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:

Get Payroll Website

Charles Read on LinkedIn

Resources:

Million Dollar Flip Flops

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