Podcast appearances and mentions of Gene Marks

Small Business Economy Steady; AI Remains a 'Toy'. Gene Marks reports on the small business economy, noting steady activity among machine parts manufacturers, often preparing for an "onshoring boom." Construction and housing are holding steady but anticipate a future boom as interest rates decline. Tariffs have a muted impact, often absorbed or passed on as separate invoice line items for transparency. Marks demonstrates that AI, despite its advances, is not ready for prime-time business use, failing to accurately generate a requested image of a Yorkshire Terrier hitting a home run.

Small Business Economy Steady; AI Remains a 'Toy'. Gene Marks reports on the small business economy, noting steady activity among machine parts manufacturers, often preparing for an "onshoring boom." Construction and housing are holding steady but anticipate a future boom as interest rates decline. Tariffs have a muted impact, often absorbed or passed on as separate invoice line items for transparency. Marks demonstrates that AI, despite its advances, is not ready for prime-time business use, failing to accurately generate a requested image of a Yorkshire Terrier hitting a home run.

SHOW 10-24-25 CBS EYE ON THE WORLD WITH JOHN BATCHELOR THE SHOW BEGINS IN THE DOUBTS ABOUT CANADA  IN THE EYES OF THE TRUMP ADMINISTRATION. FIRST HOUR 9-915 Pennsylvania Aims to Be AI Capital with US-Made Non-Lithium Batteries. Salena Zito reports on Governor Shapiro's plan to establish Pennsylvania as the AI and data center capital, capitalizing on its energy resources and university system. She focuses on EOS, a Turtle Creek company making non-lithium batteries that are 97% US-made, countering reliance on Chinese lithium. AI data centers require high energy reliability, favoring coal and natural gas infrastructure. Governor Shapiro supports this buildout, including a $22 million grant for EOS. 915-930 Italian Olive Harvest and Historical Vatican-UK Royal Visit. Lorenzo Fiori reports that the olive harvest in Tuscany is expected to be low in quantity due to mosquito damage caused by humidity and rain. However, recent strong winds helped remove damaged olives, potentially ensuring a "very tasty" oil. Fiori also discusses the historical visit of King Charles III to the Vatican's Sistine Chapel to pray with Pope Francis. This event, which Fiori found spectacular, is seen as crucial for restoring dialogue between the Anglican and Catholic Churches after centuries of division. 930-945 Small Business Economy Steady; AI Remains a 'Toy'. Gene Marks reports on the small business economy, noting steady activity among machine parts manufacturers, often preparing for an "onshoring boom." Construction and housing are holding steady but anticipate a future boom as interest rates decline. Tariffs have a muted impact, often absorbed or passed on as separate invoice line items for transparency. Marks demonstrates that AI, despite its advances, is not ready for prime-time business use, failing to accurately generate a requested image of a Yorkshire Terrier hitting a home run. 945-1000 Small Business Economy Steady; AI Remains a 'Toy'. Gene Marks reports on the small business economy, noting steady activity among machine parts manufacturers, often preparing for an "onshoring boom." Construction and housing are holding steady but anticipate a future boom as interest rates decline. Tariffs have a muted impact, often absorbed or passed on as separate invoice line items for transparency. Marks demonstrates that AI, despite its advances, is not ready for prime-time business use, failing to accurately generate a requested image of a Yorkshire Terrier hitting a home run. SECOND HOUR 10-1015 Pacific Palisades Housing Dispute and West Coast Infrastructure Challenges. Jeff Bliss covers West Coast issues, including traffic disruption from new high-speed rail construction between Southern California and Las Vegas. Pacific Palisades residents are protesting state and local plans to use burned-out lots for high-density, multistory affordable housing, fearing the change in community character and increased traffic. Additionally, copper theft from EV charging stations is undermining Los Angeles's zero emissions goals. Homeless encampments are also sparking major brush fire concerns in areas like Malibu and the Sepulveda Basin. 1015-1030 Pennsylvania Pursues Data Center Hub Status, Converting Golf Courses. Jim McTague reports on Pennsylvania's effort to become a data center hub, citing over $90 billion committed investment statewide. York County secured $5 billion, with plans including converting Brierwood Golf Course into a data center. This effort faces public resistance fueled by fears of higher electricity and water prices. McTague notes that consumer spending in Lancaster County is "steady." The conversion of golf courses reflects the decline of golf, seen as a "dinosaur" activity that takes too much time. 1030-1045 Professor Epstein Slams Trump's Economic Policies as 'State Socialism'. Professor Richard Epstein analyzes four Trump administration economic decisions concerning Intel, Nvidia, US Steel, and MP Mining, labeling them forms of state-owned enterprise or "state socialism." Epstein argues that acquiring golden shares or negotiating side deals—like Nvidia paying 15% of China revenue—destroys market value, undercuts competitors, and violates the neutral application of laws. He also critiques the Gaza deal, stating Hamas must be wiped out before any subsequent phases of the agreement can proceed. 