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Investing in the Home Team: How NIL Collectives Can Maximize Tax Savings

CTP

Sports fans know that team loyalties run deep. Committed supporters of college and even high school sports teams now have even more opportunities to make major investments in up-and-coming athletes. The organization would be exempt from income tax, meaning that all earnings could go toward the team.

Tax
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Tax Fraud Blotter: Sick excuses

Accounting Today

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. million payroll tax scheme.

Tax
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John Graham Elected New CIMA President

CPA Practice

He also enjoys traveling and is a big sports fan. He is chair of a school multi-academy trust and a non-executive director for New Directions, a leading provider of adult social care services. Thanks for reading CPA Practice Advisor!

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Resolving Tax Issues for Individual and Business Taxpayers in Cincinnati, OH: How Mike Habib, EA Can Help

MyIRSRelief

Metro Area Cincinnati-Middletown, OH-KY-IN MSA Tax issues can be overwhelming, whether you’re an individual taxpayer or a business owner in Cincinnati, OH. From unfiled tax returns to unpaid back taxes, IRS audits, payroll tax problems, and liens or levies, these challenges can disrupt your financial stability and peace of mind.

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Economy: Consumer Prices Rise, But Less Than Expected

CPA Practice

Toy prices increased at the fastest pace since early 2021, while the costs of household furnishings and sports equipment climbed by the most since 2022. after stalling in the prior month. after stalling in the prior month. Goods prices, excluding food and energy commodities, rose 0.2% after stalling in the prior month.

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Going, Going…Gone: Will Medicare Tax Liability Strike Out Shohei Ohtani’s Annual Salary?

Withum

Sports fans across the world turned their heads when Shohei Ohtani’s record breaking $700 million contract with the Dodgers was announced. Let’s start with his federal payroll tax liability. Like most employees, Ohtani’s gross salary is subject to social security tax and Medicare tax withholding.

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Shohei Ohtani’s Deferred Compensation Comes With Shocking Tax Obligations

Withum

Sports fans across the world turned their heads when Shohei Ohtani’s record breaking $700 million contract with the Dodgers was announced. Let’s start with his federal payroll tax liability. Like most employees, Ohtani’s gross salary is subject to social security tax and Medicare tax withholding.

Tax