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
Thursday Mar 07, 2024
Thursday Mar 07, 2024
As the economy moderates, so too is job growth. Gene Marks offers some insights as to what the data from the latest Paychex Small Business Employment Watch is showing business owners. Fast-food restaurant chain Wendy’s announced the testing of dynamic pricing and customers weren’t happy, so Wendy’s flipped. Is dynamic pricing the future pricing model? How do you feel about a personal escort while shopping? One hardware store owner floated the approach to combat the spike in shoplifting, but Gene says there might be hidden costs. 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 Mar 05, 2024
Tuesday Mar 05, 2024
Business owners cannot wait until AI is full-proof or they will be out of business, according to longtime technology journalist, author, and business owner Kara Swisher. Businesses need to get comfortable with what AI is doing now and can do for them, and then be adaptable as it changes. Swisher speaks with host Gene Marks on Paychex THRIVE, a Business Podcast, about the ever-changing business-tech landscape, including why AI is a tool and should be treated as such, how some social platforms are better than others for digital ad ROI, why security is almost nonexistent and the government allowed it, and much more.
Topics Include:
00:00: Episode Preview
01:32: Introduction to Kara Swisher
03:10: Discussion about Kara's new book on tech
07:24: Transition from being a journalist to a business owner
09:55: Insights on contracts and work relationships
11:01: Marketing insights on social media
21:26: Tech is a tool and still adapting
24:39: Security and privacy in tech
26:13: Need for stricter data regulation
28:00: Discussion on Augmented and Virtual Reality devices
32:01: Why Climate Change Tech would be a good job
34:38: Wrap-up and thank you
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 Feb 29, 2024
Thursday Feb 29, 2024
A recent survey finds that while the majority of small business owners are in favor of a minimum wage hike, half of respondents also feel that an increase would negatively impact their businesses. Host Gene Marks understands this paradox and explains why business owners would have these contradictory opinions. Gene also touches on the new workplace phenomenon called coffee badging and why one CEO isn’t opposed to this practice, as well as a new editorial in the Wall Street Journal that cautions against the slippery slope of new unrealized gains taxes 10 states are currently flirting with. 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 Feb 27, 2024
Tuesday Feb 27, 2024
Claire Jarrett is a businesswoman, author, and expert on digital marketing, and she says that data tracking is crucial to understanding how to craft your online ads, messaging, and campaigns. Gene Marks chats with Jarrett on Paychex THRIVE, a Business Podcast, about keywords, industry tools, consumer behavior, the shift on cookie tracking, and much more, and shares insights and ad-building tips that could help your business achieve success with its digital marketing efforts.
Topics Include:
00:00: Episode Preview
01:08: Introduction of Claire Jarrett
02:37: Impact of change with cookies and tracking
05:39: Difference between advertising on Google and YouTube
07:27: Advice on tools to help create ads
09:27: What is a keyword and a negative keyword?
11:47: Behavior and why consumers click on ads
13:30: Tips on writing an effective digital ad
14:43: Different types of digital ads
15:38: What is a retargeting campaign?
17:35: What makes a good landing page?
19:27: Why testing ads is important
21:09: Verifying data through independent tracking
26:27: Jarrett Digital’s approach to clients and consulting
28:24: Impact of AI on future of digital marketing
30:00: Identifying the perfect client?
31:00: Wrap up and thank you
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 Feb 22, 2024
Thursday Feb 22, 2024
A new law takes effect in New York state that requires businesses to be transparent about credit card surcharges while also capping what businesses can charge patrons who use credit cards. Host Gene Marks says he favors this approach and shares insights on this and a few other news items, including the potential expansion of Paid Family Medical Leave in New Jersey and Pennsylvania to include small businesses, and the push for the creation of emergency savings accounts for employees. There are a lot of complexities being created and Gene explains why. 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 Feb 20, 2024
Tuesday Feb 20, 2024
In today’s ever-changing business landscape, understanding the economy, national debt, and their impact on your trade is a crucial tool. On this episode of Paychex THRIVE, former Federal Reserve economist, Bloomberg columnist, and founder of Sahm Consulting, Claudia Sahm, offers valuable insights to help listeners navigate the complexities of the U.S. economy. She discusses its key aspects, ranging from the role of treasury securities and national debt to the impact of fiscal policies on national economic health. Learn about the unique credibility of U.S. debt securities and how international demand for these assets bolsters the nation's ability to manage its rising national debt sustainably.
