Resources
Tax & Business Insights
Practical tax, bookkeeping, payroll, and small business guidance from the SK Financial team.
If I bought a car, can I claim it on my taxes? A detailed guide
If I bought a car, can I claim it on my taxes? Yes, but only if it’s used for business. It doesn’t matter whether you financed it or paid in full.
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What Happens if you get Audited and don't have Receipts?
If you get audited and don’t have receipts, the IRS can still accept other proof like bank statements, invoices, emails, mileage logs, and vendor records.
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IRS Refund Schedules and Tracking For 2025 Tax Filing Season
IRS Refund Schedules and Tracking for the 2025 Tax Filing Season. The IRS offers two official ways to check. You can check Where's My Refund? Check or download the IRS2Go app
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Lifetime Learning Credit (LLC): What it Is, How It Works
Lifetime Learning Credit lets you claim 20% of the first $10,000 you spend on qualified education expenses. That means you can receive up to $2,000 per tax return each year.
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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
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What Are Pre-Tax Deductions and Contributions
Pre-tax deductions are funds employers remove from an employee's gross pay before withholding taxes. These deductions will lower an employee's taxable income.
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Professional Accounting Services for Your Business Success
Get expert professional accounting services to manage your finances, ensure compliance, and enhance business growth with smart solutions for your success
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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.
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Quick Books Online: Why People Should Use It
QuickBooks Online is a cloud-based accounting software designed by Intuit, offering a simple yet powerful way for small businesses to manage their financials.
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Retirement Savings Contribution Credit: How it Works in 2025-2026
A retirement savings contribution credit is a special tax credit. if you contribute $2,000 to your retirement account and qualify for the 50% credit, you could reduce your tax bill by $1,000.
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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.
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Best Small Business Tax Advisor in Tampa, Florida USA
A small business tax advisor helps business owners reduce taxes, stay compliant, and plan ahead so they don’t face penalties . In Tampa, Florida SK Financial CPA LLC is a trusted choice.
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