KROST

OCTOBER 12, 2023

The post Protecting Your Assets and Legacy: Estate & Trust Management in Sports and Entertainment appeared first on KROST.

Entertainment 76

Entertainment Sports CPA 76

CPA Practice

AUGUST 4, 2023

And in June he beat the old champion by two years to become the youngest person to ever pass the CPA exam. He spent much of this year studying for the notoriously difficult CPA exam, and passed it this summer. “It With other kids, they see goals for themselves,” he said, like winning sports championships and school contests.

CPA 97

CPA Mississippi Louisiana Sports 97

BuildYourFirm

APRIL 28, 2020

Koltin, CPA, CGMA. For the past six years, Allan has also been named by CPA Practice Advisor as one of the Top 25 Thought Leaders in the profession. In 2016 CPA Practice Advisor inducted Allan into the Accounting Hall of Fame. His hobbies include travel, chess, and all sports. Which strategies will work long-term?

Wisconsin 168

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CPA Practice

AUGUST 19, 2024

By Mark Luscombe, CPA, JD, LLM. athletes have received financial assistance to help them devote their time to training for the games from family, friends, sponsors, international or national sports organizations, their national Olympic committee, or even GoFundMe appeals. And that is only half of it.

Tax 124

Tax Sports income tax Gaming 124

RogerRossmeisl

OCTOBER 1, 2021

Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. Review the tax rules Whether you win online, at a casino, a bingo hall, a fantasy sports event or elsewhere, you must report 100% of your winnings as taxable income. You must separately keep.

Gambling 130

Gambling Tax Sports tax return 130

CPA Practice

APRIL 12, 2023

By Blake Oliver, CPA, and Chris Vanover, CPA. CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself.

accountant 136

accountant accounted Account Education 136

Withum

FEBRUARY 17, 2025

The credit does not apply to productions such as documentaries, news programs, sporting events, game shows, commercials, music videos, and reality programs. An AUP inspection is performed by a pre-qualified CPA firm and is submitted along with the final tax credit application upon completion of the production/project.

Tax 52

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Going Concern

FEBRUARY 2, 2023

” To put things into perspective for the normies who may not understand that accountants’ work is critical to the entire foundation of our financial system, he likens accountants to referees, the order-keepers of sports: “We may not always like the referees, but sports is a free-for-all without them,” he said.

Sports 105

Sports accountant accounted Account 105

Anders CPA

OCTOBER 2, 2023

Schindler, CPA has been named to St. He also leads operations for the firm’s Sports, Arts & Entertainment Group, representing professional athletes, agents and advisors. Louis Small Business Monthly appeared first on Anders CPA. Louis Small Business Monthly’s Best Accountants list. Louis Small Business Monthly.

Tax 111

Tax accountant accounted Account 111

KROST

NOVEMBER 9, 2023

This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Understanding the Complexities of Tax for Professional Athletes” by Brad Pauley, CPA Professional Athlete Taxation Professional athletes are subject to a complex system of taxation that can vary depending on their state of residence, the sport they play, and (..)

Sports 81

Sports Tax Entertainment CPA 81

ThomsonReuters

APRIL 2, 2024

Jump to: The allegations The IRS investigation Ohtani’s response Implications for Ohtani and the Dodgers Broader impact on professional sports Uncovering the truth The Internal Revenue Service (IRS) launched an investigation into the financial scandal involving Shohei Ohtani, the star player for the Los Angeles Dodgers.

Gambling 105

Gambling Sports Legal Gaming 105

CPA Practice

SEPTEMBER 9, 2024

5, the IRS Criminal Investigation unit reminded taxpayers that illegal sports gambling can result in criminal charges ranging from money laundering to tax evasion. The annual revenue from the illegal sports betting market in the U.S. IRS-CI also noted that nearly 50% of Americans have bet on sports at some point in time.

Sports 52

Sports Gambling tax return Gaming 52

CPA Practice

JULY 8, 2024

AICPA News is a collection of recent announcements from the American Institute of CPAs and the Chartered Institute of Management Accountants. AICPA Recognizes Six Individuals with 2024 Outstanding Young CPA Award The AICPA & CIMA recently recognized six practicing CPAs under the age of 40 with the 2024 AICPA Outstanding Young CPA Award.

