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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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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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New IRA Correction Program: Fix Errors Without Penalties
The IRS has launched a new IRA correction program under Revenue Procedure 2026-33. This update simplifies how custodians and owners fix inadvertent errors, replacing complex private letter ruling requests for 60-day rollover waivers.
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October 2026 Tax Updates: Extension Deadlines and Diesel Relief
This roundup covers the most important October 2026 tax updates, including the final deadline for extension filers, new federal relief for dyed diesel fuel, and upcoming IRS system maintenance windows.
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IRS Issues Automatic Adoption Tax Credit Carryforward Refunds
The IRS has begun issuing automatic refunds to over 50,000 taxpayers with unused adoption tax credit carryforwards. This change stems from a new Treasury Department interpretation of the Working Families Tax Cuts. Learn how this affects your 2025 tax return and what steps to take if you have not received your refund.
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Cybersecurity Awareness Month: Protecting Your Business from Tax Phishing
October is Cybersecurity Awareness Month, a critical time for small business owners to review their digital defenses. Scammers increasingly target businesses with emails disguised as tax documents or client requests.
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