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In recent years, the world of college sports has witnessed a significant transformation with the introduction of Name, Image, and Likeness (NIL) agreements. This groundbreaking change allows college athletes to monetize their personal brand, opening doors to new financial opportunities that were once off-limits. However, with great opportunity comes great responsibility, particularly in the realm of financial management.

For college athletes venturing into the NIL world, navigating these financial waters can be both exciting and overwhelming. That's where the expertise of a Certified Public Accountant (CPA) becomes invaluable.…

One often-misunderstood provision of the 2017 Tax Cut and Jobs Act (TCJA) is the limitation on the amount of interest expense some businesses may deduct from their taxable income. Many businesses are exempt from the limitation—often referred to as the Section 163(j) limitation—but for those that are not exempt, this provision can have an unexpected impact. The effect can be particularly significant for companies that typically have high capital requirements and interest costs, such as real estate-related businesses and start-up entities.

Section 163(j) Limitation: The Basics

As a general rule, businesses can deduct interest paid or accrued during the taxable…

Choosing the right Certified Public Accountant (CPA) is crucial for the financial health and success of any multi-doctor practice. A specialized CPA can help manage your practice’s financial complexities, ensure compliance, and offer strategic advice that fosters growth. Here’s a guide on what to look for when selecting a CPA for your multi-doctor practice.

1. Industry Expertise

Why It Matters

A CPA with experience in the healthcare sector understands the unique challenges…