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cpas North Carolina Illinois Texas 122

CPA Practice

JUNE 5, 2023

But the NBA Finals—and other sporting events—are connected to taxes in a big way. Individuals who travel to work with sports teams, and earn income in different states, pay, too. Individuals who travel to work with sports teams, and earn income in different states, pay, too. Essential Sports reported that Jokić could pay $1.4

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income tax Tax Sports Nevada 118

KROST

SEPTEMBER 15, 2023

The Sports & Entertainment Issue highlights some of the hot topics in the sports & entertainment industry including tax issues for athletes, estate & trust planning, Client Accounting Services, and more. The post KROST Industry Magazine: The Sports & Entertainment, Vol. 5 Issue 2, is Now Available!

Entertainment 52

Entertainment Sports Tax accounted 52

CPA Practice

JUNE 6, 2023

Featured keynote speakers include the following: Susan O’Malley, former president of the NBA’s Washington Bullets (now the Wizards) and Washington Sports and Entertainment Dave Delaney, CEO and founder of FutureForth James C. Learn more about the Convention and register at njcpa.org/convention.

New Jersey 52

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MyIRSRelief

APRIL 3, 2023

That’s where an accountant (EA or CPA) can help. Tax Planning and Preparation: An accountant (EA or CPA) can help small business owners navigate the complex world of tax laws and regulations, ensuring compliance and minimizing tax liabilities. If so, hiring an accountant (EA or CPA) can be a wise investment for your business.

accountant 130

accountant accounted Account accounting and finance 130

MyIRSRelief

FEBRUARY 8, 2023

This may involve working with a tax attorney, certified public accountant (CPA), or enrolled agent (EA). Here are a few factors to consider when making your decision: Qualifications: Look for a professional who is qualified to provide the services you need, such as a CPA, EA, or tax attorney. Q: Why is tax representation important?

tax services 130

tax services Tax tax preparation tax planning 130

CPA Practice

FEBRUARY 19, 2025

The quarter percent federal excise tax, also known as the handle tax, "does nothing except penalize legal gaming operators for creating thousands of jobs," said U.S. Rep.Dina Titus, D-Las Vegas.

Nevada 79

Nevada Sports Tax Gaming 79

Anders CPA

JULY 26, 2022

There are several common items that do not qualify for the tax-free holiday, including: Batteries Facial tissues CD and MP3 players Furniture or fixtures Copiers and stand-alone printers Headphones Watches, watchbands and jewelry Sporting equipment Envelopes Portable telephones. WHICH STATES DOES THIS APPLY TO? CONTACT ANDERS.

Missouri 98

Missouri Tax Sports Sales 98

CPA Practice

MAY 15, 2024

CPA Practice Advisor ‘s Readers’ Choice Awards , now in their 20th year, give our readers the chance to spotlight the technologies they most respect and trust to provide client services, manage their firms, and help their clients run their businesses. Many respondents chose more than one event.

Technology 119

Technology accounting firms cpas accountant 119

Summit CPA

AUGUST 31, 2023

The Virtual CPA Success Show: Episode 96 If you're ready to take your agency's forecasting and resource planning to the next level, don’t miss the episode with Tom O'Neil, founder of Parallax , an agency that offers resourcing and forecasting tools that aim to maximize revenue capacity.

Sports 52

Sports CPA 52

CPA Practice

JUNE 6, 2023

Lara Abrash, CPA 2023 Most Powerful Women in Accounting Chair and Chief Executive Officer Deloitte & Touche LLP, US How do you envision the accounting profession evolving in the foreseeable future for women? I grew up with three older brothers and sports was part of my everyday life. What are your favorite podcasts?

CPA 52

CPA accountant accounted Account 52

CPA Practice

JUNE 6, 2023

Tommye Barie, CPA 2023 Most Powerful Women in Accounting EVP – Leaders Development Success Institute, LLC How do you envision the accounting profession evolving in the foreseeable future for women? It’s a great time to be a CPA. The accounting profession will continue evolving to provide more desirability and opportunities for women.

