Football is a global market and star players relocate constantly, quite often from country to country. Usually, football players sign contracts with clubs for a fixed term and if they transfer before their contract expires, the new club pays compensation to the...
Most tax authorities impose tax on visiting sports people based on the principles of residency and source of income. As a result, sports professionals competing internationally have to be alert that they may incur tax obligations, both in terms of tax filing and...
Our guest blogger for April is Jonathan Miller, CPA (www.millerjcpa.com) and through an interview, he has given the Money Smart Athlete an overview and insights on how taxes work for athletes in the United States. Jonathan is the co-founder and president of the...
There is a time in the professional career of an athlete that he may have to move to a team in a different country. Naturally, a player moving abroad has to face a number of challenges when settling and adjusting to the new reality of things. A new culture, a...
So, you have just landed your first professional sports contract and you are on top of the world, “king of the hill, top of the heap” to use the words of the famous Frank Sinatra song. There are so many things that you plan on doing with the big money you will...
1 April 2018 The tax problems of professional athletes are a recurring theme. The mobility, short career span and public exposure of athletes, create unique tax challenges which need to be handled carefully. Unfortunately, most athletes do not have the...
