Talkin’ Malta Payroll w/Jonathan Misfud: An Insight into Payroll Processes, Software, and its Influence on Future Entrepreneurs
In this episode of 'It's About Payroll', hosts Brian Escobar and Walter William Duncan III, conduct an enlightening conversation with Jonathan Misfud, who leads a team working on cloud payroll software, 'Buddy'. Jonathan shares his experiences transitioning from a small business owner into the creator of payroll software. He reveals that understanding the people behind payroll operations played a significant part in making Buddy successful. The conversation also highlights the absence of regulatory bodies for payroll in Malta and the United States and discusses how payroll processes impact people's lives notably. The hosts get an overview of the 'Payroll Trinity' from Jonathan's perspective which involves the employee, the employer, and the payroll processor. Jonathan also shares an exciting update about Buddy, where functions such as bulk submission of tax documents and automation are being added. Lastly, he shares some advice for anyone new to payroll and for those pondering entrepreneurial ventures into payroll.
00:00 Introduction to the Podcast
00:16 Meet the Hosts and the Guest
01:10 Getting to Know Jonathan Misfud
01:26 Payroll Challenges in Malta
03:08 The Journey of Creating Buddy
04:41 Sponsored Segment: TimeTrakGo
06:03 The Evolution of Buddy
08:58 The Concept of Payroll Trinity
12:09 The Story Behind Buddy's Name
15:23 Buddy's New Features and Updates
20:20 Advice for New Payroll Professionals and Entrepreneurs
23:50 Closing Remarks and Contact Information