Resources
Tax & Business Insights
Practical tax, bookkeeping, payroll, and small business guidance from the SK Financial team.
Editor's Picks
Featured Articles
How to Dissolve an LLC in Florida 2026?
Closing a Florida LLC involves more than stopping business operations. This guide explains the legal steps to dissolve your LLC, settle debts, file final tax returns, and avoid costly mistakes.
Read Article
Growth Strategies For Small Businesses
Discover growth strategies for your small business, from product line expansion to acquisitions. Transform your venture into a profitable enterprise!
Read Article
How Much Does a CPA Cost for a Small Business?
Explore how much does a CPA cost and determine CPA fees, including expertise, service complexity, reputation, and offering value to your financial health.
Read Article
How Much Does It Cost to Set Up an S Corp in Florida?
Starting a business in Florida can be a great opportunity, but it is important to understand the costs before you get started. If you are considering an S corporation (S corp), you may be wondering how much money you need to register your business and manage its taxes.
Read Article
Five Tax Changes to Watch in Late 2026 for Florida Businesses
Late 2026 brings several updates that affect how Florida taxpayers manage their finances. From new charitable deduction rules to the launch of a new IRS mobile app, these tax changes require attention. This roundup explains what is changing and how to prepare your records and security habits.
Read Article
IRS VITA and TCE Programs Offer Free Tax Help for Florida Residents
The IRS is recruiting volunteers for its VITA and TCE programs ahead of the 2026 filing season. These initiatives provide free tax preparation for eligible groups, but complex cases often require professional CPA assistance.
Read Article
October 2026 Tax Updates: Security, Payroll, and New IRS Tools
A practical summary of recent IRS announcements relevant to Florida small-business owners, focusing on data protection, payroll transitions, and new digital tools for the upcoming filing season.
Read Article
IRS Mileage Rate Changes: Tracking 2026 Business Miles
A single annual rate may not apply if the IRS mileage rate changes mid-year. This guide explains why date-based tracking is essential for 2026 and how to maintain records that withstand scrutiny.
Read Article
15 Tips for Managing Your Small Business Finances
Managing small business finances is easier when you have a clear plan. Learn 15 simple tips to track your income and expenses, create a budget, manage cash flow, prepare for taxes, reduce unnecessary costs, and make better financial decisions. These practical steps can help you keep your business finances organized, avoid money problems, and plan for future growth.
Read Article
Education Freedom Tax Credit: New Federal Credit for K-12 Scholarships
Treasury and the IRS issued proposed regulations for the new Education Freedom Tax Credit, effective January 1, 2027. This nonrefundable credit allows taxpayers to claim up to $1,700 for contributions to eligible Scholarship Granting Organizations. Here is what the rules mean for your tax planning.
Read Article
IRS Warns: Fake Tribal Tax Credits Are a Scam
The IRS has issued a specific warning about promoters selling non-existent 'Tribal Tax Credits.' These tax credit scams target taxpayers and businesses with offers that seem too good to be true. Here is how to spot the red flags and protect your finances.
Read Article
IRS Tax Evasion Penalties: What You Need to Know
Tax evasion can lead to heavy fines, civil fraud penalties, and even prison time. Learn what counts as evasion, what the penalties are, and how to fix the problem.
Read Article
Business Taxes: Different Types of Taxes
Learn about the different types of business taxes, including income, estimated, self-employment, and employment taxes, and understand which taxes may apply to your business.
Read Article
5 Easy Ways to Separate Your Personal and Business Finances
Keeping your personal and business money separate is one of the easiest ways to save yourself stress at tax time. In this post, Learn five simple steps choosing the right business structure, getting an EIN, opening a dedicated business bank account, paying yourself the correct way, and tracking your expenses as you go. Each one plays a real role in protecting your personal assets, making your deductions easier to prove, and keeping your books accurate all year.
Read Article
When Does No Tax on Tips Start? Detailed timeline
When does no tax on tips start? No Tax on Tips deduction applies starting with the 2025 tax year meaning the tax return most people filed in early 2026. Tips you earned in 2024 don't qualify; they're taxed under the old rules. Tips earned from January 1, 2025 onward are the first to be eligible.
Read Article