The Paychex Business Series Podcast with Gene Marks - Coronavirus

As the Federal Reserve holds steady on the key bank lending rate, host Gene Marks says businesses might take wind with the hint that the interest rate might be cut two more times in 2025, making funding more accessible. Small businesses might soon have more accessibility to more talent, as big companies are looking at making labor cuts. The local economy might take a hit with job cuts, but it does ease labor pressures for some. Also, a recent survey shows that many older owners are willing to sell their business but do not have a succession plan – 54%, in fact, lack one. Meanwhile, Millennial and Gen Z buyers are out there, so the time might be right. 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.

Consumers are less pessimistic about inflation, down from its four-decade high last month. Experts say consumers have settled in after shock of tariffs. In more good news, housing market inventory rises 31.5%, giving other industries and small businesses that rely on vibrant neighborhoods some hope that there is a positive path forward. Gene Marks also shares news about the injuries to first-year employees and stresses the need for more safety training. 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.

What does it take to build a global real estate empire while staying true to your values? Mauricio Umansky, TV personality and CEO of The Agency, joins us with 29 years of industry expertise and some serious insights into the world of ultra-luxury real estate. From starting out in fashion to leading a global team of 3,000 agents, Mauricio discusses what makes a great salesperson, how to nurture talent, and why "no jerks" is rule number one. Whether you're a business owner, a real estate enthusiast, or just curious about the mindset that drives success, this episode is packed with tips, strategies, and Mauricio's unique perspectives on motivation, leadership, and the future of real estate. Looking for a way to motivate your employees and build loyalty? Try upskilling: https://bit.ly/3G6CwHs Have a question for upcoming episodes or a topic you want covered? Let us know: https://bit.ly/3U4NPEA Topics include: 00:00 – Episode preview and welcome 01:19 – Mauricio's journey into real estate 03:03 – Building and growing The Agency 04:14 – Strategies for sales success 07:22 – The art of selling luxury real estate 08:30 – Managing sales teams and company culture 11:09 – Sticking to core values 13:17 – Recruiting the right talent 17:48 – Bringing family into the business  21:02 – Managing multi-generational teams 23:21 – The role of technology in real estate  26:12 – Real estate industry outlook 30:41 – 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.

A handful of reports on small businesses shows an optimism toward expansion and AI tools, but that sentiment is guarded by flat job growth, declining hourly wage growth, and 82% of those surveyed planning on securing a line of credit. One positive from the tax and spending bill is proposed changes to HSAs that expand coverage, which could help participation and recruitment. And it's DOGE 1, SCORE 0: The federal agency cuts funding to small business support program. 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 U.S. Senate might have a battle to get all president's requests in tax and spending cut bill as opposition forms in the GOP over the massive deficit it will create. Gene Marks agrees that there will be a price to pay. There's also a movement to eliminate requiring some degrees for jobs, with 84% who have done so acknowledging positive results. The SBA launches portal to connect manufacturers and suppliers with businesses seeking U.S. products. 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.

Searching for fresh ways to grow your accounting practice or wondering how your CPA could better support your business? Don't miss Gene's conversation with one of his accounting idols, Joe Woodard. They explore how Client Advisory Services (CAS) can help accountants level up, boost their profits, and serve their clients in more meaningful ways. You'll get practical tips for pricing your services, creating service packages that make clients happier (and more loyal), and using technology to turn the old controllership model on its head. Whether you're an accountant ready to break free from the tax treadmill, a business owner who wants more out of your CPA, this episode is for you. Check out our suite of tools and resources designed to help financial advisors serve clients with confidence: https://bit.ly/4mQhPjR Have a question for upcoming episodes or a topic you want covered? Let us know: https://payx.me/thrivetopics Topics include: 00:00 – Episode preview and welcome 01:33 – Joe Woodard's background  03:17 – Evolution of client advisory services in accounting 04:54 – Breaking the “treadmill feeling” 06:30 – Pricing problems and how to fix them 10:18 – Building client trust with inclusive service packages 14:15 – Adopting CAS: Smaller firms vs. larger partnerships  15:17 – What CAS really means in practice 18:26 – The role of AI in the future of accounting 22:18 – The power of trust & why human relationships still matter 24:10 – CAS & business journey protection 27:14 – Scalable solutions for CAS 28:37 - Becoming the trusted single point of contact 29:28 – Info about the Scaling New Heights Conference 31:36 – 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.

