WXXI AM News

paychex

In this WXXI Business Report, Randy Gorbman explains the main findings from Paychex's latest Small Business Employment Watch - it shows a small increase in hiring, but a slight decrease in wage growth. Plus, Wegmans opens store number 97!

Paychex is among the locally based companies being impacted by the new federal tax legislation.

CEO Marty Mucci says the company currently is in a 35-percent tax bracket, but with the new tax bill, the company will see a substantial reduction in corporate taxes.

The latest Paychex-IHS Small Business Employment Watch is out; we talk about the changes in job growth and wage growth in the November survey.

We also talk about some changes for the Xerox Board of Directors; One director, who has worked with activist investor Carl Icahn is resigning, but he and three others will seek to join the board next year.

And there are corporate changes for a local high-tech company, iCardiac Technologies.

Paychex is out with a new survey on what small businesses around the country think about the new tax reform plan. As of late last month, there were some differing opinions.

Also, we recap Xerox CEO Jeff Jacobson's presentation at a financial conference where he points out what the company will need to do to improve revenues, and we highlight a big gift for Hobart and William Smith Colleges.