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Cashflow Strategies for the Sports & Entertainment Industry

KROST

This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Understanding the Complexities of Tax for Professional Athletes” by Alan Lo. The post Cashflow Strategies for the Sports & Entertainment Industry appeared first on KROST. CPA, MAcc & Randall Poe.

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How States Tax Sports Betting: A Comparative Analysis

Withum

When it comes to sports betting, taxes play a crucial role in shaping the industry. In May 2018, the Supreme Court invalidated The Professional and Amateur Sports Protection Act (PASPA), a federal law enacted in 1992 restricting sports betting in most states. The state levies a tax rate of 36% on sports betting revenue.

Sports 59
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IRS cracks down on illegal sports betting

Accounting Today

The Internal Revenue Service's Criminal Investigation division is targeting illegal activity tied to sports betting as the pro football season gets underway.

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Client Accounting Service Strategies for Success in the Sports & Entertainment Industry

KROST

This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Client Accounting Service Strategies for Success in the Sports & Entertainment Industry” by Stacey R. The post Client Accounting Service Strategies for Success in the Sports & Entertainment Industry appeared first on KROST.

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Josh Horowitz Named to Premier Sports Network U.S. Advisory Board

Withum

Withum is excited to share that Josh Horowitz , Team Leader of Withum’s Professional Sports and Esports Services Teams, has been named to the U.S. Advisory Board of Premier Sports Network (PSN). As a leader of the Professional Sports Services Team, Josh has a deep understanding of the complex taxation that professional athletes face.

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Withum Extends Its Agreement With Premier Sports Network for 2024

Withum

Premier Sports Network is pleased to announce it has extended its agreement for a second year with Withum, a Top 25 Public Accounting and Advisory firm in the US. As a Player Care Partner at PSN, Withum has been able to grow its sports desk and portfolio, working closely with some of the highest-performing athletes in US sports.

Sports 59
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Potential Tax Savings for Minority Owners of a Sports Team

Withum

Most of us don’t have hundreds of thousands, millions or even billions of dollars at our disposal to purchase our favorite sports team. However, it is a dream for many sports fans to fantasize about owning a sports team. According to Forbes, the average value of sports franchises has increased over 250% since 2000.

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