1045-1100 Professor Epstein Slams Trump's Economic Policies as 'State Socialism'. Professor Richard Epstein analyzes four Trump administration economic decisions concerning Intel, Nvidia, US Steel, and MP Mining, labeling them forms of state-owned enterprise or "state socialism." Epstein argues that acquiring golden shares or negotiating side deals—like Nvidia paying 15% of China revenue—destroys market value, undercuts competitors, and violates the neutral application of laws. He also critiques the Gaza deal, stating Hamas must be wiped out before any subsequent phases of the agreement can proceed. THIRD HOUR 1100-1115 cMcNamara at War: Loyalty, Secrets, and the Vietnam Conflict. Professor William Taubman discusses Robert McNamara's complicated role during the LBJ years. McNamara enabled the Vietnam War escalation, notably misrepresenting the Gulf of Tonkin incidents to Congress. Despite later secretly opposing the war ("I want so badly to bring the boys home"), he remained silent due to loyalty to Johnson and the presidency. Taubman also details McNamara's role spying on the Kennedys for LBJ and his "loving" relationship with Jackie Kennedy. His post-Pentagon role at the World Bank served as a form of repentance. 1115-1130 cMcNamara at War: Loyalty, Secrets, and the Vietnam Conflict. Professor William Taubman discusses Robert McNamara's complicated role during the LBJ years. McNamara enabled the Vietnam War escalation, notably misrepresenting the Gulf of Tonkin incidents to Congress. Despite later secretly opposing the war ("I want so badly to bring the boys home"), he remained silent due to loyalty to Johnson and the presidency. Taubman also details McNamara's role spying on the Kennedys for LBJ and his "loving" relationship with Jackie Kennedy. His post-Pentagon role at the World Bank served as a form of repentance. 1130-1145 cMcNamara at War: Loyalty, Secrets, and the Vietnam Conflict. Professor William Taubman discusses Robert McNamara's complicated role during the LBJ years. McNamara enabled the Vietnam War escalation, notably misrepresenting the Gulf of Tonkin incidents to Congress. Despite later secretly opposing the war ("I want so badly to bring the boys home"), he remained silent due to loyalty to Johnson and the presidency. Taubman also details McNamara's role spying on the Kennedys for LBJ and his "loving" relationship with Jackie Kennedy. His post-Pentagon role at the World Bank served as a form of repentance. 1145-1200 cMcNamara at War: Loyalty, Secrets, and the Vietnam Conflict. Professor William Taubman discusses Robert McNamara's complicated role during the LBJ years. McNamara enabled the Vietnam War escalation, notably misrepresenting the Gulf of Tonkin incidents to Congress. Despite later secretly opposing the war ("I want so badly to bring the boys home"), he remained silent due to loyalty to Johnson and the presidency. Taubman also details McNamara's role spying on the Kennedys for LBJ and his "loving" relationship with Jackie Kennedy. His post-Pentagon role at the World Bank served as a form of repentance. FOURTH HOUR 12-1215 Trump Administration's Economic Interventionism Questioned as 'State Capitalism'. Veronique de Rugy critiques the Trump administration's economic policies regarding companies like Intel, US Steel, and MP Mining, calling them "state capitalism" or forms of nationalization. She argues that the government acquiring a minority share in Intel creates bad incentives and unfair competitive advantages. Regarding MP Mining, de Rugy notes that guaranteeing a price floor fails to address the underlying issue of government regulation hindering rare earth production in the US.E 1215-1230 The Postponement of the Budapest Meeting and Negotiating with Putin. Cliff May discusses the postponement of the Trump-Putin Budapest meeting, attributing it to Marco Rubio insisting on a cessation of hostilities, which Foreign Minister Lavrov rejected, demanding "all Ukraine." May warns President Trump against being outnegotiated, referencing Stalin's success over Roosevelt and Churchill at Yalta. Putin admires Stalin, who expanded the Russian Empire and engineered the Holodomor famine. May stresses that Russians negotiate only to win, not to compromise. 1230-1245 NASA's Artemis Woes, Chinese Debris, and Global Space Industry Shifts. Bob Zimmerman discusses NASA's Artemis program, noting Administrator Sean Duffy is using a social media feud with Elon Musk as a "shiny object" to distract from the Orion capsule's untrustworthy heat shield risks. Other space issues include China's dangerous rocket debris crashes, some using highly toxic fuels, and European satellite companies consolidating into Project Bromo due to competition. Zimmerman also highlights the discovery of a large asteroid orbiting near Venus and Lockheed Martin's investment in Venus Aerospace's radical rocket engine design. 1245-100 AM NASA's Artemis Woes, Chinese Debris, and Global Space Industry Shifts. Bob Zimmerman discusses NASA's Artemis program, noting Administrator Sean Duffy is using a social media feud with Elon Musk as a "shiny object" to distract from the Orion capsule's untrustworthy heat shield risks. Other space issues include China's dangerous rocket debris crashes, some using highly toxic fuels, and European satellite companies consolidating into Project Bromo due to competition. Zimmerman also highlights the discovery of a large asteroid orbiting near Venus and Lockheed Martin's investment in Venus Aerospace's radical rocket engine design.