The U.S. House of Representatives passed the tax and spending bill by one vote, but small businesses could gain a few positives if some of the provisions survive the Senate debate and reconciliation should it pass that chamber of Congress. Gene Marks highlights the proposed changes to bonus depreciation, the pass-through tax deduction, and revisions to research and development costs as potential wins for small businesses, and he says he thinks these provisions will remain. 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.

This episode was recorded prior to the House passing the Big Beautiful Tax Bill on May 22, 2025. Gene Marks shares insights on the Big Beautiful Tax Bill and on the importance of keeping the tax credits for small businesses. That might lift their spirits but, according to the Small Business Optimism Index, not much else is rosy. Sales volumes are down, plans for capital outlay are down, and that has optimism down for a fourth month. Gene also talks about the buy-now pay-later service Klarna doing a 180-degree turn, choosing human hires over AI after going all in on AI three years ago. 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.

This week's guest, employment law expert Ben Ebbink of Fisher Phillips, tackles your biggest questions about President Trump's first 100 days head-on. Wondering if your DEI policies are still compliant? Not sure how executive orders will affect hiring and workplace rules? Curious how state laws come into play? Ben breaks down the red flags, offers practical compliance tips, and clarifies what's actually changed for employers in light of Trump's recent actions. Tune in to unravel exactly how executive orders, DEI policies, and shifting regulations could impact your workplace. Join Ben and Gene for a more in-depth review of Trump's first 100 days in this on-demand webinar: https://bit.ly/3FEWlVU Have a question for upcoming episodes or a topic you want covered? Let us know: https://payx.me/thrivetopics Topics include: 00:00 – Episode preview and welcome 01:51 – Webinar overview  03:01 – Is it time to revert your DEI policies? 05:49 – Managing risk in DEI programs 07:37 – DEI red flags that may attract scrutiny 11:10 – Demographic grant and scholarship programs 12:17 – Should you still call yourself an equal opportunity employer? 13:05 – EEO-1 reporting requirements and what changed 14:49 – Set-asides for women or minority-Owned businesses 16:57 – Do you need to rewrite your employee handbook? 19:33 – Disparate impact and disparate treatment 24:02 – AI legislation and state actions 28:31 – State vs federal law: Where does authority really lie? 31:36 – 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.

The U.S. and China begin the tariff walk-back dance that will last for 90 days, giving businesses time to make alternative plans. Gene Marks says those doing business with China will have to make plans because he doesn't expect the volatility being created to clear up soon. Additional relief is coming for businesses who use independent contractors, as Gene explains that the USDOL will stop enforcing the 2024 Independent Contractor Rule. Owners can help employees in default with student loans by taking advantage of tax credits in place through 2025, and Gene shares how. 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.

The number of federal Executive Orders issued by the president since Jan. 20 has created confusion for some business owners. Host Gene Marks moderated a webinar that produced additional questions from attendees, so he's using this episode of the podcast to offer clarification as well as his own take around the EOs on DEI. He talks about job postings, preferred gender pronouns on websites and in other company communications, “gender vs. sex”, the exclusion of impact on veterans, how these might affect EEO-1 reporting, 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.

What do Barstool Sports and Food52 have in common? Visionary leadership, incredible growth, and today's podcast guest, Erika Ayers Badan. After nearly a decade as the CEO of Barstool Sports, turning it into a cultural juggernaut, Erika has taken the reins at Food52, where she's bringing her passion for design, food, and empowering women to the forefront. Tune in as Erika talks managing young teams, shaping resilient work cultures, staying ahead of trends (hello, AI), and the lessons she's carrying from Barstool's locker-room vibes to Food52's stylish kitchen counters. If you're hungry for entrepreneurial insights and brand-building wisdom, this episode is a must-listen. Burnout is bad for employees and business. Spot the signs, tackle the causes, and create a successful workplace: https://bit.ly/4jSaJJq Your workforce is your superpower — but only with the right planning. This webinar shows you how to boost productivity, close skills gaps, and hire a team that thrives: https://bit.ly/4iUbJM7 Topics include: 00:00 – Episode preview and welcome 01:47 – Erika's career journey  04:06 – Pivoting towards women-led workspaces 06:10 – Lessons learned at Barstool  09:07 – Motivating and leading young employees 12:18 – Building company culture 17:34 – Managing diverse teams 18:31 – The importance of feedback 21:32 – Remote work vs. office collaboration 23:16 – Brand-building lessons from Barstool 26:11 – Leveraging digital creators at Food52 27:24 – The role of AI in business growth 29:08 – 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.

