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The Name, Image, and Likeness (NIL) boom turns college athletes into entrepreneurs. Top stars like USC’s Caleb Williams earn $2.7 million annually. Mid-tier players land $10K–$50K deals through collectives. NIL income is fully taxable. It hits you with 15.3% self-employment taxes. Federal and state income taxes add more. This can eat 30–40% of your earnings. […]

The 2025 tax landscape is shifting fast, with the “One Big Beautiful Bill Act” and a new wave of tariffs reshaping how business owners and high-income earners manage their wealth. Signed into law on July 4, 2025, this reform locks in key tax cuts, introduces no-tax perks on tips and overtime, and adjusts estate taxes.

Are you struggling to convince clients to invest in tax planning amid the 2025 tax reforms? The “One Big Beautiful Bill” has shaken things up. It includes permanent TCJA cuts, no-tax on tips and overtime, new senior deductions, and looming estate tax hikes. These changes create urgency for business owners and high-income earners, but complexity

Are you planning to sell your accounting practice but worried about getting stuck in a deal that drags on? An earnout, where part of your payout depends on your firm’s future performance under new ownership, might sound like a safe bet. But earnouts often lead to stress, tax headaches, and lower payouts.  In fact, industry