Small Business America's Muted Response to Tariffs. Gene Marks discusses how small businesses across industries like building materials, corrugated boxes, and machine parts report a "very muted" impact from tariffs. While members are seeing indirect price increases, these smaller domestic companies are generally not buying goods directly from overseas. Their strategy involves cutting overhead, absorbing increases, or passing costs to customers. Organizers confirm members are nervous but note tariffs have not yet caused a major impact, suggesting that "so far so good."

On this week's episode of the Paychex THRIVE Week in Review, host Gene Marks dives into the ongoing government shutdown and its profound impact on small businesses, strategies to conserve cash during these turbulent times, and Google's latest initiatives to help small businesses leverage AI in a rapidly digitalizing economy. Plus, a deep dive into how tariffs are challenging yet reshaping industries for the better. Additional resources Make Paychex an extension of your team: https://bit.ly/meet-paychex 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 economy has its cheerleaders and detractors, but one thing that is keeping it propped up is the small businesses of America. The Paychex Small Business Employment Watch shows that despite the hourly earnings growth coming in below 3% for 11 straight months, it has stayed consistent at about 2.7%. This is based on real payroll numbers, and with government job numbers not based on that – and missing last week because of the shutdown – it's important to have reliable job and wage data. Gene Marks shares a new way to measure income data, plus he discusses how data doesn't reflect AI taking people's jobs in America as of yet. Listen to the podcast. Additional Resources Check out how Paychex helps businesses 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 THRIVE, Gene Marks sits down with Jason Rose, Senior Vice President of Digital Sales and Marketing at Paychex, to unpack what really drives marketing success. From his unlikely start as a CPA to leading marketing at publicly traded companies, Jason shares insights on building brands that turn customers into evangelists. Discover why “ruthless consistency” beats flashy campaigns, how AI-powered search is improving lead quality, and the one question Jason asks to measure marketing success (hint: it's not about metrics). Whether you're a solo entrepreneur crafting your first Google ad or a seasoned business owner building a marketing department, Jason delivers practical advice you can implement immediately. Year-end is just around corner! Get your payroll in order with this checklist: https://bit.ly/4nzDFb5 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 introduction 01:57 – Jason's career journey from CPA to marketer 05:00 – Marketing strategy and data complexity 07:33 – Companies doing marketing right  10:27 – Beyond leads: Building your brand 13:33 – Why everyone is in marketing 15:37 – Scaling your marketing: Messaging and content strategy 19:15 – SEO in the AI era 24:17 – Paid advertising for small businesses 27:35 - Hiring marketing talent 29:55 - Evaluating marketing performance 32:36 - The future of marketing with AI 35:42 - Marketing as a service organization 37:17 - Jason's dream business 38:03 - 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 economy looks to have taken a turn in the right direction with Gross Domestic Product showing growth in the second quarter, while consumer spending also increased again. Gene Marks says this is a positive step, but he also warns businesses about relying on statistics that keep getting revised. And speaking of reliability, a major bank reported that nearly one-quarter of businesses are in survival mode and the U.S. Chamber of Commerce reports that 76% of businesses surveyed are comfortable with their cash flow. One thing is for sure, the labor market is softening and if businesses are thinking about recruiting, then TikTok videos might be the way to get the good word out. Listen to the podcast.  Additional Resources Check out how Paychex helps businesses 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.  

