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Check out our latest blog posts with guidance on Name/Image/Likeness (NIL) deals, taxes, & small business accounting.
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Micah Parsons’ $188M Contract: A Financial Reality Check for the Highest-Paid Non-QB
Micah Parsons’ $188M Packers contract makes him the highest-paid non-QB in NFL history. But after taxes, agent fees, and jock tax rules, how


What Is the Jock Tax? A Comprehensive Guide for Athletes and Entertainers
Professional athletes like LeBron James or Joe Burrow, and touring performers such as Beyoncé or Cirque du Soleil, enjoy fame and high earnings – but they also face a unique tax complication. When these stars play games or perform shows across multiple states, they incur what’s popularly known as the “jock tax.” In simple terms, states and cities often demand income tax from visiting athletes and entertainers on the money they earned in that locale.


What Is Sales Tax Nexus?
Sales tax is a state-imposed tax collected on the sale of goods and (in some states) services. Forty-five states and Washington, D.C. have a statewide sales tax, and thousands of local jurisdictions layer on their own rates. Sales tax nexus means your business has a strong enough connection to a state that it creates a tax obligation. Once you have nexus in a state, that state has the right to enforce sales tax collection from you, even if your business is based in a differen


The “New Money” Checklist for Student Athletes to Manage NIL Money
Introduction: NIL Success Requires More Than Popularity
NIL has created generational opportunities for student-athletes. Whether you’re starting games or coming off the bench, your name, image, and likeness now hold measurable value. This new revenue stream is an introduction to entrepreneurship. NIL income comes with responsibilities that must be handled with intention: entity formation, taxes, compliance, cash flow, and brand management.


What You Need to Know as Tax Season Kicks Off
Get organized for tax season! Learn how to file taxes, choose a tax preparer, understand write-offs, and manage business tax filings.


When NIL Equals NIL: Tax Tips, Financial Literacy, and Lessons from NIL Lawsuits
Student-athletes, learn how NIL deals can go wrong, plus get tax tips and financial literacy advice to navigate NIL opportunities wisely.


How Failed NIL Deals Impact Athletes, Universities, and the Business of College Football: The Case of UNLV’s Matthew Sluka
Matthew Sluka’s NIL deal raises questions: was it a misunderstanding, or did the coaching staff promise something they couldn’t deliver?


Year-Round Tax Planning for W-2 Employee Taxpayers: How to Stay Ahead and Avoid Surprises
Take control of your taxes now by organizing records and staying aware of key changes in your financial situation to avoid costly surprises.


Tax Tips for the Self-Employed: Separating Fact from Fiction
Whether you’re a seasoned freelancer or just starting out, making the right moves can mean more savings and fewer headaches.


49 Tax Deductions for Creatives, Freelancers, and Gig Economy Workers
Working as freelancers, creatives, and gig workers means you’re an independent contractor. You might be delivering food or creating content


The Importance of Financial Literacy for Professional Athletes
While it may seem that professional athletes are well-compensated, the reality is that their careers are often short-lived.


Financial Playbook for Newly Drafted Athletes: Navigating Money and Taxes for Rookies
Here's the ultimate playbook for newly drafted athletes as they navigate the complexities of managing their newfound wealth.


Do You Need an LLC? Choosing the Right Business Structure
An LLC is a business structure that's separate from the owner(s). Get help choosing the right business structure or form your LLC online.


Navigating NIL Deals for High School Athletes in Georgia
A lot of good can come from NIL deals for high school athletes, but there are precautions to be aware of. Here’s an explanation of NIL deals


Choosing a Small Business Structure: A Guide to LLCs, Sole Proprietors, Corporations, & Partnerships
Here's an overview of LLCs including personal asset protection, how it affects your taxes, and things you need to know as an LLC member.


The Complete List of Tax Filing Dates for Individuals and Small Businesses
In addition to filing your individuals tax return, business owners must file and pay other estimated tax payments throughout the year.


Simplifying Small Business Taxes for New Entrepreneurs
This guide will help you understand the basics of filing your small business taxes, so you can focus on being your own boss.


What Does Your Tax Return Mean? A Quick & Simple Explanation
Taxes fund essential government programs and services, and they come in various forms like income, payroll, property, and sales taxes.


Here's the Comprehensive Guide to NIL Deals & Taxes for NCAA Student Athletes
NIL deals sound good - until it's time to pay the taxes that nobody told student athletes they have to pay. Financial literacy is key.


Cannabis Accounting: How the Right Chart of Accounts Can Save Your Business
Accounting and taxes for cannabis companies including COGS, Section 280E, and how to save taxes in the marijuana industry.
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