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84 | Navigating Payroll Pitfalls with Get Payroll Founder Charles Read
Manage episode 442194037 series 3527009
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In this episode of The Million Dollar Flip Flops Podcast, Rodric Lenhart sits down with Charles Read, President and CEO of Get Payroll. Charles, a seasoned CPA and U.S. Tax Court practitioner, talks about the common pitfalls around payroll and compliance, revealing how businesses can navigate a changing landscape.
Charles discusses the recent rule changes affecting independent contractors, the political influences on these regulations, and the potential impact on businesses. He also highlights the common mistakes in payroll processing - such as misclassification - that can lead to costly penalties.
What You’ll Hear in This Episode:
- The potential impact of regulatory changes on the gig economy
- Key payroll pitfalls and how to avoid them
- Why accurate payroll processing is crucial to avoid penalties
- The importance of professional payroll services for business owners
- Some of the common hiring mistakes that can land you in hot water
Quote:
"You’re a successful businessman... but when the IRS comes calling, you’re Beckham at second base. You’re out of your league."
– Charles Read
Guest Links:
Resources:
Ready to transform your business and your life while making a difference? Grab your copy of *Million Dollar Flip Flops*—the ultimate guide to creating a life and business that feels just as good as it looks. And here’s the best part: 100% of the proceeds go directly to our foundation, Send a Student Leader Abroad, with a goal of sending 1,000,000 deserving kids on life-changing trips around the world.
As a thank you for your support, we’re offering exclusive bonuses available only for our podcast listeners. These bonuses are packed with extra tools and resources to help you implement the principles from the book faster and more effectively.
Don’t miss this opportunity to gain invaluable insights, impact a young leader’s life, and be a part of something bigger.
Click the link, order your copy, and claim your listener-only bonuses today!
Together, let’s change lives—one trip at a time.
www.MillionDollarFlipFlops.com/book
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