Finance & Accounting

How Biden’s New Tax Changes Could Affect You

Understanding The Changes To The Tax Code Under The Inflation Reduction Act The Inflation Reduction Act, one of the Biden Administration’s major pieces of legislation, received Congressional approval in August and was recently signed into law. Among the provisions of the Inflation Reduction Act are numerous significant changes to the tax code that could affect […]

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Boxelder Attends Synergy 2022 Thomson Reuters Conference

Boxelder Consulting Attends Synergy 2023 – Thomson Reuters Annual Conference For Tax And Accounting Firms Earlier this month, our nation’s capital got a much-needed boost of ethics and responsibility, as members of Boxelder Consulting’s award-winning tax team came into town for Synergy 2022. Hosted Annually by Thomson Reuters, the Synergy User Conference For Tax And […]

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2023 Tax Bracket Changes and IRS Annual Inflation Adjustments

On October 18, 2022, the IRS released its annual inflation adjustments for the 2023 tax year, which includes changes to more than 60 tax provisions, including tax rate schedules and the standard deduction.  The agency releases these adjustments annually to account for inflation and prevent what is called “bracket creep.” Bracket creep refers to inflation […]

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Boxelder Consulting Wins The 2022 BBB Torch Awards For Ethics

On October 27, the Better Business Bureau (BBB) hosted its awards ceremony for the 2022 Torch Awards For Ethics. We’re proud to announce that Boxelder Consulting has won the 2022 Torch Award in the Tier 2 category as Central Colorado’s Medium Business of the Year! This is Boxelder’s first-ever Torch Awards win, and our second […]

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How is NIL Income Taxed for Collegiate NCAA Athletes? | Tax Planning for Student Athletes

On July 1st, 2021, the NCAA passed an interim policy allowing student athletes to profit from “Name, Image, and Likeness” (NIL) activities. . This change came after the Supreme Court’s unanimous ruling in NCAA v. Alston that the NCAA cannot limit academic-related payments to students, opening up the possibility for athletes to earn an income through […]

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Worried About Inflation? Good News – The IRS Is Raising Its Optional Standard Mileage Rate For The Rest Of 2022

On June 9th, the IRS announced an increase in the optional standard mileage rate for the rest of 2022. Due to the effects of inflation and the increase in gas prices across the nation, the standard mileage rate for business travel will now be increased to 62.5 cents per mile traveled, which is 4 cents […]

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Tax Season 2022 – Tax Credits & Deductions

Tax season 2022 is officially here. And with the IRS continuing to grow overwhelmed by its increasing backlog, it’s shaping up to be another chaotic one.  Luckily for taxpayers, the CPAs and tax experts at Boxelder Consulting are always just a phone call away. Voted one of Denver’s best tax services in 2022, our team has […]

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Tax Season 2021 – Important Dates & Deadlines

It’s that time of year again — and no, we’re not talking about March Madness. Tax season is here. And with the IRS continuing to grow overwhelmed by its pandemic-induced backlog, it’s shaping up to be another hectic one.  This means, yet again, that during the busiest and most complex months for most taxpayers, you can […]

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The S-Corp Secret: Why S-Corps are Perfect for Small Businesses

We’re gonna let you in on a little secret. Let’s say that, during the pandemic, you started up an online consulting service to make some income on the side. You probably weren’t expecting to start raking in six figures right off the bat, so it would have made sense to set up your business as […]

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