Topics include:
00:00 – Welcome Claudia Sahm
01:14 – Introduction to Claudia Sahm's background and work history
03:14 – Discussion on the U.S. economy and national debt
04:36 – Importance of focusing on tax and spend policies
06:58 – Claudia’s perspective on the sustainability of government deficit
09:13 – Considerations for future economic policies
11:31 – Discussion on the size of the federal government as it relates to the national debt
13:03 – Importance of reliable government data
14:02 – Claudia’s advice on utilizing data in decision-making
16:02 – Importance of regional and industry-specific data
17:31 – Key metrics to track for understanding the economy
19:15 – The influence of the labor market and consumer spending on the economy
20:25 – Weighing government data against private sector data
21:20 – Discussion on data sources
23:50 – Economic forecast for the near future
28:41 – Influence of presidential elections on the economy
32:23 – 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 Feb 15, 2024
Thursday Feb 15, 2024
Unless you’re Taylor Swift, working for Taylor Swift, or dating Taylor Swift, your business might not be doing as well in the marketplace. At least that’s what recent numbers show, with job vacancies open but 14% of small-business owners indicating they aren’t hiring over the next three months. Gene Marks takes a look at a recent report, plus shares some poor productivity numbers following the Super Bowl and the astronomical economic impact you could experience if you hitch your business in any way shape or form to Taylor Swift’s concerts or her favorite NFL team. 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 Feb 13, 2024
Tuesday Feb 13, 2024
Businesses in New York state and New York City have tremendous opportunities presented through Empire State Development, the economic development arm of state government that provides support to small businesses and helps implement initiatives. President and CEO Hope Knight chats with host Gene Marks on Paychex THRIVE, a Business Podcast, about how the funding works for training and workforce development, available tax credits, and the push for film industry and biotech industry advancements in the state.
Topics Include:
00:00: Opening
01:06: Introduction of Hope Knight, CEO of Empire State Development
02:48: What is Empire State Development
04:17: Programs available for small businesses through ESD
05:01: What is the State Small Business Credit Initiative
07:22: Where is the focus of ESD funding
10:25: What industries is ESD focused on for funding and workforce development
14:13: How funding flows to programs that provide training and distribute funds
17:33: Benefits to hiring the formerly incarcerated
22:14: Available tax credits for hiring formerly incarcerated
24:09: Specific programs aimed at film industry in New York City
25:33: Opportunities around biotech industry in central New York
26:48: Wrap-up and thank you
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 Feb 08, 2024
Thursday Feb 08, 2024
Data from the Paychex Small Business Employment Watch shows job growth continues strong and hourly wage growth is also up. Gene Marks shares insights on how employers can use this data to their advantage. Legislation to extend the research and development tax credit at the expense of the employee retention credit passes one chamber of Congress. The SBA rebrands a crucial program to make it more accessible, including adding training that might boost the percentage of businesses that successfully obtained a federal contract and a key revenue source beyond the 60% from 2023. Listen to the 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 Feb 06, 2024
Tuesday Feb 06, 2024
TV celebrity of “Restaurant: Impossible” and restaurateur Robert Irvine has a new book out titled, “Overcoming Impossible” that says that it doesn’t matter who you are or where you come from, success is attainable. He shares insights with host Gene Marks about finding and hiring the right people, leading those people, taking calculated risks, and listening to new ideas. He also says you need a system, that system should have rules, and don’t be afraid to fail. Listen to the Paychex THRIVE podcast to hear what other advice he has and why he travels 345 days a year to make it all work.
Topics Include:
00:00: Introduction
01:22: Defining impossible
04:47: Hiring and working with younger generations
08:47: Listening and taking suggestions in a business
09:31: Dealing with employee turnover
13:48: Learning from failure with analytics
16:59: What work-life balance?
