Finance & Accounting
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Everything You Need for the 2020-2021 Tax Season
Tax season is here. But with major paper delays and a giant backlog of unopened returns at the IRS, as well as several COVID-19 stimulus payments to account for, 2021 is set to be another unusual year for taxpayers. Even during “normal” years, taxes are inherently stressful. This tax season could be even harder thanks […]
Bitcoin & The IRS: Here’s What Your Cryptocurrency Holdings Mean for Tax Season
“Trust me,” your weird nephew said. “Bitcoin’s gonna be huge.” It was 2010. You probably laughed off the suggestion. Back then, after all, it took 5,000 Bitcoins to buy a large pizza. But maybe, just maybe, you listened and bought into crypto early. If so, good for you. Bitcoin has exploded in value since its […]