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Tax & Business Insights
Practical tax, bookkeeping, payroll, and small business guidance from the SK Financial team.
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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.
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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!
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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.
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How to Choose the Right Business Structure for Your Small Business
Selecting the right business structure is a critical first step for any Florida entrepreneur. This guide compares sole proprietorships, partnerships, corporations, and LLCs, explaining how each choice impacts your tax return forms and liability exposure.
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Trump Accounts: Automatic Enrollment for Children in 2026
The IRS has created Trump Accounts for nearly 70 million eligible children. This shift to automatic enrollment means families must verify Social Security numbers on tax returns to ensure their children’s accounts are active and ready for contributions.
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Five tax updates for Florida business owners in late October 2026
Late October brings several important IRS actions that affect Florida small-business owners and individuals. From new IRA correction programs to updated payroll guidance and security reminders, these tax updates require attention now to avoid future complications.
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IRS Declares 71 Guidance Documents Obsolete: 2026 Filing Impact
The IRS has officially declared 71 revenue rulings, procedures, and notices obsolete to reduce regulatory burden. This move streamlines tax rules but requires taxpayers to rely on current publications. Verify which forms remain active to ensure your 2026 return is accurate.
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IRS Warns About Fake Tribal Tax Credit Scams in 2026
Scammers are promoting fake Tribal Tax Credits to trick taxpayers into filing false returns. The IRS warns that these credits do not exist and claiming them can lead to penalties. Florida residents should verify any advertised credit with a professional before filing.
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Five Tax Moves to Make Before Year-End
A practical roundup of five actionable items for Florida small-business owners and individuals: maximizing education savings, understanding the new IRA correction program, preparing for the FIRE system transition, reviewing retirement income tax implications, and leveraging new tax credits.
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Year-Round Tax Planning Tips for 2027
Most people only think about taxes when it’s time to file. A little effort during the year makes a big difference. These seven simple steps can help you stay organized and avoid a big bill next year.
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How Retirement Income Affects Your Taxes: Pensions, Annuities, and Social Security
Retirement brings changes to your tax situation. Understanding how different income sources are treated helps you plan effectively. This guide covers pensions, annuities, and Social Security benefits.
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IRS Dyed Diesel Fuel Relief: What Florida Businesses Need to Know
The IRS has announced temporary dyed diesel fuel relief for businesses using off-road fuel. This guide explains the recordkeeping changes, the specific dates involved, and how Florida companies should prepare for the upcoming compliance period.
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Hobby vs. Business: IRS Rules and Tax Differences
Understand the difference between a hobby and a business, the factors the IRS considers, and how hobby income, business expenses, and tax deductions are treated.
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Protect Your Tax Data: Why You Need an Identity Protection PIN Now
The IRS reminds taxpayers to safeguard their online credentials and obtain an Identity Protection PIN. This six-digit code prevents unauthorized e-filing. Request yours before the system goes offline in mid-November.
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Premium Tax Credit Changes: What Florida Health Insurance Buyers Need to Know
On October 14, 2026, the Treasury and IRS issued proposed regulations to implement reforms to the Premium Tax Credit. These rules aim to prevent fraud and abuse in the Health Insurance Exchanges.
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