile hardware
26:16 – Supporting new technologies
30:55 – Improvements to battery
33:10 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jul 13, 2023
Thursday Jul 13, 2023
Jobs numbers took a slight dip but sectors such as the government, health care, and construction continue to grow, especially throughout the South. Gene Marks points to other reliable and interesting data from the Paychex/IHS Markit Small Business Employment Watch. Inflation looms with higher-than-desired interest rates, so Gene suggests planning for the next nine months. Also, the influx of artificial intelligence is getting out of hand. Ask hard questions and ask them of a human. Listen to the episode.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jul 11, 2023
Tuesday Jul 11, 2023
Ever wonder what the U.S. Securities and Exchange Commission (SEC) is and what it does? On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking to Amy Reischauer, Acting Deputy Director for the Office of the Advocate for Small Business Capital Formation at the SEC. Listen in to hear what this office is doing to help small businesses, how they work to protect investors, the education and resources they provide, and where the initial public offering market is headed, and much, much more. Whether you’re looking to raise capital now or sometime in the future, this is an episode you won’t want to miss.
Topics Include:
00:00 – Welcome, Amy Reischauer
01:03 – Introduction to Amy Reischauer’s position
03:16 – Educating business owners about the SEC
05:55 – When to get the SEC involved
07:17 – Raising capital with investors
08:04 – Resources through the SEC
09:59 – The most common way to bring on investors
11:31 –Where loans fall in terms of security
12:52 – The SEC’s mission
15:01 – SEC’s part in finding capital
15:57 – What else the SEC does
19:15 – Where the initial public offering market is going
22:09 – A challenging capital environment
23:45 – How the SEC helps women and minorities
25:20 – The Small Business Forum hosted by the SEC
28:23 – What businesses attend the forum
30:08 – The importance of this office
31:24 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas at payx.me/thrivetopics.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jul 06, 2023
Thursday Jul 06, 2023
On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with the National Director of the Local Initiatives Support Corporation (LISC) and the VP of Small Business and Economic Development Lending, Steve Hall, about grant programs and business financing. Hear what Steve had to say about the grant program with Kevin Hart’s tequila company Gran Coramino, what businesses need to know about financing in today’s economy, how to prepare when applying for grants, improving your eligibility, and much more.
Topics Include:
00:00 – Welcome, Steve Hall
01:11 – Introduction to LISC
02:47 – About the small business division
04:46 – Loans from the LISC
08:47 – Grant program with Kevin Hart
10:49 – Grant qualifications
13:22 – Improving eligibility
14:45 – What is needed for grant application
18:10 – The importance of budgets
21:35 – Customer challenges
23:33 – What education businesses need
28:18 – Offering below market rates
32:47 – Wrap Up
Learn more about finding the right financing for your business at www.paychex.com/worx/podcasts/business/business-financing-predictions.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jun 29, 2023
Thursday Jun 29, 2023
The American Dream is alive. However, 52% of successful entrepreneurs expressed that they don’t want their children inheriting their business. Gene Marks says running a business is hard and he shares insights on why the next generation should chase their own dreams. He also discusses what employers might have to offer to get people to return to the office and highlights why a new mandate for clean air has pizza shop owners in New York City all fired up. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jun 27, 2023
Tuesday Jun 27, 2023
On this episode of Paychex THRIVE, a Business Podcast, we’ve got economist and thought leader, Scott Galloway talking about his recent book, “Adrift: America in 100 Charts.” Hear as he talks with host Gene Marks about what he had to say about some of the key economic topics impacting business owners today, including the IRS, federal minimum wage, and wealth tax.
Topics Include:
00:00 – Welcome, Scott Galloway
0048 – Introduction to “Adrift: America in 100 Charts”
06:51 – An overwhelmed IRS
08:56 – A complex tax code
14:30 – Progress in the private sector
20:34 – Federal minimum wage
24:52 – Local vs. National
27:28 – One-time wealth tax
36:40 – Wrap up
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jun 22, 2023
Thursday Jun 22, 2023
The House of Representatives is actively proposing legislation regarding expiring tax credits and other areas, and although they have little chance of passing the Senate, Gene Marks offers some insight about how the stage is being set for the 2024 elections. Inflation seems to be in check but that hasn’t stopped businesses from struggling with the high price of goods to the point that it is impacting startups and people’s ability to get financial backing for their startups. Listen to this week’s podcast for more.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jun 20, 2023
Tuesday Jun 20, 2023
As artificial intelligence (AI) becomes increasingly prevalent throughout our world, business owners are wondering how it fits into their world. On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with Chief Futurist at ARK Investment Management, Brett Winton about what he’s seeing in the AI front. Hear what he had to say about everything from how AI is changing software, the future of the metaverse, investing in disruptive challenges, incorporating AI into your company, and more.