As the president begins to walk back on some of the tariffs with China, Gene Marks says what will remain after negotiations are still significantly high percentage rates on goods coming in from China, which will still impact many U.S. businesses. He also shares insights from economists looking at interest rates and how a risk of recession and lost jobs caused by tariffs might push the Federal Reserve to nudge the rates down. And for entrepreneurs, the best place for start-ups is Florida, which has five of the top six cities based on certain criteria. Sunny days ahead in the Sunshine State. 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.

Tariffs are a major concern for some major industries and confidence is waning, with 40% of contractors worried about slowdowns to profit margins and auto dealers seeing rapid sales declines. Gene Marks says negotiations between nations could resolve much of this, but China remains an issue. He also shares insights to work on culture and employee check-ins as more than half the nation showed up in a study as sufferers of “quiet cracking” – a slow and steady dissatisfaction with the workplace. Gene also agrees with tech analysts that in the fast-paced AI world, businesses should take a slower approach to rolling out the solutions to ensure more understanding and governance. Listen to the podcast. Article - Tariffs: What Business Should Know to Prepare - https://bit.ly/4cAiT6H 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.

Immigration compliance is a hot topic that businesses simply can't afford to ignore. With increasing scrutiny from government agencies and hefty fines on the line, staying on top of your I-9s has never been more critical. This week on THRIVE, Gene sits down with John Fay, immigration attorney and director of Product Strategy at Equifax Workforce Solutions, to cut through the noise and break down exactly what business owners need to know. You'll learn about common mistakes, the consequences of making them (hint: they're costly), and practical advice for protecting your business. Don't miss this timely conversation — it's essential listening for any employer. Get an in-depth tutorial on how to prepare for a surprise audit during this on-demand webinar: https://bit.ly/3GeFI3x [Frequently Updated] Here's your guide to all things Form I-9:  https://bit.ly/3Y98pFp Topics include: 00:00 – Episode preview and welcome 00:55 – Introduction to John Fay and his expertise 01:17 – Form I-9 overview 05:09 – Employer verification process 06:34 – Document retention and review 08:13 – Challenges in document verification 10:00 – Advice for employers amid increased scrutiny 12:26 – Employee protections and obligations 14:14 – ICE inspections and potential penalties 19:19 – E-Verify overview 23:20 – Future of immigration compliance 26:09 – 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.

As the on-again, off-again, and then partial pause on tariffs dominate the news, Gene Marks level sets which ones are in effect and what businesses need to know moving forward. Also, as corporate bankruptcies hit their highest number since 2010, Gene points to a specific industry – trucking and logistics – and the ensuing layoffs that could tell us more about the economy than other data. And the Spotify CEO's announcement on AI and hiring is a misstep, according to Gene. 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.

U.S. Labor Department data shows job starts exceeding expectation in March, while the Paychex Small Business Employment Watch indicates job levels are consistent with previous months. Does this indicate a better outlook? Gene Marks talks about it in this episode, but also says the economy might be influenced by the 14% of employers who are decreasing salary offers and another 20% are scaling back on raises. Businesses with loans from the SBA also must contend with changes in programs that include increased fees for popular 7(a) loans. Listen to the podcast. Resources: Paychex Small Business Employment Watch - https://bit.ly/4lG7hTV 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.

Is complexity holding your team back? On this episode of THRIVE, Gene Marks chats with Lisa Bodell, keynote speaker, author of Why Simple Wins, and CEO of FutureThink, to explore how simplifying business processes can spark innovation and boost engagement. Lisa shares actionable strategies to make your workplace simpler and more productive — from cutting down on unnecessary emails to rethinking meetings and decisions. Plus, discover her powerful “Kill a Stupid Rule” exercise, a proven method that has helped businesses save time, resources, and improve employee satisfaction. Simplicity isn't just a trendy idea — tune in to hear why it's the secret to business success. Looking to simplify HR? Consider the benefits of outsourcing: https://bit.ly/42JG7mr Learn how AI can help streamline the daunting task of recruiting: https://bit.ly/3FX9tpv Topics include: 00:00 – Episode preview and welcome 00:55 – Overview of Lisa's work and clients 02:48 – Addressing email overload 04:27 – The process of simplifying an organization   05:54 – Role of AI in simplification  08:19 – Areas in business prone to complexity 09:06 – Simplification in different business sizes 12:00 – Good friction vs. unnecessary complexity  14:01 – Gene and Lisa talk to-do lists 16:56 – Surprising clients 22:17 – Measuring simplicity's impact 24:10 – Tips for more effective meetings 24:58 – 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.

