Pay Transparency, Tax Write-Offs, and AI Wishful Thinking

A new Mercer survey finds that only 54% of U.S. employers are ready to comply with pay transparency regulations, while host Gene Marks says it’s a smart business practice, whether or not your state requires it. A 1-800Accountant survey reveals that 57% of small business owners admit to questionable tax deductions, with complexity, not intent, being the real culprit. And while a Goldman Sachs study shows most small businesses are using AI, only 14% have truly integrated it into core operations. Listen to the podcast.

Topics: 00:00 - Introduction 01:00 - Pay Transparency 03:44 - Questionable Tax Deductions 06:32 - Small Businesses and AI 09:27 - Episode Wrap Up

Additional Resources

Meet Paychex: https://bit.ly/3VtM6bs

Article on AI for small business: https://bit.ly/4uVEhvW

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.