Topics Include:
00:00 – Welcome, Brett Winton
00:44 – Introduction to ARK Investment Management
02:25 – What is a Chief Futurist?
03:58 – The future of the metaverse
07:14 – How AI will change software
08:00 – When businesses embrace AI
13:19 – Companies working on AI and robots
16:37 – The concern with hardware challenges
21:33 – ChatGPT vs. Auto-GPT
24:06 – Investing in disruptive technologies
28:28 – Incorporating AI into your company
32:42 – How to keep up on all things AI
36:10 – Wrap up
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jun 15, 2023
Thursday Jun 15, 2023
As the U.S. Department of Labor delays the announcement of OT Rule, speculation begins on what the salary threshold will be. Some hint it could go as high as $80,000, but Gene Marks suggests that $60K seems more likely. Speaking of change, if pen doesn’t hit paper to resolve the writers’ strike, small businesses that rely on those people working to make a living will take the biggest hit, which other small businesses did when two key tax credits weren’t renewed. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jun 13, 2023
Tuesday Jun 13, 2023
Congresswoman Stephanie Bice from Oklahoma and Congresswoman Chrissy Houlahan from Pennsylvania are part of a bipartisan group working towards the creation of a federal paid family leave. Take a listen as both Representatives talk with host Gene Marks about how they are approaching this initiative, where the money may come from to support it, how they would help business owners, and more.
Topics Include:
00:00 – Welcome, Rep. Houlahan and Rep. Bice
00:51 – A bipartisan paid family leave working group
02:58 – The personal interest in paid family leave
04:21 – A focus on FMLA
05:47 – A national vs. state policy
07:35 – A comparison to other nations
09:41 – How paid family leave may be paid for
11:35 – The cultural influence of family medical leave
13:16 – How to support business owners
14:42 – Who would carry out this law
17:54 – Providing flexibility in the workplace
19:29 – Where does the initiative go next?
22:33 – Wrap up
Learn about the Family and Medical Leave Act (FMLA) at www.paychex.com/articles/human-resources/fmla-faq.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jun 08, 2023
Thursday Jun 08, 2023
Nearly 340,000 jobs added in May in the United States and another 10.1 million job openings reported. If people want to work, the jobs are there, especially in service industry such as leisure and hospitality. Gene Marks suggests businesses be ready to offer competitive salaries and the right benefits to land employees. However, some small businesses indicated using AI to reduce the workforce (and payroll), so stay on top of that trend. Also trending; commercial real estate spending. So, Gene says: Follow the money. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jun 06, 2023
Tuesday Jun 06, 2023
Queen Latifah – you know her as a recording artist, actress, producer, label president, and entrepreneur, but did you know all that she’s doing to support business owners? On this episode of Paychex THRIVE, a Business Podcast, Gene Marks is talking to the Queen herself about her Lenovo “Evolve Small” campaign and how it’s supporting small businesses. Listen in to also hear her talk about the importance of prioritizing yourself, finding inspiration and positivity, why women need to each other, and much more.
Topics Include:
00:00 – Welcome, Queen Latifah
01:22 – Lenovo “Evolve Small” campaign
03:51 – Women business owners by the numbers
05:47 – The need to support women business owners
08:04 – Importance of women-owned businesses
09:32 – Prioritizing yourself
10:21 – Overcoming self-doubt and insecurity
11:09 – Women supporting women
13:03 – The need to encourage yourself
13:38 – Finding inspiration and positivity
15:08 – Advice on body image for women
20:15 – Maintaining fearlessness and pushing through
22:03 – it’s time to do better
24:29 – Supporting change for women
25:45 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jun 01, 2023
Thursday Jun 01, 2023
There’s funding still available for businesses to help them recover from pandemic-related challenges, from Maine to the federal government, and Gene Marks says small businesses need to take advantage. As tweaks are being requested for SECURE 2.0, Gene also suggests businesses not let the opportunity pass to strengthen their workplace retirement benefits. And fueling the remote work debate is an NYU professor who says that Gen Z must get back to the office if it ever wants to see any financial growth. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Wednesday May 31, 2023
Wednesday May 31, 2023
When it comes to labor and the workplace, what is the difference between rules and laws? And what topics are top-of-mind within Washington, D.C.? Find out on this episode of Paychex THRIVE, a Business Podcast, as host Gene Marks talks with Labor and Employment Reporter for the Bloomberg Industry Group, Diego Areas Munhoz. Hear about where some of the key labor rules stand, including those on worker classification, overtime, minimum wage, and more.