On this week's episode of the Paychex THRIVE Week in Review, host Gene Marks talks about key news items affecting small businesses. Recent surveys from MetLife, the US Chamber of Commerce, Viking Cloud, and the US Census Bureau, focus on three main topics: a slight decline in the small business index due to softening in business health and cash flow; cybersecurity concerns, notably a report that 40% of cybersecurity teams haven't disclosed breaches, risking compliance and increasing vulnerability; and a looming succession planning crisis as many business owners near retirement age without clear plans for their businesses' futures. Gene emphasizes the high concerns among business owners about inflation, particularly its record-high impact, and the urgent need to address these trends. 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 outlook from the Federal Reserve is that everything is on target, so they aren't budging interest rates. Not great news, according to Gene Marks, for small business trying to secure cheaper funding, but at least they feel the economic outlook is good. Over at the EEOC, executive orders from the new administration have businesses scrambling around DEI activities. Plus, Paychex releases a report on small business sentiment around AI, finding 72% have a good attitude toward its use. And any excuse you are using to get out of work might have been used 3,200 years ago. Listen to podcast for more details. AI for Small Businesses: Impact and Sentiment - https://bit.ly/4liZCuz 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.

How will the latest executive orders affect your business? Tune into this episode of THRIVE, where Gene chats with Sarah Faye Pierce, Head of Government Relations at Paychex. Sarah breaks down what executive orders are, how they influence regulations, and what they could mean for small and mid-sized businesses like yours. From tariffs to DEI, they cover critical updates to help you stay informed and compliant. You'll also learn practical tips for advocating for your business, connecting with policymakers, and navigating uncertain times with trusted resources. For more insights on how the new administration's policies may impact your business, register for our First 100 Days webinar: https://bit.ly/3FEWlVU Topics include: 00:00 – Episode preview and welcome 01:13 – Sarah explains her role advocating for small businesses 03:21 – What is a federal executive order? 04:40 – Who needs to follow executive orders? Understanding the reach 06:53 – DEI and executive orders: What private businesses need to know  11:43 – Small business implications of tariffs and trade policies 13:42 – Planning ahead for potential tariffs 15:18 – Executive orders impacting immigration and regulation changes  17:47 – Where business owners can turn for guidance on executive orders 19:43 – Advocacy tips for small businesses 21:07 – 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.

Despite being at historic high levels, small businesses optimism dropped last month and recorded its second-lowest reading for uncertainty in the history of the National Federation of Independent Businesses. Gene Marks says we need to keep an eye on this. He also shares details of how boycotts don't always impact those being boycotted. Plus, learn how a comedy club is helping comedians get a laugh. 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 chair of the Federal Reserve said that Americans should expect economic fluctuation and inflation while adjusting to the implementation of new policies, but the target of 2% is on track. Gene Marks comments on that while noting that the Paychex Small Business Employment Watch continues to show moderate job growth but stagnant hourly earnings growth. In a surprising turn, the new administration appealed a court's decision on the Biden-era Overtime Rule, but Gene said that is a maneuver to secure the agency's decision-making powers and not to hang onto the salary threshold. 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.

Do you know which generation is most frustrated with Gen Z? Or why millennials seem to get such a bad reputation? Join Gene Marks as he chats with Jason Dorsey, president of the Center for Generational Kinetics and author of Zconomy, to explore the dynamics between the five generations in today's workforce. From bridging the divide between Gen Z and millennials to understanding what motivates each generation, Jason shares data-driven insights and actionable advice for leaders and teams. Discover how generational differences can impact communication, retention, and even sales, and learn practical strategies to turn these challenges into opportunities. Topics include: 00:00 – Episode preview and welcome 01:06 – About the Center for Generational Kinetics (CGK) 03:43 – Why generational understanding matters 05:26 – Exploring generational nuances in millennials 07:34 – Generational frustrations and millennial misconceptions 10:36 – Gen Z vs. millennials in the workforce 13:12 – Cross-generational collaboration strategies 17:05 – The importance of stability for Gen Z 18:19 – Creating generational snapshots for businesses 25:28 – Practical tips for multi-generational teams 29:07 – Surprising Gen Z findings 31:08 – Wrap up and thank you How to attract Gen Z employees: https://bit.ly/3DxIHTI Check out this 12-minute, on-demand webinar for more advice on bridging the generational gap: https://bit.ly/41HKJJ0 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.  

