A professional and clean infographic illustrating a common tax mistake. On the left, a green checkmark next to 'Extension to File' pointing to a calendar in October. On the right, a big red 'X' next to 'Extension to Pay' pointing to a bag of money with a penalty symbol, with the original April 15 deadline.

Filed a Tax Extension? Don’t Make This $1,000 Mistake of Paying Penalty

BySW Accounting admin

  Filed a Tax Extension? That’s great! But did you know you still have to pay by April 15? Let’s dive into the most expensive misconception about tax extensions. It’s a story I see all the time, especially with self-employed folks. You have a fantastic, profitable year. You’re organized, so you file your tax extension…

A visually engaging graphic for a blog post about tax scams. It should feature a large, red warning sign with a '⚠️' icon in the center. In the background, subtly show social media icons (like TikTok, Instagram, Facebook) and dollar signs floating around. The overall tone should be serious and cautionary, with a color scheme of red, white, and dark grey to convey a sense of alert.

That Viral Tax Tip Could Cost You: IRS Warns of $162M in Penalties

BySW Accounting admin

  Seeing tax advice on social media? Before you file, read this. The IRS has assessed over $162 million in penalties for false tax credit claims spreading online, and you could be next. Have you ever been scrolling through social media and seen a post promising a huge, secret tax refund? It sounds amazing, like…