21:07: Where Irvine came from and why he gives back
22:12: Understanding different work ethics
24:12: Risk-taking and believing in yourself
29:53: P&L and ROI in the restaurant industry
34:28: Leadership in business
37:04: Wrap-up and thank you
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 Feb 01, 2024
Thursday Feb 01, 2024
One recent study shows that full potential productivity gains through the use of generative artificial intelligence might be six to 10 years away. A different study at MIT revealed that in for certain aspects of work, only in a quarter of the jobs – 25 % - did it make financial sense to use AI. The numbers weren’t tipping favorably toward AI, but Gene Marks says these are the early days of understanding what AI can do and talks about his experience with one such AI tool. Listen to the Paychex THRIVE Week in Review 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 Jan 30, 2024
Tuesday Jan 30, 2024
The HVAC industry faces challenges on several fronts, from recruitment and retention in a tight labor market to an endless stream of regulations from federal and state agencies. CEO Talbot Gee of HARDI – the Heating, Air Conditioning, and Refrigeration Distributors International – works with his association to help implement training programs, communicate the requirements mandated by regulations, and data technology to that enhance inventory management and the understanding of space allocation for members of the wholesale distribution association. Gee speaks with Gene Marks on the Paychex THRIVE podcast on these topics and much more.
Topics Include:
00:00: Introduction
01:17: Welcome guest Talbot Gee
01:55: HARDI and the purpose of the association
05:19: Workforce development; recruitment and retention challenges
10:01: Using data and technology to maximize space and scale operations
12:30: Training in trade schools and promotion of trades
15:30: Where to find labor
17:44: Impact of home sales, new construction on industry
21:15: Impact of tighter lending practices, inflation on inventory
26:07: Navigating regulatory changes and industry challenges
30:59: Opportunities in HVAC industry
34:01: Wrap-up and thank you
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 Jan 25, 2024
Thursday Jan 25, 2024
If you’re running a business, a herring fisherman baited the hook with a case now before the Supreme Court that might limit a federal agency’s power to expand on a ruling to further regulate your business. Gene Marks says this could make many businesses happy, maybe as happy as the news that the American consumers are upbeat about the economy and continuing to spend. Gene Marks shares some insights on the news, including the benefits employers are finding with an older workforce. 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 Jan 23, 2024
Tuesday Jan 23, 2024
Retired Army Gen. Stanley McChrystal says at the core of good leadership is communication and clear direction, whether commanding troops in battle or leading your team on a business project. He speaks with host Gene Marks on the Paychex THRIVE podcast about good leadership qualities such as self-discipline, adjusting your approach as you gain more experience, getting your hands in the mix regardless of title, and surrounding yourself with people whose skillsets and thought processes augment yours – not duplicate them.
Topics Include:
00:00: Opening quote on leadership
01:01: Introduction of General Stanley McChrystal
02:19: Discussion on leadership
08:05: How do age and experiences impact leadership
11:37: Building a team around a good leader
16:02: Demonstrating leadership through actions
20:48: Comparison of running a military outfit vs. a civilian business
21:43: Setting clear standards and expectations in business
24:15: The importance of transparent communication
25:22: Lessons learned and appreciating successes
26:14: Implementation of effective training
27:44: Identifying key influencers and driving changes
30:39: 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 Jan 18, 2024
Thursday Jan 18, 2024
With the release of the Final Rule on Employee or Independent Contractor Classification by the U.S. Department of Labor, businesses will have to audit their workforce to determine if individuals are classified properly under the Fair Labor Standards Act. The rule takes effect March 11, 2024, unless it is challenged in court and enjoined. Gene Marks explains the six factors businesses have to consider when analyzing a worker’s classification, and why the financial stakes are so high if improperly done. Listen to the Paychex THRIVE Week in Review 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 Jan 16, 2024
Tuesday Jan 16, 2024
Digital technology that gave us texting hasn't devalued phone conversations, which are a treasure trove of insights that can help boost a company's lead generation and growth. Ryan Johnson, the Chief Product Officer at CallRail, tells Paychex THRIVE podcast host Gene Marks that businesses relying heavily on phone calls for lead generation can maximize their marketing efforts with the granular details his company can obtain from their AI-powered lead intelligence platform. It can integrate with other systems to provide instantaneous information about the client beyond their name, including where they are calling from, keywords from the conversation that can assist in auto-qualifying a lead, and much more.
Topics Include:
00:00: Introduction and welcome Ryan Johnson
01:48: What is CallRail?
02:00: What does CallRail technology do?
