When most people think of tax-deductible medical expenses, they often think of major surgeries, dental work, and prescription drugs. But for those battling substance abuse, rehabilitation stays and other treatment methods constituent major medical expenses. Are these classified as tax-deductible medical expenses by the IRS? Let’s take a look. First, let's briefly discuss which medical [...]
What’s that eerie silence all around us? It's back-to-school season! As summer comes to a close, many parents are focused on preparing their children for the upcoming school year. Here at ClarkSilva, we’re always tax-minded so this got us thinking: how can parents also integrate planning for their taxes during this time? We’ve compiled a [...]
Tax scams have been around for a long time but they continue to grow more sophisticated day by day. Aided by advancements in AI and the increased usage of electronic communication by businesses, they can creep into any phase of the tax preparation process and target both clients and tax preparers themselves. Knowing what to [...]
If you’re a parent, you might be preparing for your child to start their college journey at the end of the summer. If so, you’re not alone. In 2024, there were over 3.2 million college freshmen enrolled, a number that has been steadily increasing each year. You know what else has been steadily increasing? The [...]
If you are of a certain age, you’ve probably walked through an Office Depot or Staples and marveled at the endless supply of options for office supplies. You might have even bought a floppy disk, and if so, it’s probably time for a night cream as the old internet adage goes. Although office supplies can [...]
Freelancing and self-employment has been growing in popularity in the past few years in the post-pandemic workplace. With perks like working remotely and setting your own hours, freelancing can seem like a dream job to some but the tax burden of self-employment is not for the faint of heart. In order to avoid major surprises [...]
Over the years, business conferences have gotten bigger and bolder. No longer mere networking events, they have turned into carnivals, concerts and technologically immersive experiences - with the price tag to match. With valuable skill developing and relationship building opportunities, companies and entrepreneurs remain interested in sending their teams to conferences, but is there a [...]
While we at Clarksilva are gearing up for another crazy tax season, some others are gearing up for a different season: spring! The flowers and trees will be blooming and the birds and bugs will be returning. This got us thinking about two things: allergy medication and taxes. Outside of running a botanical garden or [...]
Ah, the great American road-trip. Hitting the open road with all the snacks, music and friends you can fit in your car to see the sights. With the increasing cost of airfare and companies looking to cut costs, more and more business travel might resemble the car trips of your youth. Whether you are an [...]
When you’re ready to move on to the next phase of your life, leaving your business behind can feel daunting. That’s where having the right succession plans come in to help both you and your team members make the transition seamlessly. Unlike the eponymous HBO show, succession can be handled smoothly and without drama if [...]
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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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