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 [...]
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 [...]
The IRS has been busy lately - updating its Free File program, going after high income tax evaders and now it has another thing to add to the list: updating the exceptions to penalties on early retirement plan distributions. This is especially timely as difficult economic times have people pondering whether they might need their [...]
Social media can get a pretty bad reputation, but it has helped us connect with family and friends in faraway places, learn new skills and recipes, and get up-to-date information about important events and breaking news. The IRS would also agree that social media can be a good thing, mostly in that it helps them [...]
Health savings accounts (HSA’s) have grown in popularity in recent years as healthcare costs have continued to increase. They allow you to put money away and withdraw it pre-tax to use for qualified medical purposes. Banks and other financial institutions offer this account to those who have eligible healthcare plans, usually known as high-deductible health [...]
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 [...]
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 [...]
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 [...]
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