The IRS issued more than thirteen billion dollars of employment tax penalties on businesses for the fiscal year 2019 But very few businesses have the tools or knowledge to avoid these penalties or if need be how to get them reversed

In his new book The Payroll Book: A Guide for Small Businesses and Startups Charles Read Certified Public Accountant United States Tax Court Practitioner GetPayroll Inc Founder and member of the Internal Revenue Service Advisory Council reveals how to avoid the heavy hand of the IRS 

Payroll mistakes by business owners or by the government are costly in the billions of dollars These penalties and interest can cripple or destroy a business even if it is not the business's fault This book gives business owners an authoritative and reader-friendly guide to payroll and payroll tax compliance from proper setup and maintenance to reporting record-keeping and other payroll-related topics

In 30 plus years of running a payroll company I have seen how small businesses struggle to understand the intricacies of payroll and payroll taxes I wanted to level the playing field for them This book is designed to demystify payroll and to help readers understand exactly what they need to do to get payroll and payroll taxes right It answers key questions and provides specific real-world guidance on important payroll topics notes Read It also teaches employers how to avoid and if necessary fight IRS penalties regardless of the reason assessed

The book reveals details on many IRS hot button issues including gross negligence versus simple mistakes (that should not be penalized) an off the radar tax credit for employee time off classification issues regarding independent contractors vs employees for withholding tax and tax reporting purposes exempt vs non-exempt employees for overtime pay purposes earnings and deductions that may or may not be reportable for tax purposes and much more

Written in a conversational style with easy-to-understand language icons and callouts the book was created to:

-  Guide a small business owner through the complete payroll process including step-by-step instruction on how to set up payroll and payroll taxes for the first time

-  Help business incubators accelerators and angel investors support their startup entrepreneurs to understand the payroll rules and compliance and

-  Serve as a training tool for business students professors and business coaches to share real-world examples processes and resource links

The Payroll Book: A Guide for Small Businesses and Startups is published by John Wiley & Sons and is #1 New Release in Accounting on Amazon The book is now available at Amazoncom Barnes & Noble and all leading bookstores

For more information media interviews or speaking requests please contact Anosh Vaswani at [email protected] or visit wwwthepayrollbookcom

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