Another week, another set of tariffs against normal trading partners – and these steeper than the previous ones. However, host Gene Marks says businesses might be able to defer paying the extra cost by using bonded warehouses and several other avenues. He also shares that the SBA Director Kelly Loeffler plans, among her top 3 items, an extensive audit of the agency and its practices, while the mass layoffs at the IRS could impede timeliness of processing tax returns. 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 housing experts around the nation are not happy with the latest numbers – inventory up 28% but nothing is selling, while builders and architects report their sentiment indexes hit recent lows. Gene Marks says this is the news that worries small businesses that rely on that housing industry. Our host also shares the Beneficial Ownership Information reporting is back after a court ruling, and now with a deadline in mid-March. And Crunchbase, a longtime resource for which startups were looking for money, has switched gears to use AI and its data to predict business outcomes. 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 workplace is evolving faster than ever — are you keeping up or getting left behind? This week on THRIVE, Gene Marks chats with Steve Cadigan, author of Workquake and LinkedIn's first Chief HR Officer, to break down the new rules of work. From career pivots to building a culture that spans four generations, Steve dives into the seismic shifts redefining the employer/employee relationship. He also offers fresh takes on performance reviews, the value of college degrees, and using AI to empower teams (not replace them). Listen now to discover new strategies and ideas for navigating the future of work. Topics include: 00:00 – Episode preview and welcome 01:22 – Macro trends driving workplace change 02:26 – Changing workforce psychology 03:55 – Steve Cadigan's background 05:10 – Developing culture within a multi-generational workforce 07:59 – Strategies for motivating employees 11:36 – Reevaluating performance reviews 13:43 – The value of college degrees 17:22 – Remote work perspectives 19:49 – Advice for organizations on remote work 23:29 – The impact of AI in the workplace 25:28 – Wrap up and thank you 11 hiring, recruiting, and talent acquisition trends on the rise: https://bit.ly/4gVH2Fo The most pressing HR technology trends that are likely to shape the future of HR in 2025 and beyond: https://bit.ly/4igMG65 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 prices of goods and energy keep increasing, hitting 3% in January – the highest in seven months – and everyone is wondering when will the cost of eggs go down. Gene Marks points to some factors impacting inflation and expresses some concern that the monthly hourly wage growth, as reported in the Paychex Small Business Employment Watch, is at 2.87%, meaning wages aren't keeping up with inflation. He also says that with all the changing regulations around DEI at the federal and state level, businesses should review their social and governance policies to ensure they are up to date. 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.

There are more than 7.5 million Americans whose jobs are directly connected to the federal government, so some private-sector and nonprofit businesses began shedding workers when the federal funding freeze was announced. Gene Marks talks about some of the short-term fallout. He also shares details on why acquiring businesses rose in 2024 and the impact of lending criteria on future sales. Gene also points to OpenAI's Deep Research that academics are enjoying but says warning signs are there for some professions. 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.

Is your business capitalizing on SECURE 2.0? On this episode of THRIVE, Gene sits down with Zachary Keep, Manager of Risk Compliance at Paychex, to unpack the game-changing potential of SECURE 2.0. From tax credits that make setting up a 401(k) basically free to the introduction of auto-enrollment, this legislation is transforming how small businesses attract and retain employees. Zach breaks down how these key provisions can make a lasting difference for your employees — and your bottom line.   Topics include: 00:00 – Episode preview and welcome 01:12 – What is SECURE Act 2.0? 02:45 – SECURE 2.0 incentives for employers 03:12 – Tax credits for new retirement plans 05:22 – Matching contribution incentive structure 06:42 – New auto-enrollment rules 07:58 – Automatic escalation explained 09:31 – Rothification of catch-up contributions 11:51 – State mandated retirement plans 14:21 – SECURE 2.0 key takeaways 15:14 – Wrap up and thank you   12 retirement trends you need to know for 2025: https://bit.ly/3WVT3DD   More regulatory changes every business should prepare for this year: https://bit.ly/4gfFWE6   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.

Tariffs were imposed and then suspended for 30 days on Canada and Mexico after the U.S. and our leading trading partners came to an agreement on border security. Tariffs remain in place on China and Gene Marks says this will have some impact on costs of goods and supply chains. He also talks about how the launch of DeepSeek, an AI platform that currently operates more quickly and efficiently than others, could spur U.S. companies to meet the challenge. Amid all this change, the SBA might get a new leader who has her focus on efficiency and changes to some of the loan programs. 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.

Earnings growth has shown modest gains for seven months, according to the Paychex Small Business Employment Watch, but the annualized 3.16% gain hovers right around inflation. Gene Marks explains what this could mean to businesses and employees. Business sale prices are up 25%, including a 17% jump in the service industry. Why? Millennials are buying rather than starting, but mainly many older owners are looking for an exit. Then there are those individuals not buying at all but, instead, are shoplifting out of necessity. What might this mean to a small business in terms of cost. Listen to the podcast.

