Payroll Mistakes That Cost Contractors BIG with Charles Read

Are payroll headaches draining your time and putting your business at risk? In this episode of Hard Hat to CEO, host Chris Gilman sits down with payroll expert Charles Read, a CPA and U.S. Tax Court Practitioner, to break down how contractors can avoid costly payroll mistakes, protect themselves from IRS penalties, and finally stop stressing over taxes. Charles shares why outsourcing payroll isn’t just convenient—it’s essential for protecting your cash flow and your company. From understanding the hidden costs of hiring employees to figuring out the difference between income and actual cash in hand, this episode is packed with practical advice for contractors ready to level up. Plus, Charles offers listeners a free copy of his book The Payroll Book (thepayrollbook.com) to help you stay in control and out of trouble. Connect with and learn more about Charles: Web: https://getpayroll.com/ Email: [email protected] Phone: 972-353-0000 Episode highlights: (0:00) Intro (1:19) Charles’ journey from the Marine Corps to a payroll expert (2:19) The 4 advisors every business owner needs (3:57) Why cash flow and income aren't the same (8:17) How fast-changing tax laws put you at risk (10:45) The real cost of hiring an employee (14:12) Misclassifying workers could cost you five figures (16:36) How to protect yourself from IRS penalties (20:20) The #1 reason to outsource payroll (23:09) Best payroll schedule for contractors (26:55) How to connect with Charles and get his free book Connect with Hard Hat to CEO on: Facebook: https://www.facebook.com/profile.php?id=61568344663212 Instagram: https://www.instagram.com/hardhattoceo/ LinkedIn: https://www.linkedin.com/in/dcgilman/