TurboTax vs. an Accountant: When Should You Stop Doing Your Own Taxes?
When it comes to TurboTax vs accountant, which option is actually better for filing your taxes? As a tax and accounting firm, we obviously have some bias, but the truth is not everyone needs to hire a professional. For some taxpayers, doing your own taxes with software like TurboTax can work perfectly well. The right […]
Owe the IRS Money? Here Is What to Do First
If you owe IRS money you cannot pay, you have more options than you think, and none of them require panicking. If you’re asking yourself, “I owe the IRS money, what do I do?” the first step is figuring out how you ended up with the tax debt so you can determine the best way […]
Seriously Delinquent Tax Debt & Your Passport
Seriously delinquent tax debt is unpaid, legally enforceable federal tax debt totaling more than $66,000 in 2026 (including penalties and interest) for which the IRS has already filed a lien or issued a levy and your rights to challenge it have run out. Once your debt is certified as seriously delinquent, the IRS reports it […]
Ohio’s Flat Income Tax Explained: What the 2.75% Rate Means for You
Yes, Ohio now has a flat income tax: as of January 1, 2026, the state taxes all nonbusiness income above $26,050 at a single rate of 2.75%, replacing its old system of graduated brackets. Income at or below $26,050 is still taxed at 0%, so the lowest earners continue to owe no state income tax. […]
Mid-Year Tax Planning for Denver Small Businesses
Mid-year tax planning is the process of reviewing your first six months of real financial results (around July) to adjust estimated payments, time purchases, and set up tax-saving strategies while there is still time to act before year-end. Most small business owners think about taxes twice a year: at filing time, and never. But the […]
I Owe Both Federal and State Taxes. Who Do I Pay First?
You filed your taxes, and now you’re staring at two separate balances — one to the IRS and one to your state — and wondering where to even start. This is more common than people think, and the answer isn’t obvious. The IRS and your state tax agency are two completely separate systems. They don’t […]
Is There a Cap on IRS Penalties and Interest for Back Taxes
You owe back taxes and you’re wondering if there’s a ceiling, or some point where the IRS stops adding to your bill and the damage stops growing. The answer is different depending on what you’re asking about. Penalties have a cap. Interest does not. Those two facts have very different implications for what your balance […]
Are Tax Refunds Getting Bigger This Year? Here’s the Real Answer.
You’ve probably heard the headlines. The White House called this the largest tax refund season in U.S. history and projected the average refund would rise by $1,000 or more. So if your refund felt underwhelming, you’re not imagining it. The truth is more complicated than the headlines. Yes, refunds are technically up, but for most […]
Stop Mixing Business and Personal Expenses
Watch Dave, one of Boxelder’s tax experts, break down why separating business and personal expenses is one of the most important habits a small business owner or freelancer can build, and what happens when you don’t. If you have ever paid for something on your personal card and thought “I’ll sort it out later,” this […]