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Month: November 2019

Cross border Taxation – How Professional Athletes are taxed in the U.S.

Cross border Taxation – How Professional Athletes are taxed in the U.S.

Our guest blogger for November 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 Sports Financial Advisors Association in the United States and his CPA practice in Arizona has been advising a number of athletes for more than 30 years. MSA:  How are professional athletes taxed in the US for salary…

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Athletes living and playing across borders – Immigration Pitfalls

Athletes living and playing across borders – Immigration Pitfalls

By Andreas Themistocleous, Contributor With rising globalization and professionalization within sports, athletes are increasingly migrating across national borders to take up work. Depending on the sport of choice, migration destinations usually involve two continents, North America and Europe, for which the article will concentrate. Aside from the talent of any sports star, there are various aspects one must consider when trying to attract a non-American citizen to join an American-based sports league or team. Take for example the case of…

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What does an athlete need to plan for prior to moving to a new country for work?

What does an athlete need to plan for prior to moving to a new country for work?

By Constantinos Massonos, Contributor Few people can comprehend or experience the commitment an athlete’s lifestyle requires and the huge sacrifices athletes and their families have to make to reach a professional level and be able to enjoy the perks that come with that. Unfortunately, stability is not one of them.  A call can come at any moment, and in a matter of hours, athletes have to pack up their stuff and join a new team, in a different city, across…

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Relocating an athlete’s family to a new country

Relocating an athlete’s family to a new country

By Niovie Constantinou, Contributor One of the sacrifices that professional athletes may be called to make is that of relocating to a new city or country. Many times, it is not just the athlete that has to move, but their entire family too, in which case relocation decisions need to take into consideration all family members. In order to ensure that the process runs smoothly, the family needs to be prepared well in advance, and a good starting place is…

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Athletes with International Sports Careers – A Tax Perspective

Athletes with International Sports Careers – A Tax Perspective

By Athena P. Constantinou, APC Sports Consulting Ltd In the last 25 years we have seen tremendous cross border movement in the world of sports; a number of NBA players moving to Europe near the end of their sports careers to play in the European Basketball League (Euro League), a number of soccer players moving from Europe to the United States to play for the MLS and the list goes on.  During the past couple of years, with the growth…

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November 2019 Editorial: Cross Border Concerns of Money Smart Athletes

November 2019 Editorial: Cross Border Concerns of Money Smart Athletes

November 1, 2019 It is quite clear that nowadays many international borders are crossed in the pursuit of professional athletic careers. In the last 30 years we have witnessed a large movement of athletes crossing borders to play and live overseas. Professional athletes moving abroad face a number of challenges as they settle and adjust to new realities.  Signing a playing contract in a foreign country comes with many challenges; a new culture, a different language, a different tax and…

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