Taxes are changing — what does that mean for your business? On this week's episode of Paychex THRIVE, Gene Marks chats with Stephen Dombroski, Senior Compliance Manager at Paychex, to break down the critical tax changes coming as the Tax Cuts and Jobs Act approaches its expiration. From bonus depreciation to the Section 199A deduction (and everything in between), Stephen shares what these changes might mean for your business, your employees, and even your personal finances. Whether you're planning capital investments, thinking about R&D credits, or just trying to stay ahead of tax changes, this episode is packed with expert advice to help you prepare.   Topics include: 00:00 – Episode preview and welcome 01:03 – Discussion on Tax Cuts and Jobs Act (TCJA) 02:20 – Provisions of TCJA 04:42 – Impact of fluctuating TCJA depreciation policies 06:35 – Potential bipartisan tax deal and its outcomes 08:29 – Individual income tax changes 10:36 – Future tax changes and employer considerations 12:37 – Employee Retention Credit discussion 14:18 – Implications of possible changes to estates taxes and the Work Opportunity Tax Credit 15:34 – Advice on preparing for tax changes 17:39 – Wrap up and thank you   14 ways to save on small business taxes in 2025: https://bit.ly/3CoMNgy   Regulatory changes every business should know and prepare for this year: https://bit.ly/4gfFWE6   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.

Based on surveys from major companies, organizations, and even chambers of commerce, small businesses are giddy for the upcoming four years under a new administration in the White House. The positive outlooks include 70% expecting revenue increases, 76% planning on hiring more, and 91% expressing confidence in growth. In this episode, Gene Marks tempers the enthusiasm by pointing out the potential hurdles, including a labor market that might lose thousands to deportation, proposed tariffs that could up costs for goods, tax incentives that might expire, and inflation still too high. Listen to the episode 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.  

Amid the devastation of the wildfires in California comes the positive that employers can help employees victimized by the natural disaster by covering certain out-of-pocket expenses and earning a tax break or encouraging leave banks for colleagues to donate unused paid leave to help those during recovery. Gene Marks also shares news about the continued leveling off of hourly earnings and other details from the Paychex Small Business Employment Watch. Plus, businesses in the 14 states should understand their pay transparency requirements and Gene makes a suggestion for those in states without a law. 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.

What's the secret to making AI work for your business? According to Beaumont Vance, Senior Vice President of Data, Analytics, & AI at Paychex, it all starts with one crucial element: high-quality data.  On this week's episode, Beaumont joins Gene to explore the incredible potential of AI for small and medium-sized businesses. From understanding the critical role of clean data to the innovative ways businesses can use AI to transform recruiting and decision making, Beaumont breaks it all down.     Topics include: 00:00 – Episode preview and welcome 01:07 – Introduction of guest Beaumont Vance and explanation of role 02:27 – The critical role of quality data for AI success 05:04 – What's next for AI at Paychex? 06:51 – AI transformer models explained 09:12 – How small businesses can compete using AI tools  13:07 – Reinventing recruiting with AI 17:48 – Practical advice for leveraging AI tools  20:17 – The challenges of bad data 23:57 – The rising importance of voice-to-text technology 26:33 – Where should businesses start with AI? 27:42 – Balancing automation with human touch in customer service 33:35 – Privacy concerns with AI data 36:45 – Key questions to assess the quality of AI providers  39:28 – 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.

For a fifth straight quarter, productivity in the United States has risen 2% or more. In this episode, Gene Marks provides insights on why this might be and what this could mean to businesses and employees. As the new year starts and businesses put their budgets in play, they might want to know where to get additional funding. Gene points out various grants and a resource to find more. And what will businesses that use TikTok do if the social media platform gets banned? Gene says to start planning on how else to advertise and sell product. Join us for our webinar- 2025 Top Regulatory Issues: What Your Business Needs to Know at: go.paychex.com/2025regs 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.

This week, Gene Marks explores the trends set to shape your business in 2025 and beyond. He breaks down ZipRecruiter's latest report that reveals growing optimism in the labor market and why hybrid work is here to stay. Next, Gene touches on the rise of financial wellness benefits, driven by an influx of Gen Z workers — are you keeping up with their unique needs? Plus, he looks at the game-changing Amazon-QuickBooks integration that promises to simplify life for countless third-party sellers. Listen to the podcast. Learn more about employee financial wellness programs and how they can benefit your business: https://bit.ly/3BNeKhz   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 monthly Paychex Small Business Employment Watch for November shows that job growth remains steady – and has been for 11 months with modest growth – but in areas impacted by hurricanes Helene and Milton the job growth has shown significant recovery. A report by the Wall Street Journal has shown that employers are using performance improvement plans (PIPs) more regularly and often as a way to terminate than as a way to help the employee get better. And small businesses continue to be popular as 1 in 5 Americans own one and 72% say they would open another. Learn more 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.

