THRIVE, a Paychex Business Podcast
How the Second Stimulus Bill is Providing Tax Benefits for All Businesses

How the Second Stimulus Bill is Providing Tax Benefits for All Businesses

January 27, 2021

Whether you have been impacted by COVID-19 or not, the new stimulus bill has some tax benefits that may help your business. In this episode of the Paychex Business Series podcast, host Gene Marks and guest Andy Gargana, Senior Federal Compliance Analyst at Paychex, are digging into these benefits. Hear as they talk about deferred taxes, tax credit for the Families First Coronavirus Relief Act (FFCRA), the different types of employment tax credits available, as well as the tax benefit if you lost money in 2020, 2019, or 2018.

Learn more about the recent stimulus bill by reading, “Nearly $900B Relief Act Becomes Law, Includes Funds for Second Round of Paycheck Protection Program Loans.”

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.

Everything You Need to Know About the Employee Retention Tax Credit (ERTC)

Everything You Need to Know About the Employee Retention Tax Credit (ERTC)

January 26, 2021

On December 27, 2020, the new COVID-19 fiscal relief package was signed into law. One of the significant changes that came with this second stimulus bill is to the Employee Retention Tax Credit (ERTC). In this episode, Gene Marks is talking with Stephen Dombroski, Senior Compliance Manger at Paychex. Hear everything you need to know about the ERTC, including what it is, who’s eligible, and how to claim it.

Learn more about the recent stimulus bill by reading,Nearly $900B Relief Act Becomes Law, Includes Funds for Second Round of Paycheck Protection Program Loans.”

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.

How the New Stimulus Bill is Helping Businesses in the Arts Industry

How the New Stimulus Bill is Helping Businesses in the Arts Industry

January 25, 2021

The new Stimulus Bill includes a grant program dedicated to businesses in the arts industry that have been hit hard during the COVID-19 pandemic. With the Shuttered Venue Operator (SVO) Grant Program, $15 billion in grants have been dedicated to helping live venues that have seen a 25% or greater loss in revenue in 2020. Hear what Thad Inge, Senior Manager of Government Relations at Paychex, has to say about the requirements of this new grant, who qualifies, and more.

Learn more about the U.S. Small Business Administration’s Shuttered Venue Operator Grant Program.

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.

How This New Round of Paycheck Protection Program (PPP) Loans is Helping Businesses in Underserved Areas

How This New Round of Paycheck Protection Program (PPP) Loans is Helping Businesses in Underserved Areas

January 25, 2021

The new Stimulus Bill has brought more loans and grants for businesses in the U.S. But did you know that your address could help you during this process? When looking back at the data from last round of Paycheck Protection Program (PPP) loans, many businesses in low- and moderate-income (LMI) areas were overlooked. Listen in as Thad Inge, Senior Manager of Government Relations, talks with Gene Marks about how the new PPP is focusing on businesses in underserved areas.

Visit our website to learn more about the Paychex Protection Program and how businesses can qualify for a second round.

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.

Round Two of the Stimulus Bill and the Economic Injury Disaster Loans (EIDL) Are Getting Money Out to Businesses Quickly

Round Two of the Stimulus Bill and the Economic Injury Disaster Loans (EIDL) Are Getting Money Out to Businesses Quickly

January 22, 2021

In the most recent Stimulus Bill, $20 billion is set to fund the Economic Injury Disaster Loans (EIDL), providing businesses with two options: apply for up to two million dollars with a 30-year maturity, and/or apply for a grant that is $1,000 per employee, up to $10,000. Find out more details on the EIDL and what it means for your business as host Gene Marks talks with Thad Inge, Senior Manager of Government Relations at Paychex.

To apply for an EIDL loan or grant, visit sba.gov.    

Visit our website for additional resources on the fiscal relief package.    

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.

A Second PPP is Here – Get the Facts and Guidance You Need

A Second PPP is Here – Get the Facts and Guidance You Need

January 22, 2021

With the latest Stimulus Bill came a new round of Paycheck Protection Program (PPP), including opportunities for a second draw. Tune in as Gene Marks talks with Connor Mykins, compliance expert at Paychex, as they discuss key takeaways from this more targeted program, including another round of loans, required documentation, approved expenses, and loan forgiveness.

Visit our website to learn more about the Paychex Protection Program and how businesses can qualify for a second round.

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.

Why Creating Diversity in the Workplace is Worth the Effort

Why Creating Diversity in the Workplace is Worth the Effort

January 19, 2021

According to Sarah Morgan, CEO of BuzzaRooney, LLC, organizations who focus on diversity alongside equity and inclusion, are far more successful than organizations that don’t. In this episode, Sarah talks with Gene Marks about the importance of representing the community you live in and the clients you are seeking in the workplace in order to help break down barriers. Hear as she talks about why it’s so important to make a conscious effort to diversify your business, organizations you can partner with to help in your search, and more.

To understand more about diversity and inclusion, read our article “Diversity and Inclusion in the Workplace.”

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.

 

Managing the Future of a Successful 150 Year Old Family-Owned Business

Managing the Future of a Successful 150 Year Old Family-Owned Business

January 12, 2021

Founded in 1870, Graeter’s Ice Cream is on it’s fourth generation of family ownership. President and CEO of Graeter’s, Richard Graeter, knows that when it comes to running a business, innovation is important to keep up with the times. He also knows that while looking towards the future, it is important to honor the past and what has made them successful. In this episode, Richard talks with host Gene Marks about why they choose to continue using the slower, labor-intensive process of ice cream-making that his great-grandmother used 150 years ago and how that has helped differentiate them, the importance of trust in the transition of a family-owned business from one generation to another, the benefit of bringing on non-family talent, and more.

For more tips and insights on how to avoid conflict in a family business, read our article, “Managing Family Business Conflicts for the Good of the Company.”

Looking for ways to get back to business during COVID-19? Download our whitepaper, “Peer Insights to Help SMBs Get Back to 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.

 

Adapting As We Go – The Story Of GOOD PLANeT FOODS During COVID-19

Adapting As We Go – The Story Of GOOD PLANeT FOODS During COVID-19

January 5, 2021

Bart Adlam joined on as co-CEO of GOOD PLANeT FOODS in the midst of a global pandemic. With just three months under his belt as a partner in this plant-based products company, Bart shares with host Gene Marks his experience growing a business during 2020. Listen in as he talks about the food service business, running a business from home, the importance of not waiting for things to change, expanding internationally, and managing expectations as a new partner.

Looking for ways to get back to business during COVID-19? Download our whitepaper, “Peer Insights to Help SMBs Get Back to 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.