My Favorite Mistake — 142: CEO & CPA Charles Read’s Hubris Led Him to Think He Could Do Everything

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My guest for Episode #142 of the My Favorite Mistake podcast is Charles Read, the president and CEO of the company GetPayroll. He is an MBA, CPA, U.S. Tax Court Practitioner (USTCP), Internal Revenue Service Advisory Council (IRSAC), Employment Tax Expert, IRS Watchdog, and Small Business Advocate.

Charlesis an accomplished senior executive and entrepreneur with more than 50-years of financial leadership experience in a broad range of industries, as well as a licensed Certified Public Accountant (CPA).

Charles is a decorated United States Marine Corps sergeant, a combat veteran of the Vietnam War. While in tye service, he was trained by IBM as a computer programmer and, later, a systems engineer.

He received his BBA cum laude and MBA from the University of North Texas. Charles is the author of books including The Payroll Book: A guide for small businesses & startups.

In today’s episode, Charles shares his “favorite mistake” story about his admitted “hubris” that led him to think that he could “do it all” effectively in his company, including marketing. How did he learn this was a mistake? We talk about that and more.

We also talk about questions and topics including:

  • Many say the IRS is underfunded? Is that a mistake?
  • Where do you think hubris comes from?
  • The IRS makes mistakes?? What kinds of mistakes?
  • Other taxpayer mistakes?
  • Mistakes entrepreneurs and small businesses make related to payroll?

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