THRIVE, a Paychex Business Podcast

Just one week before the shutdown, Danny Abrams opened his newest restaurant in New York City. Since then, he has had to navigate the Paycheck Protection Program, the Economic Injury Disaster Loan, helping his employees in any way he could, and the weight of growing bills. Listen in as Danny talks with Gene Marks about how the coronavirus pandemic has impacted his restaurants, and what he thinks it means for the future. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

Since the start of the coronavirus pandemic, Julie Wineinger, owner of Lulabelle’s Sweet Shop, has had her fair share of experience with applying for federal, local, and other funding opportunities meant to help businesses during these uncertain times. From the Economic Injury Disaster Loan, the Paycheck Protection Program, and even a D.C. grant opportunity, Julie has tried to take advantage of anything that has come her way. Listen in as she talks with Gene Marks about the highs and lows of applying for federal funding and other grants. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

Over the past three weeks, the market research company, Bredin has been connecting with small businesses (SMBs) – with between two and 500 employees – across the country to find out what they have done, what they are worried about, and what they are thinking about for the future amidst the current coronavirus pandemic. One of the most enlightening topics covered in this research is a look into what small businesses are thinking about the Paycheck Protection Program (PPP). With just one in three SMBs applying for a PPP loan, Alice Bredin talks with Gene Marks about what companies are doing to stay afloat, where they have gotten funds, and why they aren’t applying. Be sure to take a look at the other great findings from our Paychex COVID-19 snap polls. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

With a focus on customers in the restaurant, bar, and retail businesses, Champion Technology was quickly and significantly impacted when closures happened. That’s when owner Bob Stone showed how the advice of his father to save for a ‘rainy day’ was more important than ever. In addition to his savings, Bob turned to the Paycheck Protection Program (PPP) loan to help him stay afloat during these uncertain times. Listen in as Bob talks with Gene Marks about how he used his resources and found success with the Paycheck Protection Program. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

As a small business owner of a youth athletic company that partners with local schools, when COVID-19 hit, Team Turse was forced to close and Founder Matt Turse began looking for loan options to help him during these trying times. When it came to the Paycheck Protection Plan (PPP) loan, Matt faced many frustrations – from the application process to communication. Listen in as Matt talks with Gene Marks about his experience with the PPP process and what he’s learned along the way. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

Deemed as essential businesses, companies in the home service industry have had to rethink how they do business, including what they do, how they do it, and how they respond to customers throughout this pandemic. According to Angie Hicks, Co-Founder of Angie’s List, 90% of home service companies have made immediate changes in their procedures to cleaning, sanitation, and customer communication to ensure the safety of both their employees and their customers. But, in order to come out of these challenging times a stronger and better company, they have to think long term. Listen in as Gene Marks talks with Angie Hicks about how businesses need to adapt to these new times to not just survive the pandemic, but thrive afterwards. 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.

Just one week after closing her business due to COVID-19, Julie Wineinger decided to reopen for one day – a fundraiser for her employees. Using the inventory that was left at the store, Lulabelle’s offered pints of ice cream with contactless exchange. The success was overwhelming. That’s when Julie decided that she could use Lulabelle’s designation as an ‘essential business’ to the advantage of both her employees and the community. Listen in as she talks with Gene Marks about how she’s making the best out of a tough situation. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

In the middle of February, Tim Lyon’s medical device company came to a screeching halt as the healthcare industry turned its focus to investing in personal protective equipment (PPE) and fighting the coronavirus pandemic. Suddenly, there he was without any revenue stream coming in and growing increasingly frustrated. Listen in as Tim Lyon, CEO and Co-Founder of Klean Katch talks with host Gene Marks about the psychological impact of the COVID-19 pandemic, and how he has found a new purpose while his business is closed helping bring joy to his friends and family. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

As a result of the current COVID-19 pandemic, employees are faced with new and unexpected challenges that may require time away from work. Whether they become sick with coronavirus themselves, need to take care of a family member who becomes sick, or need to care for their children while schools and daycares are closed, the federal government has expanded their paid leave requirements. As a result of these new regulations, a tax credit is available to help employers pay for their employees’ time off. Listen in as Gene Marks talks with Paychex Compliance Analyst Andy Gargana about these tax credits, including pay requirements, credit maximums, the handling of healthcare costs and Medicare tax, and more. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

With many businesses forced to close due to the COVID-19 pandemic, essential businesses, including Seaman Corporation - manufacturer of industrial fabrics – continue to operate and provide their products and services. But for them, nothing is business as usual. From setting up remote working, to adopting new safety procedures, these companies are learning to rethink how their business works. Hear from Richard Seaman, Chairman of the Board at Seaman Corporation, as he talks with Gene Marks about a new way of working amidst the current circumstances. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

Part of the Coronavirus Aid, Response, and Economic Security (CARES) Act, the Employee Retention Tax Credit is available to qualified employers who are still paying employees during the current coronavirus pandemic. It allows the employer to take a refundable tax credit for up to 50% of up to $10,000 in wages paid for each employee. In the first of this two-part episode of the Paychex Business Series, Paychex Compliance Analyst Andy Gargana shares with Gene Marks what you need to know about the Employee Retention Tax Credit, including what it is, business eligibility, revenue qualifications, and more. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

When the coronavirus pandemic hit, business owners all over the country had to make some very difficult decisions including deciding to stay open or close; whether to keep employees, furlough them, or lay them off; and how to cover costs such as rent and utilities. Listen in as Gene Marks talks with Julie Wineinger, Owner of Lulabelle’s Sweet Shop about her experience over the past few weeks as a small business owner during the coronavirus pandemic. In Part 1 of this four-part series, Julie talks about her decision to close the doors of her sweet shop, how she handled employee layoffs, what she did to help those employees navigate the unemployment process, and more. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

During this coronavirus pandemic, there are several federal loans available for small- and mid-sized business owners to help them during these unprecedented times. Founder of Team Turse, Matt Turse, shares his experience with the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP). Hear from him as he shares some tips with Gene Marks about applying to and receiving these loans to help his business during these uncertain times. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

The Paycheck Protection Program – part of the Coronavirus Aid, Response, and Economic Security (CARES) Act – was designed to get cash out quickly to small- and mid-sized businesses that are struggling during the current coronavirus pandemic, and incent them to maintain or rehire employees and keep their wages high. Listen in as Gene Marks talks with Mike Trabold, Director of Compliance at Paychex, and learn about the specific features of the Paycheck Protection Program, including business eligibility, loan forgiveness, and more. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

One of the provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is the ability of employers to defer the employer portion of social security tax. Join Gene Marks and Bill Goselin, Compliance Analyst at Paychex, as they discuss what that means for employers, limitations, restrictions, and the impact of the Paycheck Protection Program. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

The Family First Coronavirus Act (FFCRA) – enacted to help businesses deal with the coronavirus pandemic. Join Gene Marks and Tammy Tyler, Manager of Employment Law Compliance at Paychex as they discuss the paid leave portion of this act and how it affects your business and your employees. For more information regarding COVID-19 and your business, including workplace health, business continuity, payroll processes, health insurance, financial assistance, new legislation, and more, visit our Coronavirus (COVID-19) Help Center. 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.

In this podcast, Gene Marks tells you what you need to know about the Economic Injury Disaster Loan Program. Find out what it is, who’s eligible, and what’s available. Listen in as he discusses what’s being offered by the Small Business Administration (SBA) in response to the coronavirus pandemic. Visit our Covid-19 Help Center for more information on coronavirus and 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.