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
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.
Tuesday Apr 04, 2023
Tuesday Apr 04, 2023
You’ve seen him on Bravo’s “Million Dollar Listing New York,” but did you know that Ryan Serhant is also the founder and CEO of the world’s most followed real estate brokerage brand, SERHANT. On this episode of Paychex THRIVE, a Business Podcast, Ryan is talking with Gene Marks about the economic outlook for 2023, 2024, and 2025 and what that means for commercial real estate. Listen in as he shares a bit about how he started SERHANT., the impact of interest rates on real estate, the importance of differentiating yourself in your industry, and much more.
Topics Include:
00:00 – Welcome, Ryan Serhant
01:05 – Introduction to SERHANT.
03:56 – Today’s real estate market
07:42 – Impact of interest rates on real estate
11:14 – What to do during today’s economy
13:58 – Turnover in the real estate industry
15:07 – Outlook for 2023, 2024, and 2025
15:51 – Silicon Valley Bank and financial service industry
19:22 – Work from home culture
20:56 – Differentiating yourself
22:00 – Advice for purchasing commercial property
23:22 – The importance of being able to adapt
24:42 – Selling commercial property in 2023
27:06 – The future for Ryan Serhant and his business
28:58 – Wrap up
What other small business trends can you expect in 2023? Learn more at www.paychex.com/articles/management/small-business-trends.
Hear more about the Business Outlook for 2023 at www.paychex.com/worx/podcasts/business/matt-egan-on-business-outlook-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 Mar 30, 2023
Thursday Mar 30, 2023
In several recent surveys, results show that only 27% of owners have a fully laid-out plan to pass a family-owned business to the next generation, while in another, small-business owners said minimum-wage increases have little negative impact on their operations. Gene Marks shares insights such as being upfront and getting all succession plans in writing. On the minimum wage topic, he has some doubts and shares his reasons on 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 Mar 28, 2023
Tuesday Mar 28, 2023
The SECURE Act 2.0 was signed into law at the end of 2022, building upon the work that the original SECURE Act did to address the retirement crisis in the U.S. On this episode of Paychex THRIVE, a Business Podcast; host Gene Marks is talking with the CEO of the American Retirement Association, Brian Graff. Listen in as Brian discusses the impact that SECURE 2.0 will have on businesses and employees, and what some of the great incentives it has built in.
Topics Include:
00:00 – Welcome, Brian Graff
01:14 – American Retirement Association
02:21 – Purpose of the SECURE Act 2.0
03:18 – Likelihood of workers to saving
04:23 – Impact of SECURE 2.0 on businesses
05:01 – Will SECURE 2.0 have a bigger impact?
06:18 – SECURE Act 2.0 incentives
07:27 – State plans vs. SECURE Act 2.0 tax plan
08:34 – Tax credits and Starter-K
09:58 – Tax credits for matching contributions
11:51 – Matching on student loan payments
13:33 – Emergency withdrawal provision
15:25 – Flexibility with Roth accounts
17:01 – New Roth requirements
18:53 – Automatic enrollment
21:18 – Database for missing retirement accounts
23:25 – Part time worker eligibility to save
24:44 – Impact of raising age for distribution
27:35 – What should business owners be doing?
29:17 – Wrap up
Hear more about how the SECURE Act 2.0 is working to combat the retirement crisis at www.paychex.com/worx/podcasts/business/secure-act-combating-retirement-crisis.
Learn more about the SECURE Act 2.0 incentives at www.paychex.com/articles/compliance/secure-act-changes.
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 Mar 23, 2023
Thursday Mar 23, 2023
Illinois joins several states in mandating paid leave to all workers for any reason — and impacting all sized businesses. Plus, a study reveals that 45 percent of Millennials have a side hustle to keep their work-work balance, but will potential upcoming rules by the Department of Labor and court decisions in California change how independent contractors want to work? Gene Marks shares his insights on 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 Mar 21, 2023
Tuesday Mar 21, 2023
Host of Paychex THRIVE, Gene Marks is talking with Dr. Adam Ozimek, Chief Economist for the Economic Innovation Group. Hear what they had to say about some key current event trends, including the impact of high-skilled vs. low-skilled immigration, what the future may hold for non-compete clauses and what that could mean for employers, and what the tough labor market can tell us about today’s economy. Tune in to find out more.