04:14: How CallRail technology integrates with other systems
00:05:10: Explanation on dynamic number insertion
00:08:00: Discussion on data capturing
00:09:22: Discussion on conversation intelligence
00:12:20: Application of conversation intelligence
00:16:42: Integration with CRM applications
00:18:00: Characterizing the ideal CallRail customer
00:19:53: Personal example of how CallRail can benefit businesses
00:21:10: Wrap-up and thanks to Ryan Johnson
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 Jan 11, 2024
Thursday Jan 11, 2024
For 33 consecutive months, the small business community has shown resiliency by adding jobs. Highlights from the Paychex Small Business Employment Watch includes data from the region and major metros consistently leading the way. The federal government also released positive numbers on jobs, but primarily in only four industry sectors. Gene Marks shares what this might mean for businesses, as well as why employers should be prepared with another looming federal government shutdown. 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 Jan 09, 2024
Tuesday Jan 09, 2024
Gov. Phil Murphy of New Jersey has his sights set on making the Garden State the East Coast AI hub. Working with Princeton University, his administration is assembling a task force with people who can handle the tech side and the practical governance in hopes of using the results to improve the delivery of government services and more. Gov. Murphy also talks with host Gene Marks on the Paychex THRIVE podcast about how the Main Streets of New Jersey could get a boost from a change in the liquor license laws, plus how he is staunchly pro-organized labor in rebuilding the middle class and the economy.
Topics Include:
00:00 – Welcome, Gov. Phil Murphy
01:53 – Introduction to Murphy
02:34 – Discussing AI initiatives
04:13 – What is the AI task force and its scope
07:19 – Resources behind AI hub
10:53 – AI task force goals
17:18 – Updating the liquor license laws?
20:52 – What modern liquor license laws can accomplish
23:34 –Organized labor and small businesses in N.J.
24:11 – Support for unions and the potential impact
27:18 – 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.
Wednesday Jan 03, 2024
Wednesday Jan 03, 2024
People want an online experience where they can easily find what they’re looking for. Algolia provides the AI search tools to help businesses make their content or products more searchable. In fact, if Algolia was a public company, it would be the second-largest search engine in the world behind Google. Sean Mullaney is chief technology officer at Algolia and joins Gene Marks on Paychex THRIVE, a Business Podcast, to share what the company is all about and how they are integrating AI in their efforts to help businesses build better digital experiences for customers.
Topics Include:
00:00 – Welcome, Sean Mullaney
00:42 – Introduction to Sean Mullaney
01:29 – What does Algolia do?
03:36 – How e-commerce benefits from Algolia’s efforts
05:45 – AI and its use in enhancing searchability
10:11 – Bringing personal assistant-type experience to the web
13:50 – Leveraging technology, staying nimble can benefit small businesses
14:49 – 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 Dec 28, 2023
Thursday Dec 28, 2023
According to a recent worldwide survey, 25% of people are prepared to leave their current jobs, with better pay and perks topping the list of desires, and work-life balance valued, as well. Gene Marks shares some thoughts on this, as well as the apparent protest move of coffee badging, which should really make employers take a closer look at their office policies about remote work. The IRS is accepting the return wrongfully attained ERTC funds – and is throwing in a discount – and you’d be surprised what state one study found to be the hot spot for new businesses in 2024. 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 Dec 21, 2023
Thursday Dec 21, 2023
Despite disparity in the reporting of e-commerce sale figures, one thing is apparent: people are spending and the holiday shopping season is off to a good start. However, Gene Marks still has reservations on sustainability in 2024 because the GDP currently is being propped up by U.S. consumers. In other news, extensions are afloat, from a bill seeking to change the beneficial ownership information reporting deadlines to pushes by each party around R&D credits to child tax credits. Get more details in 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 Dec 19, 2023
Tuesday Dec 19, 2023
Rising to the C-Suite takes more than just an MBA. Host Gene Marks has a conversation with recently retired Paychex CFO and current senior advisor to the CEO, Efrain Rivera, about his interesting career path and the crucial aspects he sees as being essential in business. This episode of Paychex THRIVE, a Business Podcast, also shares insights on financial literacy, strategic decision-making, hiring, technology, professional relationship building, and more, and how leveraging that knowledge to create innovative solutions and strategic investments can promote a company’s overall growth.
