Game Plan - Profit For Athletes
Game Plan, Profit for Athletes, provides accounting, financial management, and profit advisory services to both professional athletes and entertainers. Arthur J. Hurley, CPA, Game Plan's founder and managing partner has specialized in accounting for professional athletes for over 20 years. Since coining the phrase "Sports Accountant" in the mid-1980s, he has become one of the most experienced and respected sports accountants in the industry.
Profit for Athletes focuses on the coordinated administration of both your personal and professional financial interests. Our experts have an in-depth knowledge of the challenges that specifically relate to the professional athlete community and lifestyle. The goal is to simplify the lives, and improve the financial position of our clients in the sports and entertainment industries. We have extensive experience working with professional football, baseball, basketball, and hockey players; all of whom have complex and unique financial situations that require coordinated and comprehensive management.
You Donít Have to Eat Entertainment Expenses!
Sports fans are getting excited about the 2012 season. If youíre like many business owners, you may have considered hosting clients or business prospects at a NFL, MLB, NBA or other sporting event. You may be contemplating purchasing season tickets, individual game tickets or even renting a luxury skybox. If so, Daszkal Bolton would like you to know that the IRS allows you to deduct several entertainment related expenses Ė including the popular skybox!
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Turbo-Taxing The Tour Pros
Art Hurley Article in Golf Digest - Like many golf fans, you might have fantasized about making a brilliant shot to capture a tournament and hoisting one of those oversize winner's checks. It's a safe bet your fantasy ended before you had to deal with the tax consequences, but I'm here to tell you they're big -- and only getting more so.
I know, it's hard to generate much sympathy for professional golfers when it comes to their finances. Even after taxes, the average PGA Tour player makes more money in a year than many will see in a lifetime. (Last year, Angel Cabrera was closest to the mean income for active tour players with winnings of $1.26 million. Golf Digest estimates he made another $4 million in endorsements.) Yet their tax situation is worth a look because it raises interesting questions about the nature of income -- and in fact, it might affect where and when golfers choose to compete.
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