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Practical tax, bookkeeping, payroll, and small business guidance from the SK Financial team.

19 articles in "Tax Planning"Clear filters
Taxing Companies that Outsource for Startups
Tax Planning

Taxing Companies that Outsource for Startups

Discover how taxing companies that outsource for startups works. Would it level the playing field or stifle innovation? Learn the pros, cons, and real-world impacts.

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What are 401(k) contribution limits for 2026
Tax Planning

What are 401(k) contribution limits for 2026

Learn 401(k) contribution limits and tax forms? contribution rules, catch-up limits, withdrawals, rollovers, and which tax forms may affect your return, so you can avoid costly mistakes.

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What Is an Accountable Plan and Why It’s Needed for S Corp Owners
Tax Planning

What Is an Accountable Plan and Why It’s Needed for S Corp Owners

Owners of S corporations use accountable plan to reimburse themselves for business expenses. They're simple to set up, but keep good records in case the IRS requests

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How to Avoid Tax on a Savings Account
Tax Planning

How to Avoid Tax on a Savings Account

Explore effective ways to reduce or avoid taxes on your savings account. Smart strategies to maximize interest earnings and keep more of your money

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Capital Gains Tax in the United States
Tax Planning

Capital Gains Tax in the United States

Capital gains tax is paid when you sell an asset for more than you paid for it, for example of buying shares for $5,000 and selling them for $7,000. Your profit is $2,000.

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What Is a Private Foundation? Benefits of a Private Foundation
Tax Planning

What Is a Private Foundation? Benefits of a Private Foundation

Learn how private foundations work, their tax benefits, rules, and lasting impact. Discover if starting one is right for you, your family, or business.

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Top 12 Small Business Tax Tips to Maximize Your Deductions
Tax Planning

Top 12 Small Business Tax Tips to Maximize Your Deductions

Discover the top 12 small business tax tips and how Small business owners are always looking for smart ways to reduce their tax burden without triggering red flags from the IRS.

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