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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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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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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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