Welcome to The Clear PATH To Cash Podcast

In this episode, Cash Flow Mike speaks to Charles J. Read, founder of GetPayroll, to discuss how he began his business. They will also discuss some payroll problems that many business owners fall into and the PPP loans that business owners are unsure about. 

Let’s get into it, BUT FIRST...

- Go to CashFlowMike.com for all the show notes and links mentioned from this episode.

- Go to Youtube.com and search “Cash Flow Mike” and subscribe to the channel.

- Also make sure to click the bell button to be notified of all future episodes.

- Go to your favorite listening platform (iTunes, Spotify, Google Play) and

subscribe and leave a review.

Part 1: Content Notes:

Charles opens up by telling us about his extensive financial leadership experience in a broad range of industries, as well as being a licensed Certified Public Accountant (CPA).

Business owners get into trouble by not starting the payroll process correctly when they first incorporate the business. They fail to realize that they too are workers and they need to pay themselves W2 wages. 

Complying with national, state, and local laws is complicated and an ever - changing landscape. A big problem is when business owners misclassify contract workers leading to penalties that can be substantial for business owners.

Part 2: Content Notes:

Charles talks about the Payroll Protection Program (PPP) loans and how businesses have to navigate the responsibilities of taking on the loan. He goes on to say how these loans have saved some business from bankruptcy. 

“If you can’t make the deposit, don’t pay the payroll.” He goes on to say that cash flow is important to understand. 

Closing Remarks:

- Remember to go to CashFlowMike.com for all show notes and questions

regarding today’s episode.

- Remember to go to Youtube.com and subscribe there.

Support the show (https://www.elevatefinancialtraining.com/product-page/support-the-clear-path-to-cash-podcast)

Support the show (https://www.elevatefinancialtraining.com/product-page/support-the-clear-path-to-cash-podcast)