CPA 52

CPA accountant accounted Account 52

CPA Practice

NOVEMBER 20, 2024

By Adam Venokur , CPA/PFS, CFP, Northeast Regional Leader at Aprio. According to the American Institute of Certified Public Accountants, the number of first-time CPA exam candidates decreased by 33% between 2016 and 2021.

accountant 94

accountant accounted Account Technology 94

Going Concern

DECEMBER 16, 2022

PwC’s new elite athletes’ program will provide sportspeople with flexible employment and professional development opportunities to help prepare for a life after sport. When Flipping Burgers Beats Being an Accountant, You Know There’s a Problem [ CPA Practice Advisor ]. Salaries, Talent, and Exit Opportunities.

public accounting 98

public accounting accountant accounted Account 98

CPA Practice

APRIL 12, 2024

March sales were up in six out of nine retail categories on a yearly basis, led by online sales, sporting goods stores and health and personal care stores, and up in five categories on a monthly basis. Sporting goods, hobby, music and book stores were up 0.86% month over month seasonally adjusted and up 8.33% year over year unadjusted.

Retail 105

Retail Sales Sports 105

Going Concern

JULY 26, 2024

ICYMI These are the top stories on Going Concern this week You Can Sit for the CPA Exam in the Philippines Now Golf Fans Everywhere Now Think BDO Sells Dildos and Lube Just How Much Have Accounting Salaries Increased in the Last Five Years?

Oklahoma 105

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CPA Practice

MAY 15, 2024

KPMG audited Amer Sports, a global group of outdoor wear and sports companies based in Finland, which was one of two companies that raised more than $1 billion in proceeds, known as a “unicorn IPO.” The Big Four firm was the auditor for eight of the 46 IPOs, tops among the 20 different firms with at least one IPO audit client in Q1.

audit 87

audit Sports auditor 87

CPA Practice

APRIL 17, 2023

Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ). While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong.

quickbooks 130

quickbooks payroll Technology audit 130

CPA Practice

FEBRUARY 9, 2024

CLA will be located near the e-sports space and the Longship at Viking Lakes co-working area and the Viking Lakes Innovation Center. Viking Lakes campus in Eagan, MN.

Minnesota 116

Minnesota Sports accounting firms Account 116

CPA Practice

JULY 16, 2024

Alley-Oop Kids — advocates for sports equity by using “Lending Lockers” to provide under-resourced schools and youth organizations with sports equipment and gear. Pal Experiences — helps people with non-visible disabilities — such as autism — have more inclusive experiences at museums, entertainment venues, sporting events and more.

North Carolina 105

North Carolina Sports Education Hospitality 105

Going Concern

NOVEMBER 1, 2024

Kashyap Bakhai, a BDO partner with 35 years of experience advising wealthy individuals including sports stars and entertainers, was fired almost two years ago when the accounting firm was dealing with accusations that the employee dipped into client accounts for personal use, according to people familiar with the dispute and legal filings.

audit 52

audit Florida auditor accounting firms 52

CPA Practice

JANUARY 10, 2024

The legalization of sports betting and online gambling has led to an explosion in gaming across America. With over a decade specializing in gambling taxes, this Las Vegas CPA has worked with everyone from professional poker players to casual sports bettors.

Gambling 80

Gambling Tax accountant accounted 80

CPA Practice

SEPTEMBER 30, 2024

Sales of other livestock, such as those raised for slaughter or held for sporting purposes, or poultry, are not eligible. The tax relief generally applies to capital gains realized by eligible farmers and ranchers on sales or exchanges of livestock held for draft, dairy or breeding purposes.

Tax 116

Tax Sports Sales 116

Going Concern

SEPTEMBER 15, 2023

Sioux Falls CPA firm marks century in business [ SiouxFalls.Business ] The fourth-generation Sioux Falls firm Nelson & Nelson CPAs celebrates 100 years in business, providing tax, accounting, payroll and bookkeeping services. noted in a 2017 CPA Journal article. noted in a 2017 CPA Journal article.

Colorado 111

Colorado audit CPA Texas 111

Anders CPA

AUGUST 30, 2022

Anders Sports, Arts and Entertainment advisors are well versed in benefits and limitations of the various retirement plan options for collegiate athletes. The post How a Solo 401(k) Plan Can Help College Athletes Win in Retirement appeared first on Anders CPA. Not sure if the solo 401(k) plan is right for you? CONTACT ANDERS.

Entertainment 98

Entertainment Sports income tax tax return 98