Topics Include:
00:00 – Welcome, Adam Ozimek
00:39 – The Economic Innovation Group
02:19 – The complexities business owners face
03:30 – High-skilled immigration policy
05:52 – Immigration and exporting educational services
08:13 – Highly-skilled workers impact on international relations
09:27 – High-skill immigration legislation
11:26 – The topic of low-skilled immigrants
13:05 – Policy challenges of low-skilled immigration
14:54 – Non-compete clauses in employment contracts
18:21 – Why the backlash to possible ban on non-competes
20:13 – How value of non-compete clauses to employers
21:31 – Why do we have so many unfilled jobs?
23:24 – The sign of an unhealthy economy
25:00 – The pandemic’s impact on the labor market
27:14 – Wrap up
Looking for ways to set your business apart in a tight labor market? Read more here www.paychex.com/worx/webinar/attracting-and-retaining-talent-ways-to-help-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.
Thursday Mar 16, 2023
Thursday Mar 16, 2023
President Biden offers up a bug-numbers federal budget that will never pass, but he’s thinking long-term for a potential platform in the 2024 elections. Meanwhile, pay transparency is beginning to brew at the federal level. Gene Marks also takes a look at tipping that is drawing regulatory interest and an out-of-left-field proposal in Florida to exempt minor league ballplayers from making minimum wage. Check out 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 Mar 14, 2023
Tuesday Mar 14, 2023
Finding financing for your business can be difficult, especially if your FICO score is not what larger banks require. On this episode of Paychex THRIVE, Gene Marks is talking with Solomon Lax, the CEO of Revenued, a business and financing company. Hear what Solomon had to say about rethinking how we look at businesses in need of funding, what Revenued does to help companies with subprime credit, the Revenued Business Card, and more.
Topics Include:
00:00 – Welcome, Solomon Lax
00:40 – Introduction to Revenued
01:54 – Rethinking credit scoring
03:32 – The process of getting a loan
04:21 – Thinking beyond the FICO score
05:25 – Merchant cash advance07:41 – The opening for Revenued
07:50 – Looking at the business as a whole
09:50 – The Revenue business card
11:12 – Who should take advantage of this card?
12:00 – Return on investment when considering loans
13:34 – Revenued card compared to traditional cards
16:17 – Terms of repayment
16:42 – Point of sales systems and accounting systems
19:26 – Types of businesses using the Revenued card
20:53 – The benefit to under-prime businesses
23:48 – Episode 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 Mar 09, 2023
Thursday Mar 09, 2023
While the DOL works on getting a new Secretary of Labor confirmed, Gene Marks says the department’s recent progressive nature isn’t likely to change. However, what should change for businesses are their payments processes with the use of cash and checks by consumers dropping significantly compared with online apps and digital wallets. Also, millions have been infused into the State Small Business Credit Initiative program. If your state has an SSBCI, check into it. 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 Mar 07, 2023
Tuesday Mar 07, 2023
You’ve heard about public relations, but is PR the right move for your business? Listen in as host Gene Marks talks with CEO of Hypemachine, Olga Orda, about what public relations really is, how the media can help create credibility for businesses, creating a compelling story to tell, and much more.
Topics Include:
00:00 – Introduction to Olga Orda
01:54 – The purpose of public relations
03:41 – Is PR for every company?
05:16 – How the media creates credibility
07:00 – What is media today?
08:04 – Local versus national PR
09:02 – What does Hypemachine do?
10:36 – The cost of using Hypemachine
11:08 – How long should you use Hypemachine?
11:52 – The right time to use Hypemachine
12:47 – What you can expect to get from Hypemachine
14:39 – How to make your story compelling
16:53 – The impact of current events on your story
19:01 – Hypemachine versus traditional PR firms
20:50 – The use of artificial intelligence
21:11 – What’s included with Hypemachine subscription?
22:30 –Types of clients are right for Hypemachine
24:27 –PR options are available for business owners
26:29 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas payx.me/thrivetopics.
Learn more about Hypemachine at hypemachine.io.