Topics Include:
00:00 – Welcome, Diego Munhoz
0:2:33 – Covering workplace and labor
03:41 – Impact of a new Secretary of Labor
06:11 – Rules vs. laws
07:44 – Status of worker classification rule
10:45 – Debate on worker classification
14:38 – Risk of impending lawsuits
15:49 – Changes to overtime rules
17:58 – Phased changes to threshold
20:25 – Outlook on minimum wage increase
22:43 – Thoughts on national minimum wage
26:02 – Mandated vacation rules
27:49 – Focus on paid leave
29:28 – Wrap up
Learn more about the proposed worker classification rule at www.paychex.com/articles/compliance/dol-independent-contractor-rule.
Find out what you need to know about overtime at www.paychex.com/articles/compliance/flsa-new-overtime-rule.
Find out the impact raising minimum wage could have on small businesses at www.paychex.com/articles/human-resources/raising-minimum-wage.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday May 25, 2023
Thursday May 25, 2023
The tax deduction that pass-through businesses have been enjoying is set to expire in 2025, but Congress is proposing it become permanent. Gene Marks comments on the significance of that 20% deduction, as well as gives a thumbs-down to the DOL for trying to curtail independent contractors, of which 80% surveyed said they felt more economically secure with multiple sources of income. Marks also looks at a potential ban on fees for customers in North Carolina paying cash. Listen to the episode.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday May 23, 2023
Tuesday May 23, 2023
Over the past several years, we have seen mental health stigma disintegrate on a social front. Now, it's your job as an employer to help break down the stigma of mental health in the workplace to better support your employees. Listen as host Gene Marks talks with the CEO of Talkspace, Jon Cohen about the importance of talking about mental health, how essential mental health benefits are for your company, what Talkspace offers, and much, much more.
Topics Include:
00:00 – Welcome Jon Cohen
02:24 – Introduction to Talkspace
04:07 – The acceleration of telehealth
06:59 – Talking about mental health
09:06 – Different mental health focuses
10:14 – The importance of talking
11:10 – How businesses use Talkspace
12:30 – The impact of employee health
12:55 – Mental health benefits are essential
13:46 – How services like Talkspace work
14:50 – Matching people with therapists
16:58 – Who is providing therapy services
18:00 – State licensure requirements
20:12 – Privacy policies
24:41 – Does Talkspace prescribe medications?
25:43 – How to provide mentally healthy workspaces
29:21 – Wrap up
*80-90% of employer-client Talkspace members stick with their first matched therapist.
Learn more about the effects of mental health in the workplace at www.paychex.com/articles/human-resources/workplace-mental-health-effects.
Get more resources you need to support employee mental health at www.paychex.com/worx/employee-mental-health.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday May 18, 2023
Thursday May 18, 2023
It took the ever-changing tech world just a few years to realize that an entire remote work force tamps down what makes tech work best. Now, they want changes, and according to Gene Marks, more creativity is the reason. Gene also is a proponent of states such as North Carolina considering legislation that incentivizes work by waiving state taxes on overtime, and why the Small Business Reorganization Act can be a lifeline for qualified businesses in debt. Listen to this week’s episode.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday May 16, 2023
Tuesday May 16, 2023
Diversity, equity, and inclusion (DEI) is no longer a nice to have, it’s essential to creating a successful business with value. Tune in to hear Gene Marks, host of Paychex THRIVE, a Business Podcast, talk with Executive Editor of Inclusion Instinct, LLC and former Chief People and Inclusion Officer of the NBA, Oris Stuart talk about creating a path a DEI path for your company. Listen as they talk about tapping into the right talent pools, communicating your DEI goals organization-wide, the importance of being patient throughout the journey, and much more.
