Rudy Mawer

So an S-corp doesn't... You don't pay taxes on an S-corp.

You know, it's, I always think great for everyone to hear.

A lot of people are in there like, Hey, I'm doing the thing myself.

Right.

And then you eventually go, oh, my calendar's full.

I'm too busy.

I can't earn more than doing this.

Right.

There's only so many hours in a day.

So you obviously got into that and then had that and then started bringing someone on and getting a studio, then a bigger studio.

Talk us through that process and what you learned.

Yep, yep.

That's a good tip.

What else do you see as common mistakes or issues with tax, you know, with entrepreneurs and taxes and small businesses?

I didn't know.

the correct expenses but you don't have proof of it yeah yeah so keeping receipts invoices linking them in quickbooks or whatever you use to the transaction right yes yep good uh what else in terms of other tips you know i i have been audited i've had an irs audit and uh you know done

I didn't pay any penalties.

But you learn a lot through that process, too, about itemization and record keeping.

And I think most entrepreneurs do a very bad job of that, like all the contractor, you know, all those employment docs and invoices.

So any other tips around record keeping?