Don’t itemize, but you’re still eager to help your local charity out this season; sound familiar? Good news: the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, created a charitable deduction of up to $300 in 2020, even if you don't itemize. As a result of the Tax Cuts and Jobs Act of [...]
The Coronavirus Aid, Relief and Economic Security (CARES) Act provides qualified retirement plan distribution relief for those who need to withdraw funds from certain retirement accounts. Waiver of the 10% Early Withdrawal Penalty Pursuant to the CARES Act, the 10% early withdrawal penalty is being waived for coronavirus-related retirement distributions, up to an aggregate total [...]
475 Kilvert Street, Building B
Suite 125
Warwick, RI 02886
ClarkSilva was formed in 2019 by Keith Clark and Benjamin Silva. Keith and Ben met while working for a large regional accounting firm. During that time, they dreamed of a different kind of accounting firm. An accounting firm built with technology not volumes of books and endless stacks of paper…
Stay In Touch