Gene Marks reports that massive spending by tech giants on data centers is driving demand for aluminum, steel, and copper, offsetting the softening commercial construction market. 1905 BUTTE MT

Gene Marks reports that massive spending by tech giants on data centers is driving demand for aluminum, steel, and copper, offsetting the softening commercial construction market. 1920S FORDS

Preview: Gene Marks reports that massive spending by tech giants on data centers is driving demand for aluminum, steel, and copper, offsetting the softening commercial construction market. 1960

A provision in the new tax law offers employees no tax on tips, so Gene Marks level sets what guidance has been provided — proposed job eligibility, the deduction limit, what taxes still must be deducted — and points to other information employers and employees will require. Gene says that employees need to be aware this is a deduction to be taken at tax filing time, that employers should be aware that state tip credit is not impacted, and they should help educate employees on the new W-2 forms that will be required in 2026. Listen to the podcast. Make Paychex an extension of your team: https://bit.ly/meet-paychex Learn more about no taxes on tips and overtime: https://bit.ly/no-tax-tips See what jobs are eligible for no tax on tips: https://bit.ly/no-tax-tips-eligible-jobs 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.

Think you know what female employees want? Think again! Wharton economist Dr. Corinne Low joins Gene Marks to shatter conventional wisdom with surprising research from her new book Having It All. Dr. Low shares why today's mothers spend twice as much time with their children as previous generations and how this shift is reshaping workplace needs in unexpected ways. The biggest surprise? Women don't actually want flexibility — they crave predictability. From debunking the “lean in” myth to exposing the hidden costs of burnout, this episode delivers data-driven strategies that will transform how you think about supporting your female workforce. Tune in and turn research into your competitive advantage. Spending too much time on HR tasks? Discover how the right support can give you hours back in your week at https://bit.ly/meet-paychex 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 introduction 03:50 – Dr. Low's background and research 05:28 – Overview of Dr. Low's new book 07:31 – Why modern motherhood feels harder 09:09 – Debunking the flexibility myth 12:32 – Predictibility vs. flexibility 14:19 – Gender differences in workplace needs 15:17 – Understanding “The Squeeze” period 22:01 – The childcare cost crisis 25:28 – The lifecycle investment approach 30:40 – 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 Producer Price Index is declining and the Purchasing Price Index has fallen a third time in 2025, all used to determine inflation, yet Gene Marks says the “Big I” isn't the huge threat everyone thinks it is. He looks at potential interest cuts as a possible result, which might help businesses. Also, a boon or manufacturing businesses is a new SBA loan program with less red tape and an 85% guarantee by the agency. Safety training programs are getting better funded, which is great news for workers and employers who want to avoid OSHA penalties. And talk about “safety net” but 67% of pet owners would switch jobs if they had to give up remote work and staying with their pets. Make Paychex an extension of your team: https://bit.ly/meet-paychex 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.

Gene Marks describes a mixed economic picture, noting that a national "slowdown" isn't universally felt, with many small businesses thriving. He highlights challenges like rising healthcare costs, spurring interest in self-insurance and health reimbursement arrangements. Marks discusses AI's impact on the workforce, specifically reducing sales and tech roles in large companies like Salesforce, but predicts a surge in demand for skilled trades not easily replaced by AI. 1920 ROOSEVELT AND COX

CONTINUED Gene Marks describes a mixed economic picture, noting that a national "slowdown" isn't universally felt, with many small businesses thriving. He highlights challenges like rising healthcare costs, spurring interest in self-insurance and health reimbursement arrangements. Marks discusses AI's impact on the workforce, specifically reducing sales and tech roles in large companies like Salesforce, but predicts a surge in demand for skilled trades not easily replaced by AI. 1918

PREVIEW 5: Economic Indicators Show Positive Trends John Batchelor converses with Gene Marks, a columnist for the Guardian and Philadelphia Inquirer, about the economy. He reports strong demand across various regions, noting that demand picked up after the recession. According to ADP data, annual raises average 4.5% for employees staying in their jobs and 7% for those changing jobs, outpacing the 2.5-3% inflation rate. The booming stock market contributes to people feeling wealthier, benefiting the contracting and construction industries.