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 Mar 02, 2023
Thursday Mar 02, 2023
Legislators in the Golden State continue trying to shake up the fast-food franchise industry have proposed establishing joint liability between franchisor and franchisee, which was met with quick opposition. Meanwhile, the IRS made changes that would require many more businesses to e-file more returns and documents in 2024. How might these impact how you do 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 Feb 28, 2023
Tuesday Feb 28, 2023
On this episode of Paychex THRIVE, a Business Podcast; host Gene Marks is talking with Lyn Alden, Founder of Lyn Alden Investment Strategy about the outlook of the 2023 economy. Listen in as Lyn does a deep dive on everything from fiscal deficits, the impact of a strong labor market, which industries will stay strong, how the national debt will impact businesses, inflation, and much more.
Topic Include:
00:19 – Introduction to Lyn Alden
03:52 – Reading this year’s economy
06:15 – Predictions for economic conditions
08:18 – Fiscal deficits
09:47 – Demand suppression during 2023
11:15 – The strong labor market
12:10 – Strong vs. weak industries
15:12 – Interest rate sensitivity
17:56 – Impact of rising interest rates
20:09 – The national debt
22:52 – inflationary periods
26:37 – Wrap up
Get more information on different types of financing for small businesses at www.paychex.com/articles/finance/securing-small-business-financing.
Have a guest or topic you’d like to suggest for the show? Submit your ideas at payx.me/thrivetopics.
Learn more about Lyn and investment strategies at lynalden.com
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 23, 2023
Thursday Feb 23, 2023
Brick-and-mortar stores have to develop strategies to stay competitive and make the in-store experience unique. The good thing is the number of store openings exceeded store closings for the first time since 2016, and Gene Marks says this is good for businesses and consumers. He also says changes in labor laws wouldn’t be a bad thing if handled responsibly with proper parental consent and with coordination with the schools. 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 Feb 16, 2023
Thursday Feb 16, 2023
The impetus behind the Great Resignation of 2022 — that the grass is greener someplace else — did not always pan out, according to a survey by Paychex and Fractl. Millions left jobs and the study found that 80 percent regret the decision. Mental health, work/life balance, and more suffered. Businesses can gain ground, especially those needing employees, if they refocus their internal processes to enhance reviews, use this to teach about the value of loyalty, and grasp boomeranging.
Read to full survey at https://www.paychex.com/articles/human-resources/exploring-the-great-regret.
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 14, 2023
Tuesday Feb 14, 2023
From childcare needs and healthcare to minimum wage and worker classification, business owners today are having to navigate a lot of important issues that impact their employees and their company. On this episode of Paychex THRIVE, host Gene Marks is talking to CEO and Founder of the Small Business Majority, John Arensmeyer about these topics and more and how business owners can support their employees and set their companies up for success.
Topics Include:
00:34 – Introduction to John Arensmeyer
01:49 – What does Small Business Majority do?
03:09 – Getting involved in the Small Business Majority?
04:00 – Small Business Majority funding
04:14 – Size of Small Business Majority
05:23 – Navigating challenges in an inflationary year
08:29 – Minimum wage increases
10:06 – Thoughts on worker classification
12:34 – Pro-business or pro-employee
15:39 – Retaining and attracting employees
17:19 – The impact of childcare needs on the workforce
19:11 – How healthcare impacts employee attraction
21:43 – Where to look for financing in 2023
24:30 – The Small Business Majority agenda for 2023
25:56 – The future of small business
27:35 – Wrap up
Here are some ideas to help employee retention and foster company success at www.paychex.com/articles/human-resources/creative-employee-retention-ideas.
Watch our webinar for ways to attract and retain talent at www.paychex.com/worx/webinar/attracting-and-retaining-talent-ways-to-help-your-business.
Read about the impact of benefits on recruiting employees at www.paychex.com/articles/hcm/benefits-help-recruit-and-retain-best-employees.
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 09, 2023
Thursday Feb 09, 2023
A survey reveals that, like many other generations, the Gen Z employees like to get paid. Compensation tops the list of what they value most. Gene Marks looks at a few other aspects Gen Zers desire when looking for work, as well as a few surprising things that don’t factor into their decision-making process when applying for a job. 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 Feb 07, 2023
Tuesday Feb 07, 2023
As new regulations are proposed, it’s important that business owners understand the impact they could have on how they run their company. On this episode of Paychex THRIVE, a Business Podcast; host Gene Marks is talking with Gentry Collins, CEO of the American Free Enterprise Chamber of Commerce about some of the possible upcoming legislation. Listen in to hear about the importance of American Free Enterprise, the Credit Card Competition Act, federal minimum wage, and more.