Topics Include:
00:00 – Welcome, Efrain Rivera
00:56 – Introduction to Rivera
03:12 – Pivoting in your career
05:03 – The role and value of an MBA degree
09:27 – Challenges and decisions during major change
13:12 – Risk-taking vs. gambling in business
16:01 – Hiring for attitude not aptitude and the challenges
21:35 – How to motivate a team
24:09 – Discussion on current state of business
25:01 – Safe investments in present economy
30:02 – Balancing indicators from Wall Street and Main Street
31:38 – Small businesses in the current economic state
35:10 – What makes a potential startup appealing for investment
36:20 – Balancing an entrepreneur’s skill set
44:35 – 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 Dec 14, 2023
Thursday Dec 14, 2023
Unemployment has dropped, jobs are being added, but job openings are decreasing by millions. Gene Marks says this gives him reservation but also shares that small businesses have opportunities to add some quality talent. Also available for your business is a chance to lower taxes by using write-offs, paying bonuses, cleaning up the balance sheet. And have you heard of food digging? Gene shares insights on a new practice by some restaurants but he also has reservations. 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 Dec 12, 2023
Tuesday Dec 12, 2023
In an effort to combat illicit activities such as money laundering and terrorist funding, the Financial Crimes Enforcement Network (FinCEN), under the authority of the Corporate Transparency Act (CTA), will require businesses to report beneficial ownership information (BOI) starting in 2024. On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks speaks with Stephen Dombroski, a Senior Payroll Tax Manager in Compliance for Paychex, on compliance requirements, potential penalties for non-compliance, and what information is being requested, and the covered businesses expected to report under the CTA.
Topics Include:
00:00 – Welcome, Stephen Dombroski
00:29 – Introduction to Dombroski.
01:27 – What is the Corporate Transparency Act
03:10 – Which businesses does the act apply to
04:06 – What businesses are exempt from BOI reporting
06:17 – Resources to help with compliance
07:35 – What information has to be reported?
10:06 – Explanation of beneficial ownership
10:52 – Security of information being reported
11:49 – Deadlines for BOI reporting
15:26 – Penalties for non-compliance
21:34 – How Paychex can assist in reporting
22:29 – Wrap-up
Learn more about beneficial ownership information reporting at https://www.paychex.com/articles/compliance/beneficial-ownership-information-reporting.
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 Dec 08, 2023
Friday Dec 08, 2023
The University of Michigan’s monthly consumer sentiment survey shows a fourth straight decline, which has Gene Marks worried that, despite signs to the contrary, Americans might be slowing on their purchase of goods. Some businesses might be disproportionately disadvantaged if a proposed rule for banks creates a credit access issue. And the time might be right for smaller businesses to win the battle for labor, as 21% of all job openings in the U.S. are at businesses with 1 to 9 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 Dec 05, 2023
Tuesday Dec 05, 2023
In this episode of the Paychex THRIVE, a Business Podcast, host Gene Marks talks with Thea Ducrow, CEO of Creative AI Leadership Consulting, about the role of artificial intelligence (AI) in human resources (HR) for small businesses.
Learn about the advancement of AI applications, such as ChatGPT and how it can benefit business owners by providing smarter and more professional assistance. Gene and Thea also dive into debunking the extreme views about AI and job loss, and provide insights and education to HR professionals, emphasizing that AI is not a replacement for human judgment, but rather an assistant that enhances productivity and accuracy. Take a listen and learn how small business owners can embrace AI platforms like ChatGPT, which can offer valuable resources, data, and policies, including compliance guidelines, to help streamline business procedures.
Topics Include:
00:00: Episode Preview
01:27: Introduction to Thea Ducrow, CEO of Creative AI Leadership Consulting
02:37: Discussion about ChatGPT's improvements and capabilities
04:31: Concerns and benefits of AI and its influence on jobs
06:45: Practical applications of Chat GPT in business
07:32: The importance and benefits of proper communication with AI systems
09:42: Addressing fears and utilizing AI's potential in HR
12:00: The focus on human connections in HR and the role of AI
15:22: Concerns and adaptation strategies as AI quickly improves
17:45: Keeping up-to-date with new regulations and AI's capabilities
22:39: Addressing privacy concerns in AI policies
26:44: Future expectations from AI
28:35: The impact of AI on jobs and the economy
29:57: Closing remarks & future aspirations
Have a guest or topic you’d like to suggest for the show? Submit your ideas here: https://bit.ly/3kFt4A9.
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 Nov 30, 2023
Thursday Nov 30, 2023
No news is good news, according to Gene Marks, who shares details about the IRS delaying the Form 1099-K threshold change in 2023. So, if you’re using a third-party platform such as PayPal or Venmo to receive payment for services, you have a reprieve this tax season. Gene also talks about the State Small Business Credit Initiative that is pumping millions into states to share with disadvantaged and minority-owned businesses. Plus, hybrid work policies are found to increase productivity. 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 Nov 28, 2023
Tuesday Nov 28, 2023
In our latest episode of Paychex THRIVE, a Business Podcast, Managing Director of Government Affairs at Goldman Sachs, Joe Wall and host Gene Marks are giving their expert views on the capital and credit hurdles facing small businesses. Hear as they talk about the disparities in capital access, the potential solutions and strategies for businesses, how businesses can navigate this rapidly changing landscape, and much more.
