Experts advise Los Al Chamber members on changing regulations

Jordan Rivera, of Paychex Payroll Services, speaks to the monthly networking breakfast of the Los Alamitos Chamber of Commerce.

Three leading experts from the area business community gave Chamber members an update Friday on the latest trends evolving in governmental regulations and how they should react to stay in compliance with them.

According to Jordan Rivera, of Paychex Payroll Services, said the trend in payroll companies is for larger, human resources company to absorb them and then offer businesses a complete service.

Rivera said as part of his role at Paychex, he visits with a number of small businesses per week and he shared with many of the most common concerns with Chamber members at their monthly networking breakfast, held at Maderas Steak and Rib in Los Alamitos.

He provided tips to businesses on complying with changing unemployment rules, workers compensation and other compliance problems.

Brett Buettner, owner of Buettner Insurance Agency, Inc., gave Chamber members an overview of healthcare, one of the most vexing problems associated with employment insurance today.

Not only did he offer Chamber members advice on dealing with problematic employee claims, but he also offered advice on discrimination and compliance regulations facing business owners today.

He also explained terms such as SBC (Summary Benefit Coverage) and other options that are often buried deep within the fine print that business owners need to understand.

Buettner also touched on Covered California policies, explaining which employees now qualify for subsidies and how they must be handled.

Finally, David Boyer, of Wells Fargo Advisors, touched on investment changes, especially new fiduciary laws and retirement plans.

According to Boyer, pensions, for the most part, “have gone away” in corporate America and by-and large only now exists for government employees.

He explained new financial regulations and how to handle them, also briefly explaining best fiduciary practices for small businesses.

Courtesy photo