The Paychex Small Business Employment Watch reports job numbers remain flat, while national hourly earnings stay below 3% growth for a 10th straight month. Gene Marks points to a continued slow down, citing the paltry 22,000 jobs reported by the Bureau of Labor Statistics and a national unemployment rate at 4.3%. However, Gene says this creates opportunity for small businesses to snap up top talent. Also, a survey notes that more than one-quarter of participating employees are seeking financial resources from employers, a perfect time for employers to offer added value. And can entrepreneurship be taught? Gene has some thoughts on to what degree this is possible. Additional resources Make Paychex an extension of your team: https://bit.ly/meet-paychex  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 secretly driving away top talent? This episode of THRIVE will tell you how to find out. Join host Gene Marks as he sits down with Paychex HR experts Alison Stevens and Michael Majors to chat about Employer IQ — a game-changing diagnostic tool that reveals exactly where your HR practices are helping or hurting your business. Discover the most common blind spots, learn exactly when it's time to hire your first HR person, and find out how this simple assessment can transform your business from a revolving door into a talent magnet. Ready to find out your Employer IQ? Visit: https://bit.ly/3IedlUq 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 01:11 – Employer IQ overview 04:34 – Motivation behind Employer IQ 06:25 – How to use the platform 09:42 – Roll-out strategy 12:19 – Usage scenarios and benefits 14:45 – Future vision for platform 17:23 – Employee input and industry verticals 18:55 – How to access Employer IQ 19:58 – 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.

This week, Gene Marks makes a surprising claim: his business is “unsellable.” Never mind that it's profitable. Never mind that it gave him the freedom to live the life he wanted and that it has left him and his wife financially secure for retirement. According to Gene, the business can't be sold because it's too dependent on him and because it has no IP, no exclusivity, and no moat. But is he right? Aren't those the same challenges faced, for example, by countless HVAC and plumbing companies that private equity firms buy every day? Couldn't Gene make his business sellable if he wanted to? What do you think? Is Gene leaving money on the table? Or has he just chosen the path that's right for him and for his family?

Businesses earned a victory for the second time when an appeals court upheld a ruling that the administration's tariffs are unconstitutional. However, Gene Marks says that regardless of an appeal, the bag of tricks is endless to keep taxing businesses with tariffs. And this is on top of the de minimis exemption expiring, meaning any imported goods of less than $800 will also face tariffs. Employers also face disengaged and disenchanted employees experiencing quiet cracking. Gene suggests employers get cracking to offset the 54% of employees whose productivity has declined. Additional resources Make Paychex an extension of your team: https://bit.ly/meet-paychex 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.  

Gartner predicts a significant shift in the adoption of artificial intelligence (AI) within enterprise applications, forecasting that by 2026, 40% of these applications will feature task-specific AI agents. This marks a dramatic increase from less than 5% in 2025, with AI expected to drive around 30% of enterprise application software revenue by 2035. Concurrently, AI-enabled personal computers are projected to dominate the global PC market, claiming over 50% by 2026. Despite market challenges such as high costs and security concerns, businesses are increasingly investing in AI technologies, although consumer sentiment remains cautious, with many waiting for price reductions before making purchases.The podcast also discusses the evolving landscape of AI adoption among small to mid-market businesses. A survey by Techaisle reveals that these companies are prioritizing strategic consulting over mere tool acquisition, seeking comprehensive services that encompass the entire lifecycle of AI implementation. This shift indicates a maturation of the AI services market, as organizations focus on responsible AI use and tailored solutions that address their unique operational needs. However, Gene Marks highlights that many small business owners are still in the experimental phase, using AI tools like chatbots for basic tasks rather than fully integrating AI into their operations.Earnings reports from major tech companies such as NVIDIA, Dell, HP, and CrowdStrike reveal a mixed picture regarding AI's impact on their financial performance. NVIDIA reported substantial revenue growth but faced concerns about an AI bubble and geopolitical tensions affecting its market. Dell's earnings exceeded expectations, but its forecast fell short, while HP noted that a quarter of its PC sales were AI-enabled. CrowdStrike, on the other hand, struggled with a disappointing revenue outlook amid ongoing challenges, including litigation related to an IT outage.The episode concludes with a sobering discussion about the darker implications of AI, highlighting a tragic case where a former Yahoo executive, influenced by AI interactions, committed murder and suicide. This incident raises urgent questions about the psychological risks associated with AI, particularly for vulnerable users. The podcast emphasizes the importance of IT providers in establishing guardrails and policies to ensure safe AI adoption, underscoring that the difference between responsible use and dangerous misuse lies in proper training and oversight. Four things to know today 00:00 Enterprises Race Ahead on AI Agents and PCs, While SMBs Struggle With Strategy and ROI 06:14 Big Tech Shouts “AI,” Wall Street Shrugs — What It Means for SMBs and IT Providers 11:19 Rev.io Enters PSA Market With All-in-One MSP Platform, Betting on AI and Billing Expertise 13:30 Chatbot-Linked Killing Highlights Dark Side of AI and Why Providers Must Set Guardrails  This is the Business of Tech.    Supported by:  https://syncromsp.com/  All our Sponsors: https://businessof.tech/sponsors/ Do you want the show on your podcast app or the written versions of the stories? Subscribe to the Business of Tech: https://www.businessof.tech/subscribe/Looking for a link from the stories? The entire script of the show, with links to articles, are posted in each story on https://www.businessof.tech/ Support the show on Patreon: https://patreon.com/mspradio/ Want to be a guest on Business of Tech: Daily 10-Minute IT Services Insights? Send Dave Sobel a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/businessoftech Want our stuff? Cool Merch? Wear “Why Do We Care?” - Visit https://mspradio.myspreadshop.com Follow us on:LinkedIn: https://www.linkedin.com/company/28908079/YouTube: https://youtube.com/mspradio/Facebook: https://www.facebook.com/mspradionews/Instagram: https://www.instagram.com/mspradio/TikTok: https://www.tiktok.com/@businessoftechBluesky: https://bsky.app/profile/businessof.tech