Topics Include:
00:00 – Episode preview
00:19 – Welcome, Joe Wall
00:50 – 10,000 Small Business Program
03:07 – Goldman Sachs and small businesses
06:17 – Application process
07:31 – Commitment for businesses
09:00 – Credit environment survey
12:38 – Demand for credit and capital
16:37 – Impact of growing interest rates
18:26 – Outlook for the future
22:10 – Outside the finance industry
24:19 – Hiring trends
28:35 – 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.
Friday Nov 24, 2023
Friday Nov 24, 2023
The National Labor Relations Board released a final Joint Employer rule that was met with a lawsuit and other opposition from industry groups such as franchises. Gene Marks, who says it could impact his small business, as well, is not in favor. Gene also talks about the states where minimum wage increases are going into effect in 2024, and tips for small businesses to get in on opportunities for government contracts. 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 Nov 21, 2023
Tuesday Nov 21, 2023
After months and even years of discussions, several federal agencies have begun releasing or nearing release of new regulations that will impact businesses on everything from wage and hour issues such as overtime, as well as worker classification. On this episode of Paychex THRIVE, a Business Podcast, Director Compliance Mike Trabold speaks with host Gene Marks, setting the stage on what to expect in 2024 while offering tips for businesses on a Joint Employer rule, the Overtime rule, minimum wage increases, workplace retirement plans under the SECURE Acts, OSHA activity and workplace safety, Beneficial Ownership reporting, and much more.
Topics Include:
00:00 – Introduction of Mike Trabold
01:53 – Compensation and competing for talent
05:55 – Minimum wage increases and impact
17:41 – Mandated sick time and paid leave
27:57 – Potential impact on unionization of NLRB’s Joint Employer Rule
29:51 – OSHA ramps up inspections and enforcement around heat issues, more
30:30 – Severance packages and contingencies
31:21 – NLRB’s Joint Employer Rule to impact franchises, contractors
35:37 – EEOC activity – training, harassment, religious accommodations
43:24 – FTC on non-competes and consumer reviews
48:38 – OSHA inspections on heat issues, tips for industries
51:44 – DOL and worker classification
1:02:18 – Overtime rule, tips for businesses
1:04:00 – State child-labor issues
1:05:52 – IRS and the ERTC pause
1:09:21 – High-compensated individuals and taxes
1:12:22 – Research and Development tax deduction
1:15:02 – Beneficial Ownership Information reporting
1:18:17 – Retirement and taking advantage of tax credits from the SECURE Acts
1:22:48 – Wrap-up
Learn more about available SECURE 2.0 tax credits at www.paychex.com/articles/compliance/secure-act-changes.
Find out how proposed DOL overtime rule could impact your business at www.paychex.com/articles/compliance/proposed-overtime-rule-raises-salary-threshold-exemption.
What can business still do with the ERTC? Find out at www.paychex.com/articles/compliance/employee-retention-credit.
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 Nov 16, 2023
Thursday Nov 16, 2023
With a spike of 1.3% and 3% in the third quarter for household debt and credit card delinquencies, respectively, Gene Marks shares his concern that strong consumer spending is masking the red flags for a potential slowdown in 2024. He also says that small businesses should lean into their banks for advice, especially with changes lenders have made to improve their services. And, if you’re eating at one Georgia restaurant, corral your kids or you could get hit with a surcharge. 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 Nov 14, 2023
Tuesday Nov 14, 2023
For over 10 years, Mastercard has been using artificial intelligence to protect its customers. Today, Deputy Chief Security Officer, Alissa “Dr. Jay” Abdullah says we can’t forget the basics in protecting ourselves from cyber-attacks. Take a listen to hear as Dr. Jay talks with Gene Marks, host of Paychex THRIVE, a Business Podcast, about the importance of using basic foundations and training alongside AI when it comes to your company’s cyber security.
