How Running Your Business Might Change Under Proposed Regulations

As new regulations are proposed, it’s important that business owners understand the impact they could have on how they run their company. On this episode of Paychex THRIVE, a Business Podcast; host Gene Marks is talking with Gentry Collins, CEO of the American Free Enterprise Chamber of Commerce about some of the possible upcoming legislation. Listen in to hear about the importance of American Free Enterprise, the Credit Card Competition Act, federal minimum wage, and more.

Topics Include:

00:14 – Meet Gentry Collins 01:55 – American Free Enterprise Chamber of Commerce 02:12 – Threat to American free enterprise 04:20 – Why become a member of this organization 06:47 – The Credit Card Competition Act 09:16 – The negatives of this the Credit Card Competition Act 11:26 – Legislation and regulations the organization supports 14:52 – New rules for worker classifications 17:53 – The negative effects of national federal minimum wage 20:57 – Impact of immigration on the economy 24:36 – Wrap up

Learn more about the new proposed new worker classification rule at www.paychex.com/articles/compliance/dol-independent-contractor-rule.

Read more about some of the top regulatory issues businesses may face in 2023 at www.paychex.com/articles/compliance/top-regulatory-issues.

Find out more about the American Free Enterprise Chamber of Commerce at www.amfreechamber.com.

DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.