Topics Include:
00:00 – Welcome, Oris Stuart
01:48 – Introduction to Inclusion Instinct
02:37 – How to diversify your company
04:29 – Having a rationale for diversification
05:43 – Creating meaning for diversity, equity, and inclusion (DEI)
06:41 – Financial benefits for DEI
08:27 – Creating a DEI plan
11:37 – U.S. Equal Employment Opportunity Commission
14:36 – The long-term goal of DEI
16:31 – Having thoughtful conversations about DEI
17:36 – How to find more diverse employees
21:45 – Having patience throughout the process
24:49 – Background qualifications
28:11 – Diversity evolution
30:16 – Wrap up
Find great diversity, equity, and inclusion resources on our DEI Resource Center at www.paychex.com/worx/workplace-inclusion-and-diversity.
Watch our webinar on the importance of leader training to DEI success at www.paychex.com/worx/webinar/leader-training-dei-success.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday May 11, 2023
Thursday May 11, 2023
Generation Z continues to enter the workforce in droves — where, doing what, and for how much? A Paychex special report analyzed the data to answer these questions and Gene Marks shares his own insights on the impact. Plus, job numbers exceed expectations, and every business will be in the mix to hire the right talent. And what is one Florida restaurant thinking by tacking on a huge service fee to their customers’ bill? Listen to this week’s episode.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday May 09, 2023
Tuesday May 09, 2023
With the recent bank failures, many people and businesses throughout the U.S. are wondering what the future may hold for the banking industry. That’s why we’re talking with Sayee Srinivasan, Chief Economist and Head of Research for the American Bankers Association. Hear what he had to say about the state of the banking sector, the importance of micro vs. macro trends, why businesses should build a relationship with their bank, FDIC coverage, and much more.
Topics Include:
00:00 – Welcome, Sayee Srinivasan
00:58 – Introduction to the American Bankers Association
05:25 – The economy based on banking data
07:39 – Micro vs macro trends
09:27 – Should we be worried about the banks?
11:08 – The state of the banking system
12:11 – Building a relationship with your bank
14:32 – Questions you should be asking
16:32 – Regulatory requirements
17:56 – Finding data on banks
19:12 – FDIC coverage
23:14 – Competitive non-bank entities
26:19 – Interest rate outlook
30:53 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas at https://pages.paychex.com/business-podcast-requests.html.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday May 04, 2023
Thursday May 04, 2023
Government agencies and state governments have artificial intelligence on the radar, making noise about regulations to protect the American public especially regarding potential discrimination around lending and housing. Gene Marks also shares insights on which states, according to recent reports, are tough to start a business or hire employees. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday May 02, 2023
Tuesday May 02, 2023
When it comes to operations management, finding the right CRM platform is essential for businesses, especially those in the home services industry. That’s why CEO Sam Pillar co-founded the Jobber platform, to help them with organization, scheduling, invoicing, and more. Tune in to this episode of Paychex THRIVE, a Business Podcast, to hear what Sam had to say about how Jobber came to be, the user experience, and how it’s changing the industry for the better.
Topics Include:
00:00 – Welcome, Sam Pillar
02:14 – Background in CRM software
04:32 – Introduction to Jobber
08:21 – The impact of the past year
09:11 – How Jobber raised capital
11:06 – A product for the home services category
13:12 – Transforming the home services category
15:06 – An operations management program
17:23 – How Jobber is changing these businesses
20:43 – The implementation model
22:03 – User experience
24:06 – Customization and software integrations
27:03 – Getting up and running with Jobber
28:12 – The generational transition of business owners
29:29 – An entrepreneurship opportunity
30:53 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas at https://pages.paychex.com/business-podcast-requests.html.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Apr 27, 2023
Thursday Apr 27, 2023
As unemployment numbers go up amid layoffs by large companies, small businesses might be the beneficiary of a growing talent pool. One bit of good news is a Pew study that shows a rise in private-sector retirement plans offered by businesses in states that mandate workplace retirement plans. Gene Marks shares his thoughts on the benefits of proposed federal pay transparency legislation and wonders whether grants and monetary perks will bring businesses back to metropolitan U.S. cities. Listen to the episode.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Apr 25, 2023
Tuesday Apr 25, 2023
With the changing U.S. economy that includes a tumultuous banking system, rising interest rates, and inflated pricing, comes a changing consumer, one that is willing to push back on companies. Take a listen to hear from the Executive Editor of Yahoo! Finance, Brian Sozzi as he talks about just this with host of Paychex THRIVE, a Business Podcast, Gene Marks.
Topics Include
00:00 – Welcome, Brian Sozzi
01:14 – Brian’s background
03:51 – Executive Editor at Yahoo! Finance
06:03 – A bit about Yahoo! Finance
09:35 – The state of banking in the U.S.