Topics Include:
00:00 – Episode preview
00:27 – Welcome Alissa “Dr. Jay” Abdullah
02:03 – Dr. Jay’s position at Mastercard
03:36 – Mastercard’s history with AI
06:41 – How AI will benefit small businesses in security
10:11 – The importance of the fundamentals
11:29 – Training your employees on cybersecurity
14:12 – Repetition with employees
15:42 – Passwords or password less
20:11 – Multi-layer authentication
21:45 – Cybersecurity for remote employees
25:45 – Corporate VPNs
28:24 – CISA Secure Our World Program
29:29 – Upgrading operating systems on devices
30:25 – Mastercard Trust Center
31:28 – Wrap up
Learn more about cybersecurity and protecting your business at www.paychex.com/worx/podcasts/business/dan-lohrmann-cybersecurity-protecting-your-data
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 Nov 09, 2023
Thursday Nov 09, 2023
As the Federal Reserve continues to wrangle inflation, small businesses are left dealing with interest rates floating above 9.5%, which Gene Marks says is holding back small businesses from getting needed capital. Gene also shares insights on why some grants and funding for minority- and women-owned businesses might be getting tougher to secure, and why the upcoming mandatory reporting associated with the Corporate Transparency Act gives busy business owners one more government form to fill out. Listen to the 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 Nov 07, 2023
Tuesday Nov 07, 2023
Believe it or not, artificial intelligence has been around for a while. But it is in the past few years that AI has exploded, and hit the mainstream. On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with Francois Candelon of BCG Henderson Institute, about the current state of AI – the risks and the benefits. Tune into hear what he had to say about misinformation, regulations, autonomous agents, and much more.
Topics Include:
00:00 – Episode preview
00:33 – Welcome, Francois Candelon
01:04 – Introduction to BCG Henderson Institute
02:46 – The history of AI
04:35 – The concern with AI
06:38 – Risks of hallucination and misinformation
09:16 – Artificial General Intelligence
11:02 – What is an autonomous agent?
13:29 – Who is responsible for AI?
15:06 – Protecting society from technology
17:48 – A worldwide framework
20:35 – How business owners can prepare
23:19 – Optimism for the future
24:48 – Wrap up
Learn more about the current trends in AI.
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 Nov 02, 2023
Thursday Nov 02, 2023
The National Labor Relations Board’s recently announced Joint Employer Final Rule is already being challenged in Congress. It removes some control, especially in the franchising industry, according to Gene Marks. President Biden’s executive order on artificial intelligence aims to gain some control over the rapidly changing technology, and eligible employers should take advantage of diverse supplier certification to grow their network and business. 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.
Tuesday Oct 31, 2023
Tuesday Oct 31, 2023
Following in the footsteps of the SECURE Act of 2019 and the SECURE Act 2.0 of 2022, the Retirement Investment in Small Employers (RISE) Act, is looking to set micro-sized businesses up for retirement success. Take a listen as host of Paychex THRIVE, a Business Podcast, talks with New York State Congresswoman Claudia Tenney about this proposed bipartisan bill. Tune in to hear they talk about what the RISE Act is, to learn more about the minimum allowable tax credit, the status of the act, and much more.
Topics Include:
00:00 – Sneak peek into Paychex PULSE podcast from HR Tech
01:09 – Episode preview
01:41 – Welcome, Rep. Claudia Tenney
02:01 – Introduction to the RISE Act
04:19 – Reason for RISE Act
05:04 – Background to SECURE Acts
06:32 – Type of tax credit
07:18 – Bipartisan support
09:43 – Status of the RISE Act
12:25 – Making people aware of the program
14:47 – Other legislation that would be great for business owners
18:59 – Wrap up
Learn more about the SECURE Act 1.0 and 2.0 at www.paychex.com/retirement-services/secure-act-faqs
Find out how Paychex can help you with retirement services at hwww.paychex.com/retirement-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 Oct 26, 2023
Thursday Oct 26, 2023
If people are impacted by inflation, they aren’t showing it because retails sales were up in September, bettering expectations. Gene Marks says financial institutions are changing their forecasts and the holiday season might be a good one for businesses. Despite the rosy numbers there, layoffs continue in tech and the financial fields, but Gene sees this as a plus for the talent pool for smaller businesses. There will be extra money in the pockets of employees in the healthcare industry in California as a new law puts the minimum wage at $25 an hour, but it’s going to hurt businesses. 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 Oct 24, 2023
Tuesday Oct 24, 2023
Now more than ever, having the right CRM platform is essential for your business, especially for those in the home services industry. On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with the CEO and Co-Founder of Jobber, Sam Pillar. Take a listen to hear what Sam had to say about why and how he started Jobber, why it has become such an important product for the home services category, the user experience, and more.
