Resources
Tax & Business Insights
Practical tax, bookkeeping, payroll, and small business guidance from the SK Financial team.
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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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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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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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 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.
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Can I Cancel My 401(k) and Cash Out While Still Employed?
No, you can't cancel a 401(k) outright while you're still working for the company that offers it. But you're not completely stuck either. Depending on your plan and your situation, you may be able to pull out some money, borrow against it, or stop putting money in.
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Owners IRA Self-Directed Careful With Their Investments
Stay informed about the latest IRS updates and taxation insights. Learn about self-directed IRAs, estate tax relief, benefit plans, and IRS enforcement policies. Get expert advice on navigating complex tax regulations and making wise financial decisions.
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Saving Taxes On Your Small Business
Discover effective tax-saving strategies for your small business. Learn how to maximize deductions on expenses, utilize charitable donations, and leverage home office and vehicle use for substantial savings. Hire tax accountant experts to ensure compliance and unlock legal ways to save taxes while boosting your business growth.
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Top 7 Effective Tax planning Strategies for Startups
tax planning strategies helps you cut your tax bill by maximizing deductions, credits, exemptions, retirement planning, and investment strategies.
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