Resources
Tax & Business Insights
Practical tax, bookkeeping, payroll, and small business guidance from the SK Financial team.
American Opportunity Tax Credit: A Comprehensive Guide
The American Opportunity Tax Credit (AOTC) lets eligible taxpayers claim up to $2,500 per student for college expenses, with up to $1,000 refundable.
Read Article
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
Read Article
10 Most Common Bookkeeping Mistakes And How to Avoid Them
Know bookkeeping mistakes Mixing Personal and Business Finances, Ignoring Regular Reconciliation, Forgetting to Track Small Expenses, Not Backing Up Financial Data and more
Read Article
Top Five Business Growth Strategies in Florida, US
Learn the best business growth strategies to increase revenue, attract more customers, and expand your market. Discover proven methods for sustainable growth.
Read Article
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.
Read Article
Comprehensive Guide to Child Support Tax Credit
How child support affects your taxes? Learn the IRS rules on child support, tax credits, and deductions. Understand Child Tax Credit, custody rules, and how to maximize your refund.
Read Article
CPA vs an Accountant: Who Is Better for Your Taxes?
A CPA is a licensed expert who can represent you before the IRS, while an accountant manages financial records. For taxes, audits, and compliance, a CPA provides stronger protection.
Read Article
What Deductions Can I Claim Without Receipts?
Lost your receipts? which tax deductions you can claim without receipts and how to prove expenses using bank statements, mileage logs, and IRS-approved documentation methods.
Read Article
Is Disability Income Taxable? Types of Disability Income
Yes, depending on who paid the premiums and where the benefits come from, disability income may be taxable.
Read Article
If I Make Less Than $5,000 a Year, Do I Have to File Taxes
If I make less than $5,000 a year, do I have to file taxes? Here are the IRS filing rules, when low-income earners still need to file, and how you could claim tax refunds or credits even with very little income.
Read Article
Does Zelle report to the IRS? What Business Owners Need to Know
No, Zelle does not report transactions to the IRS and does not issue Form 1099-K even if you receive business payments through the platform.
Read Article
What are Estimated Tax Payments, and Who Must Pay It?
Estimated tax payments are quarterly payments you send to the IRS during the year to cover income that doesn’t have automatic tax withholding.
Read Article