Preview: Steel & AI. Colleague Gene Marks comments that steelmakers are cheered by AI because of the vast build out of data centers needing steel. More later. 1959

As news of tariffs comes and go, one recent study found that a majority of small businesses have had zero exposure to international supply chains and 45% source more than half of their materials from their city or state. Gene Marks also talks about high levels of optimism among these businesses. More good news: Manufacturing expanded at its fastest pace in August since 2022. Tempering that is a projected 10% hike in healthcare costs that could create challenges for businesses, so Gene offers tips on how to approach this. Plus, a major jump in AI adoption by small businesses. Webinar: ICE Raids and I-9 Audits: How to protect your business from costly mistakes. (go.paychex.com/i9webinar) 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 Producer Price Index, which is an indicator for the rate of inflation, rose to a point that is significantly higher than it has been recently. This means consumers could be seeing higher costs come their way. However, Gene Marks points out that consumers don't seem deterred. They are spending, and the retail sales uptick bears that out. Small businesses also don't appear worried, as the latest Small Business Optimism Index jumped 14 points while 65% of those surveyed rated their business health as excellent or good. 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 explains why he -- like many other business owners -- long ago gave up on trying to promote his business through Google AdWords and why he's hopeful that AI will break Google's monopoly on search. That's nowhere close to happening, but you can see the changes coming with the arrival of Google Overviews and with businesses trying to figure out what it takes to get discovered on ChatGPT. In the meantime, Gene's placing his promotional bets on YouTube.

Preview: AI and Employees. Colleague Gene Marks comments that AI will take jobs away and yet also create jobs. More later. 1904 PITTSBURGH

Small businesses are benefitting from the resiliency and a rise in consumer spending, but how much is really the impact of higher prices? Gene Marks shares the latest data in this episode. He also looks at the top 3 reasons why employers are getting sued by employees, and two of them never seem to change. Big-time corporations such as AT&T and Microsoft have mandated new return-to-office policies. Gene leans toward flexibility as the key to making it work. A recent survey found that nearly three-quarters of employees aren't hunting for jobs, but what that will mean for talent acquisition. 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.

