THRIVE, a Paychex Business Podcast

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Businesses throughout the United States have been forced to navigate an array of unprecedented challenges throughout the past few years. As we look towards the approaching new year, what can we expect to see in 2023? On this episode of Paychex THRIVE, CNN reporter, Matt Egan, talks with Gene Marks about the economic outlook of 2023. Hear what he had to say about consumer spending, a possible recession, interest rates, inflation, and more. Topics Include: 00:49 – Introduction to Matt Egan 01:49 – What to expect for the holiday season 02:44 – Consumer spending in today’s economy 04:35 – Buy now, pay later trend 08:00 – Are we headed into a recession 11:32 – The challenges within the tech sector 14:16 – State of the housing and construction industry 17:08 – The rise in interest rates 19:03 – Thoughts on inflation in 2023 23:38 – Expected news on small businesses in 2023 26:22 – A positive outlook for next year 28:00 – Wrap up Hear more about the impact of rising inflation at www.paychex.com/worx/podcasts/business/economy-and-rising-inflation. Get some tips on how to offset the current financial landscape at www.paychex.com/worx/podcasts/business/interest-rates-rising-think-long-term-loans-money-management. 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 Week in Review, Gene Marks says he thinks the lame duck Congress might actually move the needle on retirement and tax legislation – and that’s a benefit to businesses. The many bills on retirement could become SECURE Act 2.0, leading to additional tax credits and incentives. Plus, extending the research and development tax credit is on the table. 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.

Robotics and automation are becoming increasingly important in our everyday life. The same goes for businesses, including those in the restaurant industry. CEO of Miso Robotics, Mike Bell, is talking with host, Gene Marks, about the how his company is bringing robotic solutions to an industry that is struggling to fill positions – the restaurant industry. Listen in as Bell talks about the customization of robotic solutions, the impact on workers, and how other industries are using similar technology. Topics Include: 00:19 – An introduction to Miso Robotics 03:49 – The interest from restaurants 06:07 – How Miso customizes across brands 07:56 – Issues to be aware of with robotic solutions 10:15 – Maintenance of robotic solutions 12:37 – Independent vs. chain restaurants 15:28 – The impact of robotic solutions on workers 20:44 – Robotics in other industries 22:22 – What’s next for Miso Robotics 23:07 – 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.

With inflation nearing 8 percent and some industries reporting costs for materials much higher than that, the thought that a new yet divided Congress might have a tough time fixing this. However, Gene Marks points out that people’s spending habits don’t match the doom-and-gloom economy that many say the country is in. He shares his insights in 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.

As the economy begins to slow down, many companies may be forced to turn to employee layoffs, now and in the future. Hear from Lenny Feigel, labor and employment attorney at Foley & Lardner LLP, about what you need to consider. Find out why it’s so important to plan, how to select where your layoffs are going, what companies are offering in terms of separation and severance pay, and much more. Topics Include: 00:19 – Introduction to attorney Lenny Feigel 02:03 – Having a good relationship with a labor attorney 02:53 – The importance of planning when considering layoffs 05:04 – Selecting where layoffs are going 06:47 – What to consider to avoid claims of discrimination 09:11 – Should layoffs be based on performance reviews? 10:28 – What companies are offering in separation and severance 13:20 – Strategy for layoff timing: do it immediately or give time? 13:42 – The Worker Adjustment and Retraining Notification Act 15:50 – The importance of a separation agreement 19:30 – Big takeaways 20:39 – Communicating with employees that are being retained 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.

We won’t know the makeup of Congress for another month following the mid-term elections, but a slim majority for either party primarily will result in few big pieces of bi-partisan legislation. Gene Marks takes a look at a handful of potential outcomes on where the government will spend its money, who might benefit, and some other issues such that will impact 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.

The Equal Employee Opportunity Commission (EEOC) is the primary federal agency in charge of enforcing the employment discrimination laws in the United States. On this episode, Gene Marks is talking with Vice Chair of the EEOC, Jocelyn Samuels, about what small businesses need to know about the agency, including the importance of understanding discrimination laws, how being an inclusive workplace is good for business, why you should have anti-harassment policies in place, and much more. Topics Include: 00:14 – Introducing Jocelyn Samuels 00:51 – Introduction to the EEOC 02:09 – Why is the EEOC important to employers? 05:25 – Inclusive workplaces are good for business 07:13 – Hot topics employers should be aware of 08:04 – Businesses that are exempt 10:05 – Having anti-harassment policies in place 11:28 – Being aware of retaliation 13:00 – Discrimination and technology 16:56 – AI-based software and biases 21:36 – How employees can report to the EEOC 27:37 – The impact of remote work on discrimination 32:59 – The EEOC is there to provide support 35:35 – Wrap up Read more about harassment in the workplace at www.paychex.com/articles/human-resources/understanding-harassment-in-the-workplace. Learn about some recent resources the EEOC has created related to sexual orientation and gender identity discrimination at www.paychex.com/articles/human-resources/eeoc-resources-sexual-orientation-discrimination. 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 kicking off Season 4 of Paychex THRIVE, a Business Podcast, with Congressman Ben Cline from the sixth congressional district in Virginia. Listen in as host Gene Marks talks with Rep. Cline about his proposed legislation, the Small Business Regulatory Flexibility Improvement Act, which is designed to help small businesses understand and comply with new regulations. Hear what inspired this bill, where the legislation currently stands, and how Congressman Cline hopes to help small businesses in the future. Topics Include: 00:15 – Introduction to Congressman Cline 00:36 – The Small Business Regulatory Flexibility Improvement Act 03:16 – What inspired this bill? 05:30 – Where does the legislation stand? 09:25 – What will Congressman Cline do for small businesses? Read more about the regulatory issues facing businesses at www.paychex.com/newsroom/news-releases/compliance-topics-related-covid-19-pandemic-top-regulatory-issues-facing. 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 U.S. Department of Labor’s recent proposed new rule, businesses might have to make some adjustments if independent contractors are reclassified. It could change how your business pays taxes, as well as increase your costs if these individuals must be treated as employees. Listen to our THRIVE Week in Review with Gene Marks podcast. Learn more about tax forms for independent contractors at www.paychex.com/articles/payroll-taxes/filing-taxes-for-independent-contractors 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.

Bonus episode: Cybersecurity – it’s not just for big businesses. In fact, small businesses are often prime targets for cyber-attacks. On this episode of THRIVE, a Paychex Business Podcast, you’ll hear from Kristin Harper, Manager of Operations Security at Paychex, as she talks to Gene Marks about what you should know and what you can do to protect your company from cyber criminals. Topics Include: 00:19 – Meet Kristin Harper 00:58 – Kristin’s job as Manager of Operations Security 02:49 – Cybersecurity in small business 04:39 – User education to prevent cyber crime 06:05 – What is phishing? 06:57 – Smishing: SMS phishing 09:54 – The rise of social engineering 10:46 – The impact of malware 11:59 – What to do to lower the risk of an attack 14:06 – Cybersecurity and remote employees 15:36 – Securing your home network and your software 17:38 – Should you be using security software? 19:30 – 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.