Topics Include:
00:14 – Meet Gentry Collins
01:55 – American Free Enterprise Chamber of Commerce
02:12 – Threat to American free enterprise
04:20 – Why become a member of this organization
06:47 – The Credit Card Competition Act
09:16 – The negatives of this the Credit Card Competition Act
11:26 – Legislation and regulations the organization supports
14:52 – New rules for worker classifications
17:53 – The negative effects of national federal minimum wage
20:57 – Impact of immigration on the economy
24:36 – Wrap up
Learn more about the new proposed new worker classification rule at www.paychex.com/articles/compliance/dol-independent-contractor-rule.
Read more about some of the top regulatory issues businesses may face in 2023 at www.paychex.com/articles/compliance/top-regulatory-issues.
Find out more about the American Free Enterprise Chamber of Commerce at www.amfreechamber.com.
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 02, 2023
Thursday Feb 02, 2023
With the GDP up, unemployment down in a majority of states, and the recession projections not as bad as imagined, businesses have an opportunity to begin resolving any hiring challenges they might have experienced recently. Gene Marks shares his advice on how and where to recruit, including looking to your own employees for referrals. 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 Jan 31, 2023
Tuesday Jan 31, 2023
We are nearly three years out from the start of the COVID-19 pandemic, but businesses are still in the process of recovering from its effects. Faced with many options for financing help It can become very overwhelming. That’s why we’re talking to Erin Lierheimer, Senior Technical Product Manager at Paychex, and Ken Bersani, Manager of Operating Risk at Paychex about the Employee Retention Tax Credit (ERTC), how you can retroactively claim it, the qualifications and eligibility of the ERTC, how Paychex can help with the process, and much more.
Topics Include:
00:15 – Financing trends for 2023
01:01 – What is the ERTC?
03:15 – Guest introduction
03:51 – Meet Erin Leirheimer
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 Jan 26, 2023
Thursday Jan 26, 2023
Put down the pen and listen: This week’s episode of the Week in Review looks at the findings of several studies that demonstrate that writing paper checks is costing your business money and time. It’s time to think about the future and Gene Marks shares insights on the advantages of moving to digital payments for paying your vendors. Learn more on 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 Jan 24, 2023
Tuesday Jan 24, 2023
As the retirement crisis looms, people just aren’t saving for their retirement like they should be and need to be. That’s why in 2019, the SECURE ACT 1.0 was passed, to provide benefits to employers for offering retirement plans and to employees for who participate in those plans. Now, three years later, SECURE Act 2.0 has passed and is expanding opportunities for workplace retirement plans across the United States. Tune in as host Gene Marks talks with Sarah Faye Pierce, Head of Government Relations at Paychex, and Michael Majors, VP of HR Solutions at Paychex, about these two big pieces of legislation and how they are working to help businesses and their employees.
Topics Include:
00:14 – Episode introduction
00:45 – Meet Sarah Fay Pierce
02:47 – Meet Michael Majors
04:55 – The retirement crisis in the U.S.
06:54 – Retirement offering amongst small businesses
09:25 – SECURE Act of 2019
12:40 – What is a Pooled Employer Plan (PEP)?
15:26 – SECURE 2.0
18:55 – Highlights of SECURE 2.0
19:23 – Enhanced tax credits
20:56 – Auto enrollment
29:01 – Benefits for younger and older employees
33:15 – Contributing to Roth accounts
37:23 – Safe Harbor database
38:39 – Wrap up
Find out more about SECURE 2.0 and how Paychex can help you start a retirement plan at https://go.paychex.com/secure-act
Read more about the incentives offered by SECURE Act 2.0 at www.paychex.com/articles/compliance/secure-act-changes.
Read more about the SECURE Act of 2019 here at www.paychex.com/articles/compliance/congress-passes-secure-act-for-retirement
Learn how to set up a 401(k) plan for small business employees at www.paychex.com/articles/employee-benefits/steps-for-401k-plan-setup-retirement-saving.