Summary In this conversation, Jason Weber and Mark Butterfield discuss the upcoming Aluminum Summit, highlighting its significance as a major event for the aluminum industry. They delve into the various workshops, networking opportunities, and keynote speakers that will be featured, emphasizing the importance of learning and collaboration within the industry. The discussion also touches on market trends, challenges, and the need for the next generation of professionals in the field. Takeaways The Aluminum Summit occurs every four years, with the next one in September. Networking opportunities at the summit are invaluable for industry professionals. Workshops will cover a wide range of topics, including anodizing and extrusion. The Extrusion Excellence Workshop is a key learning opportunity for attendees. General sessions will address critical industry issues like trade and tariffs. The keynote speaker, Gene Marks, will provide insights on navigating economic challenges. Focus sessions will cater to various aspects of the aluminum industry. Understanding market trends is essential for industry growth and adaptation. The summit aims to foster collaboration between extruders and finishers. Encouraging the next generation of professionals is vital for the industry's future.   For details about the Aluminum Summit Visit - https://members.aec.org/page/aluminum-summit-about

Gene Marks, CPA, business owner, and founder of The Marks Group PC, joins the show to make the case that it's time to rethink how we measure labor in the U.S. With outdated metrics and a changing economy, Gene breaks down what small and mid-sized businesses are really facing and why our national labor stats may no longer tell the full story.

This week, Gene Marks breaks down an economic outlook full of uncertainty. From strong GDP growth battling rising inflation to unexpected job market revisions and the growing impact of tariffs, there's plenty for small businesses to consider. On the brighter side, learn how OSHA's new penalty reductions are bringing relief to employers with safe practices. With cautious optimism for more stable times, Gene offers the insights you need to help your business stay resilient. 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.

Gene Marks sits down with Senior Benefits Manager at Paychex, Tami Tillery, to answer the top questions from a recent webinar on the evolving landscape of employee benefits. They discuss how businesses, particularly in rural and underserved areas, can creatively manage healthcare costs while providing robust employee benefits. A major focus is on leveraging technology and innovative solutions such as telehealth, mobile health units, and AI to enhance employee well-being in a cost-effective manner. Whether you're a small business or a large enterprise, understanding how to effectively manage benefits and costs is crucial. Watch the on-demand webinar, Sustainable Benefit Strategies for Every Business Stage, at: https://bit.ly/4mt98uO 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 00:41: Overview of the "Sustainable Benefit Strategies" webinar 01:28: Rising healthcare costs insights 02:27: Strategies for rural employers 05:19: Healthcare costs and age groups 07:10: How to pick insurance plan designs from different carriers 10:21: Feasibility and advice for small businesses to offer group insurance 14:33: Getting the right benefits support 20:25: Strategies for rural employers balancing costs and quality 23:50: Predictions on future benefits trends 30:17: 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.

Preview: Health insurance: Colleague Gene Marks comments that health insurance cost for small business continues to rise each year. More. 1959 FRBRUARY

In this week's episode of the Paychex THRIVE Week in Review, host Gene Marks provides an analysis of current trends impacting small businesses. Highlighting data from the Paychex Small Business Employment Watch and CNBC's Small Business Confidence Index, he discusses the stable job growth and increased economic optimism among small business owners, despite challenges like tariffs. This episode also touches on a noted decline in business transactions, according to BizBuySell, due to economic uncertainties, illustrating a nuanced landscape for small enterprises navigating 2025.   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 SBA continues to make changes to revitalize manufacturing in America, and small businesses could be the biggest beneficiary of new programs, loan access, and training. A CEO of an insurance company throws up a warning flag to small businesses about rising healthcare costs and the potential impact on employees. Gene Marks also talks about how voluntary benefits impact talent acquisition and retention, citing that more than two-thirds of employers think they're important as part of the compensation package. And ethics at the leadership level are influencing employees' decisions to stay or go. 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.

In this episode of Main Street Matters, Elaine Parker and Gene Marks discuss the pressing challenges faced by small businesses, including rising costs, cash flow issues, and the impact of high interest rates. They explore the effects of inflation, tariffs, and international trade dynamics on the economy. The conversation also covers the implications of the Tax Cuts and Jobs Act for small businesses, the significance of education freedom, and the challenges of college debt. Additionally, they discuss the benefits of health savings accounts for business owners and the need for fiscal responsibility in government spending.See omnystudio.com/listener for privacy information.

PREVIEW: SMALL BUSINESS AMERICA: Colleague Gene Marks reports the optimism in merchants and builders waiting for the economy to improve. More to come. APRIL 1959

Employers are getting wise to their over-employed employees – the ones working multiple jobs on the clock and dime of their main boss. Gene Marks says this type of flexibility might be necessary to keep good employees, and he's OK with it as long as individuals are finishing their work satisfactorily and on time. Speaking of time, Gene points out a report that shows remote workers clocking 2.65 hours less than in-office workers. Plus, Gen Zers scored poorly in financial literacy, startups reach near-historic highs, and small businesses can take a victory lap after winning a lawsuit that allows for the continuation of auto-renewals on subscriptions and memberships. 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.

