Tax influencers - they’re everywhere. They are particularly pervasive this time of year with tax season starting. Recently a particular "tax influencer" shared a questionable strategy for how they wrote off a horse they acquired. They simply made it a mascot for their tax strategy firm, genius right? Well, not exactly - before you round [...]
With the rise of freelancing, companies have enjoyed the benefits of getting important work done without the sometimes arduous process of setting up a new employee and managing their tax withholding. However, what happens when employees are misclassified as independent contractors? Although this is sometimes a purposeful choice on behalf of employers looking to exploit [...]
The holiday season is wonderful for so many reasons - special time with family and loved ones, cheerful festivities, gift giving and year-end work bonuses. If you are fortunate enough to receive a bonus at your work, you might be wondering how exactly it's taxed and what you’ll be left with afterwards. Before you share [...]
With a new year comes new goals, and for some that might mean starting a new business venture. Starting a new business can be an exciting and rewarding journey but there is a lot to consider when diving in. One question we often hear is "Does my business need an EIN?". An EIN (Employee Identification [...]
In today’s digital world, many people engage with tax documents through electronic communications like bank statements, accounting software, and more. Utilizing digital platforms can mean extra security for your financial records and an easy-to-access paper trail for those who are technologically savvy. However, many essential tax documents like W2’s are still paper copies sent by [...]
There’s a lot of outlandish tax advice circulating on the internet. However, there is one incredulous-sounding claim that is actually partially true - and that’s the fact that you can deduct your swimming pool. Sometimes. As always, there are a lot of caveats and conditions that need to be met for this to be a [...]
Summer is a time associated with joy, leisure, adventure, and nature. But for busy working parents, summer can be a stressful time with kids out of school and wandering aimlessly. Many take advantage of daycares, babysitters, and summer camps to help entertain their little ones and the great news is that these can result in [...]
Influencers might seem like they live pretty charmed lives. Creating content and receiving free gifts and trips all the time? Sign me up! Even more so, influencing can be a pretty lucrative career with even niche Instagram influencers and YouTubers regularly making 6+ figures. But before you rig up your ring light, remember that taxes [...]
If news about A.I. has been all over your LinkedIn timeline lately, you aren't alone. With its new accessibility through tools like ChatGPT, artificial intelligence has become all the rage for businesses. It's been heavily discussed for both its potential benefits and downsides, including its potential to engineer major medical breakthroughs and displace many job [...]
CFOs, or Chief Financial Officers, are integral to the long-term financial success of your organization. They can help your team with financial projections and growth strategies, track essential costs, and provide guidance on everything from asset management to loan negotiation. However, some smaller organizations only need these CFO services periodically and cannot justify the high [...]
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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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