Name, Image, & Likeness (NIL) Earner Services
Roanoke, VA
Certified Public Accountants
200+ Years of Combined Experience
Complimentary Estimates
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Tailored Tax Preparation Services for NIL Earners
At Foti, Flynn, Lowen, & Co P, we offer customized tax preparation and accounting support designed specifically for Name, Image & Likeness (NIL) earners. We help you stay compliant, identify applicable deductions, and provide guidance to make the most of your opportunities. Let us handle the accounting details so you can concentrate on growing your brand and advancing your career. We provide:
- Guidance on understanding 1099 income and self-employment tax obligations
- Preparation and filing of federal and state tax returns
- Support with quarterly estimated tax calculations and payments
- Identification and documentation of allowable business deductions
- Assistance with bookkeeping, income tracking, and expense organization
- Review of NIL contracts for potential tax implications
- Consultation on tax-efficient strategies to manage and grow NIL earnings
- Help determine when and how to register as a business entity (if beneficial)
- Evaluation of multi-state tax requirements for deals or appearances in different states
- Year-round access to a CPA for questions related to self-employment and NIL income
Contact us today to begin your journey towards financial stability and success.
Why Choose Foti, Flynn, Lowen, & Co
When it comes to your finances, you deserve exceptional service. Here's what sets Foti, Flynn, Lowen, & Co apart:
- Certified public accountants with deep financial expertise
- Free estimates provided within 24 hours
- Named Best of Roanoke 2025 by The Roanoker readers
- Serving the Roanoke community for over 40 years
- Our team has more than 200 years of combined experience
- Discounts available for nonprofit audits
- Members of the Virginia Society of CPAs and the American Institute of Certified Public Accountants
- Locally owned and community-focused
Entrust your financial future to a team that blends local insight with national-level knowledge and standards.
Contact Us
Are you prepared to enhance your financial success? Reach out to us today for customized tax preparation and accounting support designed specifically for NIL earners. Together, we can maximize your opportunities!
Title or Question
Describe the item or answer the question so that site visitors who are interested get more information. You can emphasize this text with bullets, italics or bold, and add links.Title or Question
Describe the item or answer the question so that site visitors who are interested get more information. You can emphasize this text with bullets, italics or bold, and add links.Title or Question
Describe the item or answer the question so that site visitors who are interested get more information. You can emphasize this text with bullets, italics or bold, and add links.Do I need to make quarterly estimated tax payments?
Possibly. If you expect to owe at least $1,000 in taxes, the IRS may require quarterly estimated payments. Many NIL athletes fall into this category.
Can I deduct expenses related to NIL activities?
Yes. Legitimate business expenses—such as travel, equipment, marketing costs, website fees, photography, training for NIL obligations, etc.—may be deductible. Good record-keeping is essential.
How should I keep track of my NIL earnings and expenses?
Maintaining organized records is important. Keep receipts, contracts, mileage logs, and track all payments received. Many athletes use bookkeeping apps or professional accountants.
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