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 19, 2023
Thursday Jan 19, 2023
A customer relationship management (CRM) system could be the difference maker for your business, especially with its ability to put all your contacts – customers or prospects – in one database. It can improve your communication internally and externally, while also adding tremendous financial value to your business. Gene Marks, whose own company implements CRM systems, shares insights into this important tool.
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 17, 2023
Tuesday Jan 17, 2023
When it comes to making financial business decisions, there’s a lot to know. On this episode of Paychex THRIVE, a Business Podcast; Gene Marks is talking about everything you need to know, from interest rates and lines of credit to non-bank lenders and SBA loans. Tune in to hear what they talked about and to learn more about what you can expect economically in 2023 and how to navigate business financing options.
Topics Include:
00:20 – Introduction to Greg Ott
00:52 – What is Nav and how it works
03:02 – Finding financing that’s right for your business
04:01 – The impact of interest rates in 2023
05:46 – The increasing cost of capital
07:21 – Financing options through Nav
10:40 – SBA loans
12:28 – Reasons businesses don’t qualify
15:33 – Potential financing options in 2023
16:34 – Lines of credit
17:03 – Rising interest rates
23:14 – Financing alternatives in 2023
25:08 – Wrap up
Read more about how to secure financing for your small business at www.paychex.com/articles/finance/securing-small-business-financing.
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 12, 2023
Thursday Jan 12, 2023
As 2023 gets underway, inflation remains a challenge, so finances become important – for businesses and their employees. It’s why people are flocking to lower-tax states, providing employers in those states with a larger workforce pool. Likewise, changes are being made in the supply chain. And you’ll never guess which generation thinks its annual salary should be the highest to cover expenses? Gene Marks breaks it down on 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 Jan 10, 2023
Tuesday Jan 10, 2023
You know Isiah Thomas as the NBA superstar, but did you know he’s also an all-star entrepreneur? We’re excited to have him join us on this episode of Paychex THRIVE, a Business Podcast where he shares with us his journey to become the Founding Chairman and CEO of Isiah International, and what he’s learned along the way. Tune in to hear Isiah talk about putting together a winning team, setting your employees up for success, the state of minority business ownership, and so much more.
Topics Include:
00:20 – Introduction to Isiah Thomas
01:19 – Indiana Popcorn and the popcorn space
03:27 – Learning business finances
04:46 – The importance of specialization
05:38 – Choosing the right team
07:37 – Being patient with employees
09:07 – Advice for managing people
13:04 – The state of minority business ownership
17:33 – Isiah Thomas’ exit plan
20:06 – What’s on the horizon
Read more about managing underperforming employees at https://www.paychex.com/articles/human-resources/how-to-manage-underperforming-employee.
Learn about employee performance management processes, reviews, and more at www.paychex.com/articles/human-resources/employee-performance-management-and-reviews.
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 05, 2023
Thursday Jan 05, 2023
Businesses will be faced with challenges in 2023 regarding funding, regulatory changes such as worker classification, overtime rules, and paid leave, as well as issues of how to enhance their cybersecurity. Host Gene Marks says he’ll be talking all year with his own clients about these topics and shares similar insights on the Week in Review. 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 03, 2023
Tuesday Jan 03, 2023
As more states adopt pay transparency regulations, it’s important that business owners throughout the country are aware of the laws that may be heading their way. That’s why on this episode we have Frank Kerbein, Director of the Center for Human Resources at the Business Council of New York State, talking with us about the newest bills coming out of New York City and New York State, and what they mean for businesses and employees. Listen in as he talks about what salary transparency is, the impact these laws have on job seekers, the growing trend of wage compression, and more.
Topics Include:
00:50 – Introduction to Frank Kerbein
02:22 – The Business Council of New York State
03:09 – What is going on with pay transparency?
04:47 – What exactly is pay transparency?
05:36 – Why pay transparency regulations are needed
07:49 – Impact on New York job seekers
09:32 – Pay transparency laws at a national level
11:19 – Wage compression for current employees
13:48 – Compensation beyond salary
15:50 – Employer audits
17:06 – Pay transparency regulation issues
18:59 – Where the New York State bill stands
20:24 – Wrap up
Learn more about pay transparency and what the benefits are at www.paychex.com/articles/management/pay-transparency.
