Many small businesses and self-employed individuals are familiar with Form 1099-MISC. Starting in 2020, the Internal Revenue Service has split the Form 1099. Non-employee compensation (NEC) will now be reported on a new form, separate from other miscellaneous income types. While the general rules of reporting remain the same, the most significant change is the [...]
Sending gifts to your customers is a smart move for several reasons: it reinforces your relationship, it can be used as a marketing tool, and it can get you a tax deduction. That said, don’t just give, ‘deduct’ the cost, and be done with it; here’s the rules to keep in mind this holiday season. [...]
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…
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