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Tax Planning for Student Athletes: Working with NIL Collectives

CTP

The collective is an organization that pools fundstypically donations from fans of a schools sports teamso they can secure NIL deals for student athletes. Where does the tax planning opportunity come in? The legal requirements for each are very different, as are their tax planning needs.

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Tax Fraud Blotter: Sick excuses

Accounting Today

million payroll tax scheme. He failed to collect, account for and pay over payroll taxes to the IRS on behalf of each of these companies from 2014 to 2022, a total of at least $3.5 All rights reserved. After signing his guilty plea in October 2023, he embarked on a campaign to avoid responsibility for his conduct.

Tax
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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. A tax planner can help you identify tax credits to offset those unavoidable costs.

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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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