Find out what you need to know about the Equal Pay Act and pay equity at https://www.paychex.com/articles/human-resources/what-hr-needs-to-know-about-pay-equity.
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 29, 2022
Thursday Dec 29, 2022
A massive federal spending bill could end up creating savings for your business and employees. Included in the law is SECURE Act 2.0, which impacts your workplace 401(k) by offering tax credits for implementation and matching, as well as extending age limits for employees to save more. Gene Marks shares insights on how this could be a major opportunity for your retirement benefits. 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.
Thursday Dec 22, 2022
Thursday Dec 22, 2022
Planning ahead, especially when it comes to regulatory and compliance requirements, can keep your business running smoothly. In this episode of the “Week in Review,” host Gene Marks talks about the laws that could impact how you fund your business, start a workplace retirement plan, classify your workers, and more. 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 20, 2022
Tuesday Dec 20, 2022
California’s new bill, the Fast Food Accountability and Standards Recovery Act (FAST Act), is putting a new focus on regulations and worker protection for restaurants in the fast food industry. Listen in to this episode of Paychex THRIVE, a Business Podcast to get insight to what this bill is from Jot Condie, President and CEO of the California Restaurant Association. Find out more about who the FAST Act is targeting, how it will affect minimum wage, the possible impact on consumers, and what it means for other industries throughout the United States.
Topics Include:
00:19 – Introduction to Jot Condie
00:44 – The California Restaurant Association
02:37 – What is the FAST Act?
04:54 – Who the bill is targeting
05:10 – The council makeup and authority
09:04 – What does this mean for workers?
11:17 – Why focus on the fast-food sector?
12:01 – How effect on minimum wage
13:47 – The expected impact on consumers
14:57 – Is the FAST Act needed?
16:37 – What does this mean for other industries?
17:29 – Advice to other states
19:18 – Wrap up
Learn more about other laws and regulations impacting the restaurant industry at www.paychex.com/articles/payroll-taxes/notable-laws-and-regulations-for-restaurants.
Read about other regulatory issues businesses may face in 2023 at www.paychex.com/articles/compliance/top-regulatory-issues.
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 15, 2022
Thursday Dec 15, 2022
Tired of pressing 1, then pressing additional numbers to work through an automated system? Think how your customers feel if they are having the same experience. Well, chatGPT is all the talk, and it’s the talking part that has the tech sector excited. This artificial intelligence system is conversational – it can continue a dialogue as it “learns” more. Gene Marks shares insights on how this can help your business in the future.
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 13, 2022
Tuesday Dec 13, 2022
You’ve heard of Yelp, but are you using it to its fullest potential for your business? On this episode of Paychex THRIVE, Gene Marks talks with Emily Washcovick, Senior Marketing Manager and Small Business Expert at Yelp about how Yelp works to help businesses build connections with customers and succeed in their industry. Listen in as Emily shares her insights on the good that can come from a bad review, how to handle both positive and negative reviews online, the importance of using Yelp to increase your online presence, the features you need to know about, and much more.
Topics Include:
00:50 – Introducing Emily Washcovick
02:16 – Behind the Review podcast
04:02 – You can’t please every customer
05:55 – The positive side of a bad review
08:05 – Yelp as your online presence
12:22 – How Yelp positions itself
15:24 – Industries that benefit from being on Yelp
19:09 – Features of Yelp
23:37 – Connecting with people on Yelp
27:13 – Wrap up
Read about more ways you can connect with your customers and build relationships at www.paychex.com/articles/management/microbusinesses-build-customer-relationships.
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 08, 2022
Thursday Dec 08, 2022
The employee retention tax credit is getting a lot of attention after a recent IRS announcement extended the deadlines to file amended returns. Gene Marks tells eligible businesses to go for it because there is meaningful money potentially waiting. However, in this episode of the Week in Review, he also warns that the added attention has brought out scammers and make-shift third-party vendors trying to cheat your business. Stay with trusted sources to help you claim the credit. Listen to the podcast
Learn more about how Paychex can help your business claim the Employee Retention Tax Credit at https://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.