Every entrepreneur dreads tax season surprises, but most of those “emergencies” are 100% preventable. In this episode of Peace Luv Biz, Steve and Mary break down the most common tax mistakes they see business owners make, from late S-Corp elections to missing FBAR filings to forgetting to track rental income properly.

They share real-world stories straight from the week’s client work and explain how a lack of planning often costs business owners money, time, and peace of mind. And as always, they leave you with a clear takeaway: proactive planning is always better than reactive fixing.

Key takeaways: ✅ The top 3 tax mistakes that land entrepreneurs in trouble. ✅ How these errors happen in real-world business scenarios. ✅ The hidden costs of procrastination and sloppy recordkeeping. ✅ Why proactive tax planning saves you money and stress.

Subscribe and visit www.peaceluvbiz.com for free resources, tax tips, and to schedule a consultation with Steve and Mary.