Resources
Tax & Business Insights
Practical tax, bookkeeping, payroll, and small business guidance from the SK Financial team.
What Medical Expenses are not Tax Deductible
What medical expenses are not tax deductible. Deduct qualified medical expenses that are more than 7.5% of your (AGI). if you earned $50,000 last year, the first $3,750 of medical bills won’t count
Read Article
Quarterly Tax Payment Due Dates 2026
Learn who needs quarterly tax payments, important IRS deadlines, how to calculate estimated taxes, avoid penalties, and pay online. Guide for freelancers, business owners, landlords, and self-employed taxpayers.
Read Article
What Is Self Employment Tax? How it is calculated
The current self employment tax rate is 15.3% of your net earnings. If your income is high you’ll also have to pay an additional 0.9% Medicare tax.
Read Article
Small Business Taxes For Beginners? Detailed Guideline
Small business taxes are the federal, state, and sometimes local taxes you must file. Learn about filing as a sole proprietor, partnership, C corporation, or self-employed.
Read Article
Sole Proprietorship Taxes in the U.S: What You Need to Know?
Sole proprietorship is the simplest business structure, where you and your business are legally the same entity. Learn how sole proprietors are taxed, what forms to file.
Read Article
Tax Brackets 2025 and Standard Deduction: A Step-by-Step Guide
Tax brackets 2025: There are slight increases in the income ranges for each bracket compared to 2024. In 2025, income tax rates depending on how much you earn and your filing status.
Read Article
Tax Refund 2025: How to check your refund
How to check tax refund 2025? Once you’ve filed your return, it’s natural to want to know exactly when you’ll get your money. The IRS has a tool just for that. The Where’s My Refund?
Read Article
Top Tax CPA Near Me In Tampa, Florida, US
There are thousands of CPAs across the country but when it comes to national reach with local-level support, SK Financial CPA top tax cpa in the tampa, florida, US.
Read Article
When can i file my taxes in 2025?
When can i file my taxes in 2025? You can start filing as early as January 15, 2025. If you’re expecting a refund, the earlier you file, the sooner you’ll get your money.
Read Article
Why Do I Owe So Much in Taxes?
Finding out that you owe a lot in taxes can be a frustrating and confusing experience, especially if you were counting on a refund. Common reasons why do I owe so much in taxes
Read Article
1040 vs 1099 Forms: What are the Differences?
A 1099 form reports income you received, while Form 1040 is the tax return you file to report all your income to the IRS. If you receive a 1099, that income eventually shows up on your 1040.
Read Article
What is Form 8949? How to Fill Out Form 8949
Form 8949 helps report stocks, crypto, and real estate sales to the IRS. Learn how to file, short vs long-term gains, and how it works with Schedule D
Read Article