THRIVE, a Paychex Business Podcast

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. Gen...

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 0...

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...

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 art...

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 ke...

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. D...

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 Operation...

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 decision...

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 w...

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, e...

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-growi...

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 busin...

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...

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 f...

Join host Gene Marks in this insightful episode as he discusses the Employee Retention Tax Credit (ERTC) with Erin Lierheimer, Senior Technical Product Manager, and Ken Bersani, Manager of Operating Risk, both from Paychex. Learn how businesses can claim retroactive credits for pandemic-related losses. Discover the ERTC qualifications, eligibility, timeline, and how Paychex can assist in the proce...

Personal credit card balances are rising, so banks are holding onto their money and making it tougher for businesses to get loans and lines of credit. Farmers Insurance makes decision to leave the homeowners market in hurricane-prone Florida, which will impact some individuals and potentially businesses, although it’s a small share of the insurance market in the state. Gene Marks also shares that...

One key focus for legislators today is finding ways to combat the retirement crisis in the United States, including the recent passing of SECURE Act 2.0. Tune in to hear as host Gene Marks talks with John Scott, the Director at the Pew Charitable Trusts’ Retirement Savings Project, about the reasons behind the current state of retirement across the country, whether or not pension plans could reeme...

In this episode of "Week in Review," Gene Marks discusses three critical news topics impacting small businesses. He analyzes the potential impact of "Threads," Facebook's new platform, on businesses and explores the considerations for choosing the right social media platform. Next, Gene examines a research report on small business borrowing, finding surprising stability despite rising credit card...

From simple calls and text messages, to one of the most important tools in your life, mobile devices have seen huge advances in just 10 years’ time. And to keep up with the growing mobile technologies, networks have had to evolve and change as well. On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with Mike Katz, the President of Marketing, Innovation, and Experien...

Jobs numbers took a slight dip but sectors such as the government, health care, and construction continue to grow, especially throughout the South. Gene Marks points to other reliable and interesting data from the Paychex/IHS Markit Small Business Employment Watch. Inflation looms with higher-than-desired interest rates, so Gene suggests planning for the next nine months. Also, the influx of artif...

Ever wonder what the U.S. Securities and Exchange Commission (SEC) is and what it does? On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking to Amy Reischauer, Acting Deputy Director for the Office of the Advocate for Small Business Capital Formation at the SEC. Listen in to hear what this office is doing to help small businesses, how they work to protect investors, th...

On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with the National Director of the Local Initiatives Support Corporation (LISC) and the VP of Small Business and Economic Development Lending, Steve Hall, about grant programs and business financing. Hear what Steve had to say about the grant program with Kevin Hart’s tequila company Gran Coramino, what businesses nee...

The American Dream is alive. However, 52% of successful entrepreneurs expressed that they don’t want their children inheriting their business. Gene Marks says running a business is hard and he shares insights on why the next generation should chase their own dreams. He also discusses what employers might have to offer to get people to return to the office and highlights why a new mandate for clean...

On this episode of Paychex THRIVE, a Business Podcast, we’ve got economist and thought leader, Scott Galloway talking about his recent book, “Adrift: America in 100 Charts.” Hear as he talks with host Gene Marks about what he had to say about some of the key economic topics impacting business owners today, including the IRS, federal minimum wage, and wealth tax. Topics Include: 00:00 – Welcome, Sc...

The House of Representatives is actively proposing legislation regarding expiring tax credits and other areas, and although they have little chance of passing the Senate, Gene Marks offers some insight about how the stage is being set for the 2024 elections. Inflation seems to be in check but that hasn’t stopped businesses from struggling with the high price of goods to the point that it is impact...