The Winston CPA Group

08/29/2025

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 much will he really keep? The Winston CPA Group explains what athletes need to know about taxes, budgeting, and financial education.

https://www.winstoncpagroup.com/post/micah-parsons-contract-and-taxes-from-the-dallas-cowboys-to-the-green-bay-packers

07/24/2025

NIL has created generational opportunities for student athletes as name, image, and likeness now hold measurable value. We're continuing the NIL conversation and its introduction to entrepreneurship for many student athletes. In the latest blog post, we address the responsibilities that come with NIL deals including taxes, compliance, cash flow, and brand management.

🔗: https://www.winstoncpagroup.com/post/the-new-money-checklist-for-student-athletes-to-manage-nil-money

03/18/2025

The businesses that scale look at revenue, yes. They also analyze margins, assess cash burn, and ensure their accounting function is built to provide decision-ready data.

What’s your company’s margins? If you don’t know the answer to that question, click the link below and explore how The Winston CPA Group tells the story of your business through the numbers.

Winston CPA Group: Accounting for entrepreneurs and creatives. Get help with bookkeeping and taxes for your small business. CPA for name image likeness taxes & NIL deal business management. Financial literacy and increase your credit score while learning how to use credit to get what you want. Form....

01/27/2025

Tax season has started – here’s what you need to know.

For Individuals and Joint Filers:
By January 31st, you should receive your W-2s or 1099s. Now is the time to start gathering your documents and thinking about how life changes – like getting married, having a child, or buying a home – might affect your return. Having everything in order early can make filing your taxes less stressful and ensure nothing gets overlooked.

For Business Owners:
If your financials aren’t up to date, filing starts with getting them organized. Accurate books make sure all income and expenses are captured, giving you a clear picture of how your business performed and helping you maximize the deductions and credits you qualify for.

Tax season doesn’t have to feel overwhelming. At The Winston CPA Group, we help you make sense of it all – from year-round support to tools for fixing credit, saving money, starting a business, and more. With up to $1M in audit defense and resources to guide you, this could be the season you take control of your financial future.

Read our guide for individuals and business owners to get ready for tax season.

https://www.winstoncpagroup.com/post/what-you-need-to-know-as-tax-season-kicks-off

#2025

01/22/2025

When a business owner says, “Your prices are high” a few things are usually true:

1. They’re looking for a new CPA because the previous one produced mediocrity at best.

2. The financials are disorganized and unkept and a reflection of their lack of systems.

3. Their mindset about money has them stuck on seeing dollar signs instead of value.

If you’re looking for cheap, it’s out there.

But if you want to learn how to manage your cash, build a team, and look around the corners of your business to anticipate what’s next, you have to be willing to invest.

The Winston CPA Group works with business owners ready to take the blinders off and run their business like a business.

Here's your invitation to get to know the firm, click the link below.

🔗: https://www.winstoncpagroup.com/taxes

01/17/2025

At The Winston CPA Group, clients trust us to transform their understanding of business finances.

We serve clients in all 50 states, offering expert guidance on personal and business taxes to help you save where possible.

Our tailored approach ensures every strategy is aligned with your specific needs, empowering you to make informed financial decisions.

https://www.winstoncpagroup.com

Winston CPA Group: Accounting for entrepreneurs and creatives. Get help with bookkeeping and taxes for your small business. CPA for name image likeness taxes & NIL deal business management. Financial literacy and increase your credit score while learning how to use credit to get what you want. Form....

01/14/2025

The IRS has announced that tax season begins Monday, January 27, 2025. Starting that day, the IRS will accept both paper and electronic tax returns. Tax Day is April 15, 2025, and over 140 million tax returns are expected to be filed.

We realize tax times can be stressful and confusing. At The Winston CPA Group, our approach is simple: we guide you on submitting your documents, to assessing your tax situation, to planning ahead to take the stress and confusion out of tax season.

Our calendar is now open for consultations, and we encourage you to book time as soon as possible. Appointments are limited.

https://portal.winstoncpagroup.com/public/appointment-scheduler/66a1f0044b2a957f3ff449d7/schedule

01/01/2025

💰 WHEN NIL DEALS = NIL 💰
NIL deals are changing the game for student-athletes, but not every opportunity is what it seems. From broken promises to tax surprises, there’s more to NIL than the headlines reveal. Whether your deal is worth $100 or $1 million, understanding the financial side is key to protecting your future.

Check out our latest blog on navigating NIL deals with tax tips and financial literacy resources for high school and college athletes.

🔗 Read more here: https://www.winstoncpagroup.com/post/when-nil-equals-nil-tax-tips-financial-literacy-and-lessons-from-nil-lawsuits

#2025

12/31/2024

For those of you who use your personal car for business: when you get in your car today, 12/31, take a picture of your odometer. Your accountant and tax preparer will need to know the total miles you drove this year to determine if you qualify to write that mileage off on your business tax return.

If you’re a business owner, you may be able to deduct 67 cents per mile for 2024 if you drove your personal car to meet clients, attend business events, or run errands for your business. The easiest way to track business miles is by using a mileage tracking app or talking with your accountant about setting up a system that works for you.

At The Winston CPA Group, we specialize in year-round tax support and guidance to keep you prepared, not just at filing time but all year long. Visit our tax page to learn how we can help you stay on top of your tax strategy for 2024 and beyond.

🔗 https://www.winstoncpagroup.com/taxes

12/31/2024

NIL deals are changing the game for student-athletes, offering opportunities like never before.

Colorado stars Travis Hunter and Shedeur Sanders recently made headlines by securing the largest disability insurance policies in college football history, protecting themselves as they prepare for the NFL. Meanwhile, Tennessee quarterback Nico Iamaleava and Oregon quarterback Dillon Gabriel are commanding NIL deals valued at $1.9 million and $1.7 million, respectively, with partnerships including Beats by Dre and Celsius.

Whether the NIL deal is worth $100 or $1 million, student-athletes need guidance on handling their business to avoid unexpected six-figure tax bills.

Explore The Winston CPA Group’s resources for student-athletes and their guardians to better understand the business side of NIL deals: https://www.winstoncpagroup.com/nil-deals-and-taxes