@CharlesJRead

Dallas Based Businessman, CPA, MBA, Former US Marine

 Dallas, Texas
charlesjread.com
Joined February 2009
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  • Following4
  • Followers84
My answer to At what point do you hire a payroll processing service? quora.com/At-what-point-do-y…

At what point do you hire a payroll processing service?

Charles's answer: Just before you hire your first employee! It is not worth the time trouble or effort to get up to speed on all the laws concerning payroll and payroll taxes and to then take the...

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My answer to What is minimum wage in simple terms? quora.com/What-is-minimum-wa…

What does the term minimum wage mean?

Charles's answer: In simple terms. Minimum wage is the minimum amount per hour you must pay an employee in the United States based on Federal Employment Law. Currently $7.25 per hour. There are many...

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My answer to If my payday falls on a holiday, when will my paycheck be deposited? quora.com/If-my-payday-falls…

If my payday falls on a holiday, when will my paycheck be deposited?

Charles's answer: Amelia’s answer is obviously correct and of no use to you. Banks do not process transactions on holidays. So it won’t show in your account on the holiday. Most companies and payroll...

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Question on @Quora: Can my employer *require* me to enroll in their direct deposit? quora.com/Can-my-employer-re…
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My answer to What are the benefits of using an online payroll service? quora.com/What-are-the-benef…

What are the benefits of using an online payroll service?

Charles's answer: 1. Get the best in payroll processing for less. A payroll-outsource company is constantly upgrading and improving their ability to provide the best service for you. They upgrade...

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My answer to Is payroll reporting the most important role of payroll practitioners, and why? quora.com/Is-payroll-reporti…

Is payroll reporting the most important role of payroll practitioners, and why?

Charles's answer: The most important role of payroll practitioners is compliance. That may well include reporting taxes correctly and timely. But it also includes depositing taxes timely and correc...

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My answer to Why does my payroll check get "declined" when I try to cash it? quora.com/Why-does-my-payrol…

Why does my payroll check get "declined" when I try to cash it?

Charles's answer: Where are you trying to cash it. Does your employer use positive pay so the issuing bank can know that the check was produced by your employer at the teller line? If you take it to...

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My answer to What is the best payroll software for enterprise businesses? quora.com/What-is-the-best-p…
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My answer to What is more valuable in the US a CPA or a MBA? quora.com/What-is-more-valua…

What is more valuable in the US a CPA or a MBA?

Charles's answer: All the answers to this question are good. Career choice determines which is best. However I have both credentials. This served me extremely well starting out. Potential employers...

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My answer to How can I prepare for the CPA exam during college? quora.com/How-can-I-prepare-…

How can I prepare for the CPA exam during college?

Charles's answer: I will tell you what I did. First off I made sure with my advisors help that I was taking the classes I needed for the exam. For instance by the time I took the exam I had all three...

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My answer to What should you do if your employer doesn’t give you a W2? quora.com/What-should-you-do…
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My answer to If payday is on Tuesday, what is the deadline for an employer sending out payroll? quora.com/If-payday-is-on-Tu…

If payday is on Tuesday, what is the deadline for an employer sending out payroll?

Charles's answer: If you process direct deposits as part of the payroll it is impossible to guarantee delivery of the direct deposit to the employee’s financial institution in less than two days....

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My answer to What SasS is best for payroll? quora.com/What-SasS-is-best-…
My answer to What are some essential skills that CPAs lack that aren’t taught to them in school or the workplace? quora.com/What-are-some-esse…
My answer to How does outsourced payroll services work? quora.com/How-does-outsource…

How does outsourced payroll services work?

Charles's answer: Outsourcing payroll in the U.S. is quite simple. Select a quality Payroll Service Provider. One that has at least CPAs on staff for their clients, most providers don't. This is to...

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My answer to What is meant by on payroll or off-payroll jobs? quora.com/What-is-meant-by-o…

What is meant by on payroll or off-payroll jobs?

Charles's answer: A payroll job is one where the worker is an employee of the company for which they work. Taxes are withheld and paid into the government. The company pays taxes as well on the...

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My answer to Is a taxpayer a person who pays the IRS back during tax season or does it mean when the government takes taxes out of your work check? quora.com/Is-a-taxpayer-a-pe…

Is a taxpayer a person who pays the IRS back during tax season or does it mean when the government...

Charles's answer: A taxpayer is just that. One who pays taxes. You can pay them direct or they can be withheld from you paycheck and deposited by your employer. Either way you are a taxpayer. Beyond...

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My answer to So I started my first job and I forgot to activate my payroll card. It’s been 3 weeks, would I still get my money? quora.com/So-I-started-my-fi…
My answer to How do you calculate your payroll taxes? quora.com/How-do-you-calcula…

How do you calculate your payroll taxes?

Charles's answer: In the United States you have Federal, State and Local taxing authorities. There are over 15000 of them and so everything varies by where you have employees. On the Federal level...

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My answer to How safe are the "tax consultants" calling from India? They claim they can get more refund. quora.com/How-safe-are-the-t…

How safe are the "tax consultants" calling from India? They claim they can get more refund.

Charles's answer: If you want a tax consultant in the US seek out a licensed CPA that practices in the area of tax that you are concerned about. The”Firms” that advertise to solve tax problems are...

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