Resources
Tax & Business Insights
Practical tax, bookkeeping, payroll, and small business guidance from the SK Financial team.
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 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
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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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Adoption Tax Credit 2025-2026
For the 2025 tax year, the adoption tax credit allows eligible families to claim up to $17,280 per adopted child, and beginning in 2025, up to $5,000 of that amount is refundable.
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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.
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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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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
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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.
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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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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.
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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.
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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.
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