Topics Include:
00:00 – Episode Preview
00:36 – Welcome, Sam Pillar
02:50 – Background in CRM software
05:08 – Introduction to Jobber
08:57 – The impact of the past year
09:47 – How Jobber raised capital
11:42 – A product for the home services category
13:48 – Transforming the home services category
15:42 – An operations management program
17:59 – How Jobber is changing these businesses
21:19 – The implementation model
22:29 – User experience
24:42 – Customization and software integrations
27:29 – Getting up and running with Jobber
28:48 – The generational transition of business owners
30:05 – An entrepreneurship opportunity
31:39 – 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 Oct 19, 2023
Thursday Oct 19, 2023
Reports are that inflation might settle in at 3%, which is lower than expected. The question now is what will the Federal Reserve do with interest rates? Gene Marks shares some insights on that, as well as a few thoughts on the short-term benefits of using credit cards to finance your business and why franchisees should be asking if franchisors can deliver on investing in automation to help with the labor shortage. Listen to this week’s 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 Oct 17, 2023
Tuesday Oct 17, 2023
Laka Sriram, VP of Product at GoDaddy is talking with host Gene Marks of the Paychex THRIVE, a Business Podcast about generative AI and how GoDaddy is implementing these features for their customers, the state of image generation, the current state of SEO-optimized tools, and much more.
Topics Include:
00:00 – Episode preview
00:38 – Welcome, Laka Sriram
00:56 – An introduction to GoDaddy
02:13 – What is generative AI?
04:03 – AI features for GoDaddy customers
06:22 – Product descriptions with generative AI
09:04 – The importance of a back and forth with AI
10:12 – Solving the writer’s block
11:15 – How chatbots improve
12:37 – The advantage of GoDaddys tool
13:27 – The state of image generation
17:09 – Intellectual property issues
17:45 – SEO-optimized AI tools
20:19 – Wrap up
Hear more about what’s going on in the world of Artificial Intelligence with our podcast episode with Chief Futurist at ARK Investment Management, Brett Winton at www.paychex.com/worx/podcasts/business/chatbots-metaverse-robots-and-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.
Thursday Oct 12, 2023
Thursday Oct 12, 2023
For employers who have worked a lifetime building their business and financial estate, 2025 could bring a heft of new taxes and tax rates, meaning less money you get to keep, if the tax cuts from 2017 are allowed to expire. Another perk – the New Market Tax Credit – might also go away in 2025, and Gene Marks shares that so will the projects it funds and jobs it creates in rural and urban areas. Gene also says employers and HR managers should review office policies around harassment after the EEOC released guidance for the workplace. 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 Oct 10, 2023
Tuesday Oct 10, 2023
Congressman Lloyd Smucker of the State of Pennsylvania is talking with Gene Marks about his sponsored bill, the Main Street Tax Certainty Act. Tune in to this episode of Paychex THRIVE, a Business Podcast, to hear what he had to say about where this bill stems from, what types of businesses this act will support, more about tax rates and previous acts, and much, much more.
Topics Include:
00:00 – Episode preview
01:02 – Welcome, Congressman Lloyd Smucker
01:30 – Introduction to the Main Street Tax Certainty Act
02:20 – What businesses this act supports
03:30 – What a small business is defined as
03:58 – Growing the economy
05:28 – Where this bill stems from
07:01 – Tax rates
07:32 – Tax Cuts and Jobs Act
11:05 – Main Street Tax Certainty Act
12:10 – Where the bill goes from here
12:40 – Who has endorsed this bill
13:45 – Any opposition to this bill
15:03 – Success of Tax Cuts and Jobs Act
18:02 – Outlook of the future
20:49 – 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 Oct 05, 2023
Thursday Oct 05, 2023
ChatGPT is adding personas and will be able to do multiple voices or even read you a bedtime story. Gene Marks shares some tips on why generative AI should be on your radar and how your business should approach the AI wave. Net neutrality has been proposed again and Gene has insights into the pros and cons for your business. Meanwhile, despite inflation and interest rates remaining high, small businesses are the most confident in the U.S. economy since the pandemic ended. 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 Oct 03, 2023
Tuesday Oct 03, 2023
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.
Thursday Sep 28, 2023
Thursday Sep 28, 2023
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.