A side-by-side comparison illustration in a clean, modern style. On the left, a stressed person (a sole proprietor) holds a 'Schedule C' form that has a large red flag on it, attracting a large magnifying glass from the 'IRS'. On the right, a confident business person (S-Corp) stands behind a strong 'S-Corp' shield, which is deflecting the IRS's attention.

The #1 Tax Mistake New Entrepreneurs Make: Is Your Schedule C an Audit Risk?

BySW Accounting admin

  Is Your Tax Form Your Biggest Risk? Starting a new business is exciting, but a simple tax form—the Schedule C—could be a giant magnet for an IRS audit. Learn the risks of being a sole proprietor and how an S-Corp can offer protection. So, you’re starting your own business! That’s fantastic. Your head is…

A professional and clear infographic-style image. On the left, a cracked, broken shield with 'LLC' on it. On the right, a checklist with items like 'Separate Bank Accounts,' 'S-Corp Election,' and 'Active Management' being checked off with a green checkmark. The overall feeling should be helpful and preventative.

8 Common LLC Mistakes (And How to Fix Them Before It’s Too Late)

BySW Accounting admin

  Are you making these 8 common LLC mistakes? You formed an LLC to protect your personal assets, but a few simple errors could make that protection completely worthless. Here’s how to fix them. So, you did it! You went through all the trouble of forming a Limited Liability Company (LLC) for your business. You…