THRIVE, a Paychex Business Podcast

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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..

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Although job growth has slowed for a sixth consecutive month, North Carolina continues to be the place to find work, overtaking Texas for the top spot, according to the Paychex | IHS Markit Small Business Employment Watch. On the other side of the job market — schooling — Gene Marks says that the benefits provided in SECURE 2.0 to roll leftover 529 plan funds into a Roth IRA without penalty are key and businesses should consider providing 529s to employees. Businesses also could help themselves by planning for any impact created if the proposed overtime rule becomes final. Listen to the podcast. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Skilled trades might get a boost, as nearly half of Gen Zers surveyed said they are exploring this option over college, and Gene Marks says it’s a good thing. We need good trades people, and the jobs are there. Small businesses should follow big businesses — 77% say mental health access is prime focus. Are you prepared for a potential government shutdown? Gene shares his thoughts on the podcast. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

When it comes to cybersecurity it’s essential for any size business. In fact, small businesses are often the prime targets for cyber attacks. That’s why host Gene Marks is talking with Kristin Harper, Manager of Operations Security at Paychex about what you can do to protect your company from cyber criminals. Topics Include: 00:27 – Meet Kristin Harper 01:03 – Kristin’s job as Manager of Operations Security 02:51 – Cybersecurity in small business 03:42 – User education to prevent cyber crime 04:53 – What is phishing? 05:24 – Smishing: SMS phishing 09:32 – The rise of social engineering 10:20 – The impact of malware 12:14 – What to do to lower the risk of an attack 14:35 – Cybersecurity and remote employees 15:42 – Securing your home network and your software 17:30 – Should you be using security software? 19:11 – Cyber insurance Find out more about cyber security as it relates to business at www.paychex.com/articles/management/cyber-security-and-a-secure-business. Read more about the importance of cyber liability insurance at www.paychex.com/articles/human-resources/cyber-liability-insurance-why-your-business-needs-it. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

In this episode of the Paychex THRIVE Week in Review podcast, host Gene Marks delves into the upcoming increase in minimum wages across several states, including California, and ponders the possibility of a national minimum wage change. Shifting gears, Gene examines the evolving landscape of remote work, highlighting a study revealing that many bosses regret their initial return-to-office decisions. He emphasizes the importance of flexibility and taking employee needs into account when formulating work-from-home policies. Lastly, Gene explores the benefits of Employee Stock Ownership Plans (ESOPs) and their potential advantages for both business owners and employees. He cautions listeners about recent IRS scrutiny of ESOPs, emphasizing compliance and proper setup. Tune in for valuable insights on these timely business topics. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Tune into this episode of Paychex THRIVE, a Business Podcast to hear as, host Gene Marks talks with Employment Attorney and Partner at Fisher Phillips, Lauren Sobaski, about two key topics impacting employers today. Tune in to hear what she has to say about the current religious accommodation case of Groff v. DeJoy, employment retaliation, and what employers should consider when addressing their workplace policies. Topics Include: 00:00 – Episode preview 01:10 – Welcome, Lauren Sobaski 01:50 – What an employment attorney does 02:55 – Introduction to Groff v. DeJoy 06:12 – How the lower courts sided 08:16 – The definition of significant 09:43 – The potential for more lawsuits 11:33 – Defining religious accommodation 12:43 – Possible timing 13:34 – What advice is Lauren giving? 15:16 – Last thoughts on Groff v. DeJoy 18:10 – Retaliation claims from employees 20:50 – Where employees make retaliation claims 21:39 – The importance of training and policies 24:19 – Wrap up Have a guest or topic you’d like to suggest for the show? Submit your ideas here. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Businesses have reporting requirement deadlines approaching regarding their true or beneficial ownership, which many small businesses aren’t aware of. Gene Marks shares information about how the U.S. Treasury is taking action to educate businesses about their compliance obligations. Businesses should also know that a rule on pregnancy accommodations will be coming from the EEOC. And, apparently, employee retention can be bolstered with a song and gift on an individual’s birthday. Listen to the podcast for details. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Have you ever heard of SCORE? And do you know what they do? Take a listen as host Gene Marks talks with CEO of SCORE, Bridget Weston on this episode of Paychex THRIVE, a Business Podcast. Take a listen as they talk about how SCORE works to provide businesses with mentorship, how you can prepare yourself to work with SCORE, the change in the labor market and how to retain talent, and the ever-growing topic of AI. Topics Include: 00:00 – Welcome, Bridget Watson 01:43 – Introduction to SCORE 03:06 – Who is SCORE for? 04:44 – Becoming a SCORE consultant 06:03 – Pairing mentors with business owners 09:34 – The mentor mentee relationship 14:31 – SCORE code of ethics 16:23 – Preparing yourself to work with SCORE 18:58 – Attracting and retaining talent 21:23 – How the labor market has changed 23:36 – The importance of flexibility 24:46 – How SCORE is helping with AI 29:24 – Not-for-profit and for-profit businesses 29:47 – Wrap up DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Employers who conducted remote document inspections related to Form I-9 during the pandemic have until Aug. 30, 2023, to review those same employee documents in person. Gene Marks discusses additional changes to Form I-9 that are intended to make completing this required employment eligibility form a simpler process. In other news impacting businesses, Visa announced it will send auditors to businesses to ensure they are not passing along inflated surcharges to customers that break the terms of agreement. The penalties are steep. Listen to this week’s podcast for more details. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

We’re talking to Lyn Alden again and this time we’re diving deeper into the economy now and in the future. Take a listen as Lyn and host, Gene Marks, touch on the current and future state of the economy, including the housing and real estate market, the expectations on inflation, business financing, and more. Topics Include: 00:00 – Episode preview 00:52 – Welcome, Lyn Alden 03:01 – Current state of the economy 03:34 – Housing and real estate 07:46 – Mortgage refinancing 09:59 – Shortage of available housing 12:00 – Deficits and spending 15:35 – Expectations on inflation 18:35 – The state of interest rates 23:30 – Corporate financing 26:36 – The future of the economy 29:11 – Wrap up Get more information on different types of financing for small businesses at www.paychex.com/articles/finance/securing-small-business-financing. Hear more about the state of the real estate market with our podcast episode with Ryan Serhant at www.paychex.com/worx/podcasts/business/ryan-serhant-gets-real-about-real-estate. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

With high temperatures and crushing heat indexes across the United States, the Biden administration pushed the Labor Department to remind workers of their protections and rights, and businesses could face enforcement for safety violations. Gene Marks also shares thoughts on the Mental Health Parity and Addiction Equity Act, as well as reminds small businesses that states are rolling out programs for grants and funding that could ease some of the inflationary and credit pressures. Listen to the podcast. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.