11:53 – Rising interest rates
13:02 – Impact on business hiring
15:42 – Inflated pricing
17:41 – The changing U.S. consumer
19:57 – Real estate challenges
22:24 – Artificial intelligence (AI) and productivity
24:13 – Is AI the solution for all companies?
25:55 – Where should you invest your money?
27:28 – Wrap up
Learn how to enhance the customer experience with ChatGPT at www.paychex.com/worx/podcasts/business/chatgpt-ai-technology.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Monday Apr 24, 2023
Monday Apr 24, 2023
Healthcare benefits are an important part of your ability to attract and retain talent which is why it’s so important to choose your offerings based on what best fits your employees and your business. On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with Shane Foss, Founder and CEO of Hooray Health, a platform that provides unique healthcare services for businesses and individuals. Hear what Shane had to say about how businesses can help employees not overpay for healthcare, the importance of offering telehealth services, the increasing costs of healthcare, and more.
Topics Include:
00:00 – Welcome, Shane Foss
00:36 – Introduction to Hooray Health
04:26 – How Hooray Health minimizes out of pocket costs
07:10 – Covering basic, urgent health needs
09:47 – Who covers the cost of Hooray Health
10:20 – Helping employees not overpaying for healthcare
12:58 – Hooray Health network
14:19 – The importance of telehealth services
16:56 – Mental health and counseling services
18:03 – Health savings account plans
20:01 – Increasing costs of healthcare
22:24 – Hooray Health as a primary health benefit
28:26 – Wrap up
Read about employee benefits trends of 2023
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Apr 20, 2023
Thursday Apr 20, 2023
Access to funds is becoming an issue for small businesses, whether it’s a cash flow shortage or high interest rates for loans. Even mass transit systems in some major cities are finding themselves millions of dollars short, but that’s because fare evasion. A study found that 26% of businesses interviewed have only enough funds to stay open 60 days if their cash flow dried up. Gene Marks offers insights on this challenge, plus he takes a look at how the IRS funding could further hamper small businesses. Listen to this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Apr 13, 2023
Thursday Apr 13, 2023
While a report from the Brookings Institution reveals that Americans have shaved a little more than a half hour from their average work week, other news indicates that the work is still getting done. The Services industry continues to expand and employment ticks up, especially in the South. Gene Marks shares insights on why working less and getting more done is a positive trend, as well as who is actually doing the work. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Apr 11, 2023
Tuesday Apr 11, 2023
As a Senator for the state of Wisconsin, Ron Johnson knows the enormous impact the government can have on our economy, our businesses, and our lives. That’s why he is working to ensure that there’s more transparency within government. Listen in has Senator Johnson talks with host, Gene Marks about what he’s doing to help businesses, including his work on the Guidance Out of Darkness (GOOD) Act, his thoughts on independent contractor classification, the complexity of our tax code, and much more.
Topics Include:
00:00 – Welcome, Ron Johnson
00:46 – Guidance Out of Darkness (GOOD) Act
02:56 – Cost of complying with government regulations
03:38 – How business owners find guidance today
04:35 – Who supports the GOOD Act?
06:10 – Independent contractor classification
08:08 – What could happen with reclassification ruling?
08:51 – New IRS commissioner, Danny Werfel
09:29 – Possible increase in IRS audits
10:16 – Complexity of our tax code
13:27 – IRS Accountability Act
14:05 – Transparency in government
15:08 – Prevent Government Shutdowns Act
18:53 – The national debt and increasing interest rates
19:56 – Corporate tax rate
22:08 – Senator Johnson on Senate Finance Committee
24:26 – The Senator’s ideal way to handle taxes
28:15 – Wrap up
Learn more about the proposed worker classification rule at www.paychex.com/articles/compliance/dol-independent-contractor-rule.
Find out how the Inflation Reduction Act is increasing IRS audits and enforcement at www.paychex.com/articles/compliance/inflation-reduction-act.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Apr 06, 2023
Thursday Apr 06, 2023
New federal support is available for women-owned small businesses, as they comprise nearly half of all businesses launched in 2021 and face unique obstacles. Also, according to a new survey from the U.S. Chamber of Commerce, around half of small business owners rate their access to capital or loans as good. That’s lower than in recent years, and Gene Marks has some thoughts on why. And some of the country’s top minds have thoughts on that open-source chatbot AI, ChatGPT, calling for a pause on its development.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.