As the new Director of Compliance at Paychex, Kelee Delaney oversees a team of experts who monitor the laws and regulations at the federal, state, and local level to provide support to teams within the organization, as well as its nearly 740,000 clients. With the elections over, Kelee talks with host Gene Marks on Paychex THRIVE, a Business Podcast, about changes that might be coming in 2025 with a new administration regarding potential compliance requirements for taxes, retirement, paid family leave, the overtime rule and other wage and hour issues, and artificial intelligence. Watch or listen to the podcast.     Topics Include: 00:00:00: Episode Preview 00:01:20: Introduction of guest Kelee Delaney 00:03:07: Overview of Tax Cuts and Jobs Act (TCJA) 00:06:44: Potential legislative changes and impact on tax strategy 00:10:01: Overview of SECURE 2.0 and retirement incentives 00:12:07: Saver's Credit and Saver's Match details 00:14:11: Impact of SECURE 2.0 on employers and employees 00:15:35: State-level retirement plan mandates 00:16:42: Mandatory paid time off regulations 00:18:57: Overview of overtime rules and recent changes 00:24:42: Impact of Supreme Court ruling on agency regulations 00:27:25: Developing AI policies for business 00:29:56: EEOC's role in addressing AI bias 00:34:00: 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.

The president-elect's nomination for Labor Secretary comes as a bit of a shock for businesses and the GOP, especially since former Republican Congresswoman Lori Chavez-DeRemer favors unionization. Gene Marks shares some insights on this selection, plus points out the value of having a safety net process in place to conduct audits after Macy's found $154 million had been hidden from the books by one individual. Gene also talks about how noncompliance with laws regarding tip pools is costing a Pennsylvania restaurant owner a steep penalty. 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.

Get ready to rethink the way you bank. On this episode of Paychex THRIVE, Gene sits down with Kendall Garrison, president and CEO of Amplify Credit Union, to unpack how credit unions hold the key to a more equitable, customer-first approach to finance. From offering no-fee accounts to supporting small businesses with innovative services, Amplify is challenging the norms of the financial world. Wondering how this compares to traditional banks? Or how it could benefit your business? Kendall breaks it all down. Plus, he shares strategies for navigating today's high-interest rate environment.   Topics include: 00:00 – Episode preview and welcome 01:07 – Introduction of guest Kendall Garrison 01:58 – Overview of Amplify Credit Union 02:42 – Definition and comparison of credit unions vs banks 04:05 – Credit union services for businesses 04:52 – Advantages of choosing a credit union 06:03 – Risk and liability in credit unions 07:32 – Additional services for employees of member businesses 08:13 – Financing options at credit unions 09:10 – Suitability of different business types for credit unions 10:30 – Amplify's no-fee structure 13:12 – Revenue generation at Amplify 17:38 – Federal Reserve interest rate reductions and implications 20:27 – Current loan challenges for small businesses 22:40 – Discussion on current mortgage interest rates and housing market trends 25:35 – 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.

Two major discount retailers in the U.S. have reported earnings that are polar opposite of one another, with Walmart showing hitting new highs and Target showing its worst miss on earnings predictions in two years. What will this mean for holiday season and beyond? Gene Marks talks about this, as well as the impact of the overtime rule reverting back to 2019 and how businesses are clamping down on credit card expenditures by employees. Listen to the 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.

In this week's episode, Gene Marks takes a look at what's happening around the country following elections at the state level. California, which historically gets out in front of others to set trends on legislation, has new laws regarding discrimination enforcement and driver's licenses related to employment. Other states have minimum wage changes and ballot initiatives on paid leave, and New Jersey is flush with money for construction. 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.

In the aftermath of a heated election, managing politics in the workplace is more important than ever. On this episode of Paychex THRIVE, Gene is joined by Paychex Talent Enablement Partners Alisha Moberly and Lisa Reyes to share practical ways to manage political discussions and potential conflicts at work. Learn about different tolerance approaches for political expression, the importance of establishing clear policies, and how to equip leadership to handle these challenges. Plus, hear what a new administration could mean for your business.   For more in-depth information on managing politics in the workplace, check out Alisha's and Lisa's on-demand webinar: https://bit.ly/3CwGqHv   Topics include: 00:00 – Episode preview and welcome 00:38 – Introduction of guests Alicia Moberly and Lisa Reyes 01:08 – Explanation of what Talent Enablement Partners 01:57 – Specific services provided to support Paychex customers 02:55 – Start of discussion about navigating politics in the workplace 04:31 – Encouraging post-election workplace civility 06:49 – Differences between employer's political stance and tolerance in the workplace 08:06 – Approaches for political tolerance in the workplace 10:37 – Perspectives on employers taking a political stance 12:28 – Establishing and enforcing political tolerance policies 18:45 – Managing and mitigating conflicts related to politics 20:10 – Importance of leadership training 21:20 – Managing political differences with customers 23:06 – New administration's impact on employers 26:09 – Upcoming regulatory changes 27:14 – 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.