With the tax and spending bill now law, there is much the government needs to do to implement the changes that include many tax deduction carryovers made permanent from the Tax Cuts and Jobs Act of 2017. Gene Marks offers his take, noting businesses should prepare to take advantage of changes to bonus depreciation and research and development – both now returned to 100%. Business owners will have a cap increase of $2 that will be tax exempt on their estates. Plus, employers should plan for changes to the taxes on overtime and tips for eligible employees. Check Out Additional Content Article: https://bit.ly/tax-and-spending-bill Upcoming Webinar: https://bit.ly/tax-bill-webinar 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.

Step onto the floor of the AICPA Engage 2025 conference in Las Vegas with THRIVE! On this special best-of episode, host Gene Marks chats with accounting's brightest minds, uncovering insights on AI, change management, recruiting, and the future of the profession. From Mark Koziel's take on why AI won't replace accountants to Sabrina Parris' surprising connection between beekeeping and bookkeeping, this episode is your backstage pass to the conversations shaping accounting. 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://bit.ly/3U4NPEA Topics include: 00:00 – Episode preview and welcome 00:37 – Mark Koziel, president and CEO, AICPA 06:08 – Daniel Hood, editor-in-chief, Accounting Today 09:26 – Nicole Ksiazek, senior director, Sage 13:53 – Roman Kepcyk, director of firm technology strategy, Rightworks 16:17 – Sabrina Parris, president, Honeycomb State Tax Strategies 21:08 – Calvin Harris, CEO, New York State Society of CPAs 24:40 – Jeremy Wortman, owner, HRD Initiatives 29:15 – Sherron Permashwar, principal and CPA, BMP Tax and Accounting Services  32:47 – Wrap up DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

That's what Gene Marks thinks. In this week's conversation, Gene lists the tax changes in President Trump's big beautiful bill that he's happiest about, while emphasizing that what he's really happiest about is the tax certainty that passage of the bill creates for business owners. Gene also explains why he thinks owners who complain about Trump's tariffs have no one to blame but themselves and why he's not all that concerned about the uncertainty the tariffs are generating, including what will happen this week when Trump's Liberation Day pause expires.

As consumer confidence backslides in June, surprising analysts whose projections were more positive, businesses should plan for a potential pause in purchasing. Tariffs and inflation fears are hitting Main Street. Gene Marks points to the steady job growth reported in the Paychex Small Business Employment Watch during the first half of 2025 as a plus but wage growth lags behind inflation. A new cyber threat involves employee handbooks, so Gene suggests shoring up training, and for all those leaning heavily into AI to write, the CEO of LinkedIn says it's not great and could hurt credibility. Listen to the podcast. Check Out Additional Content Article: https://bit.ly/tax-and-spending-bill Upcoming Webinar: https://bit.ly/tax-bill-webinar Report: https://bit.ly/smb-employment-watch DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

As the Federal Reserve 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.

This week, Gene Marks tells us why he's skeptical of corporate CEOs like Amazon's Andy Jassy who have started telling employees that they are likely to lose their jobs as the company continues to adopt tools that use artificial intelligence. Gene thinks CEOs who blame AI for corporate layoffs are really covering for bad management. In fact, he thinks anyone who is already replacing employees with AI is a fool. On the other hand, Gene tells us he's incorporating AI tools into almost every aspect of his business, and he gives us some examples.

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.

On the one hand, Gene Marks tells us this week that the GOP tax bill that has passed the House and is being debated in the Senate contains a lot of elements that should cheer business owners. Specifically, the pass-through deduction would get extended and increased, the capital-equipment deduction would go back to being 100-percent deductible in the first year, and the research-and-development deduction would also go back to being fully deductible in the first year. On the other hand, Gene believes the Big Beautiful Bill is going to be a big ugly problem for business owners. But I'll let him explain.

Preview: Colleague Gene Marks introduces the Google Gemini translator that can be contained in earpods. More later. AUGUST 1958

Preview: Colleague Gene Marks comments on the report that owners who dismissed workers thinking of AI workarounds now regret. More later. 1959

Preview: Colleague Gene Marks recommends small business owners seek guidance if they are dependent upon suddenly impractical PRC supply chains. More" 1958

Preview: Colleague Gene Marks comments on the old-fashioned mission-directed management style of Elon Musk. More later 1958