Economists have said that with tariffs comes inflationary pressure and with tax cuts comes deficits, but there have been some lights around the stock index futures. So, as with any new administration there are pros and cons. Gene Marks comments on what small businesses might be facing. In other news, an EEOC decision has made zero proof a standard for employee religious accommodation, and order fancy drinks at your wallet's risk because hidden fees are shaking people down. 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.

The real estate industry is in a state of flux, with shifting interest rates, inventory levels, and market dynamics creating both challenges and opportunities for buyers, sellers, and agents alike. On this episode of Paychex THRIVE, Tracy Tutor, a top real estate agent, best-selling author, and star of Million Dollar Listing Los Angeles, shares her invaluable insights into the current state of the market and strategies for navigating these changes. Tracy also gives us a peek into the day-to-day realities of a luxury real estate agent, debunking the glamorous portrayal often seen on TV — behind the scenes, it's a grind that requires dedication, strategic planning, and the ability to adapt quickly.   Topics include: 00:00 – Episode preview and welcome 01:19 – Introduction of Tracy Tutor 02:46 – Tracy's general overview of the real estate industry 05:15 – Impact of interest rates on real estate market 06:36 – Advice for buyers in the current market 09:36 – New taxes in California's luxury real estate market 12:02 – Strategies for real estate brokers in changing market conditions 14:19 – The National Association of Realtors (NAR) decision impact 17:52 – Importance of commission negotiation and education 20:27 – Misconceptions about real estate TV shows and reality 21:17 – A day in the life of a luxury estate agent 25:07 – Work-life balance and setting boundaries 27:01 – Thoughts on hiring and team building 28:50 – Wrap up and thank   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.

There are still funds to be found for businesses in 2024 that could set them up for 2025, and Gene Marks provides a roadmap. Businesses working in tech that supports capabilities that could benefit national defense can find a source in a new SBA program. There are grants available for education, and women startups that have a viable product prototype, not to mention grants available to restaurants who are recovering from natural disasters. Gene shares the names of the resource hubs, as well as a study that says people who give money to their children might not be gaining the expected impact. 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.

Small businesses expressed that inflation is their top concern with 93% of those surveyed indicating that for the past three years that it has been their primary focal point. Gene Marks shares the other concerns businesses have ahead of the election. This episode also focuses on how employers plan to use AI in hiring and the impact that could have. And for those who have pushed for a shorter work week, look to Iceland for the positive impacts such a move could produce. 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.  

We conclude our series live from the floor of HR Tech 2024 with John Phillips, vice president and general manager of Findem, an AI-driven talent acquisition platform. John explores how AI is reshaping the way businesses of all sizes connect with top talent — and it's not just about speed and efficiency. The traditional "post and pray" model is being replaced by a more dynamic, targeted, and human-centric process. Curious how AI can help build stronger connections, reduce bias, and find the perfect fit beyond the resume? It's all in this episode of Paychex THRIVE.   Topics include: 00:00 – Episode preview and welcome 01:21 – Introduction of John Phillips 01:46 – HR Tech 2024 highlights and trends 02:33 – Discussion on changing workforce demographics 03:46 – Impact of data consumption on younger generations 04:12 – Recruiting evolution and technology 05:17 – How AI enhances recruitment processes 07:00 – Speed and efficiency in hiring 08:12 – AI's role in inclusivity and reducing bias 12:16 – Creating a talent-first culture 13:29 – Benefits of efficient recruitment processes 13:57 – 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.

A study by the Small Business Administration reveals that breached records can cost as much as $164 per record and the cost of a breach to businesses with less than 500 employees can be as high as $3 million. Gene Marks shares some tips during Cybersecurity Month to help your businesses understand and mitigate threats. Gene also shares the skinny on the latest healthcare benefit employees seek; weight loss drugs. However, only 18% of businesses are offering it on their plans. Gene shares insights on the trend, as well as why one retail association predicts growth for the holiday season. 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.