Withum

JANUARY 17, 2024

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.

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KROST

JUNE 7, 2023

Loan-out corporations are widely used by sports and entertainment professionals as a tax and financial strategy. The post Loan-Out Corporations – Maximizing Tax Savings & Financial Flexibility for Sports & Entertainment Professionals appeared first on KROST.

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AccountingDepartment

OCTOBER 13, 2023

In this episode, join Kevin, Alicia, and Sarah as they discuss the setup and execution of various fantasy sports leagues throughout the year.

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Withum

FEBRUARY 28, 2024

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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Reckon

MAY 5, 2024

Managing the finances of a sports club or association can pose certain challenges. Many local sporting clubs and associations work within very tight financial constraints, often relying on volunteers to help manage the finances. But what should you be looking for in good accounting software for your sports club or association?

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KROST

OCTOBER 12, 2023

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

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Withum

FEBRUARY 9, 2024

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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Withum

SEPTEMBER 14, 2023

This weekend, there were a lot of sporting events that caught my attention. Let’s Chat The post Exciting Moments in Sports and Business appeared first on Withum. Xavier Gipson’s punt return touchdown giving the Jets a win was the most exciting for me.

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ThomsonReuters

SEPTEMBER 19, 2023

With the recent start to the NFL season, sports wagering is a popular topic of conversation among football fans. Earlier this summer, Kentucky, North Carolina, and Vermont all enacted laws that legalize and tax sports wagering activities. The revenue share may not be less than 20 percent of adjusted gross sports wagering revenue.

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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!

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Withum

MARCH 20, 2024

Download a PDF of this case study Executive Summary A custom uniform sporting goods manufacturer sought to optimize its operations by implementing NetSuite. The Client The New Jersey-based, family-owned company manufactures locally to support youth soccer and sports programs.

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PYMNTS

OCTOBER 15, 2020

DraftKings , which has been on a deal-making tear, has just inked another big agreement, this one with broadcasting giant Turner Sports, according to a press release. The Boston-based sports fantasy operator said in the release Thursday (Oct.

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PYMNTS

DECEMBER 15, 2020

the current wholly-owned intermediate holding company of JD Sports Fashion Plc in the U.S., Genesis Holdings Inc., bought all of the issued shares in the Shoe Palace Corporation and the members’ interests in Nice Kicks LLC, according to a Tuesday (Dec. 15) announcement. "We

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PYMNTS

JULY 26, 2020

In a wide-ranging interview with The Wall Street Journal , the 79-year-old Brooklyn native talked about resuming professional sports safely, whether it’s unfair that high paid athletes get their coronavirus test results quickly while the rest of the world waits and what needs to happen to get fans back in the stands.

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Menzies

OCTOBER 27, 2023

Call our free confidential hotline – 07813003194 Alternatively, contact our team of experts below using the contact form [contact-form-7] The post UK tax considerations for E-sports earnings was written by Menzies Demi Fossitt and appeared first on Menzies LLP.

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PYMNTS

NOVEMBER 4, 2020

gambling industry, with three states authorizing legal sports betting and three others either approving or expanding casino gaming, the Associated Press (AP) reported. By the end of 2021, at least 25 states along with the District of Columbia could have legalized some type of sports betting.

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PYMNTS

DECEMBER 10, 2020

Academy Sports and Outdoors, Inc. In overall results, Academy Sports and Outdoors reported net income of 74 cents per diluted share on net sales of $1.35 reported on Thursday (Dec. 10) that comparable sales for Q3 2020 rose 16.5 percent over Q3 2019, according to a press release. "I billion for Q3 2020.

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PYMNTS

APRIL 21, 2020

Welcome, then, to the wide world of sports, circa post-pandemic. In an interview with Karen Webster, Gil Fried, professor and chair at the University of New Haven’s sport management program , said that now, more than ever, we need the escapism and joy that sports bring. But at least the tickets are cheap.

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PYMNTS

FEBRUARY 28, 2020

Yet, just as often (if not more so), Anbritt Stengele, founder and president of Sports Traveler , told Karen Webster in a recent conversation, the ability to see interesting venues and big events in crystal clarity has the opposite of a depressive effect. If anything, she said, it ramps up consumer hunger to see things in-person.

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PYMNTS

JUNE 2, 2020

School sports uniforms have been brought into the digital age by direct-to-consumer (DTC) companies such as SquadLocker. Now, in the wake of the pandemic, it is waiting for school to restart after what could have been a disastrous turn of events for the sports uniform company. All this, Today in Data.

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PYMNTS

JANUARY 8, 2019

Few things feel better than the rush of a winning streak — money bet on a football or baseball team, or a sporting event, that turns into a pile of dough after a victory or beating the spread. And now that trend has come to sports betting, which was recently legalized thanks to a May decision by the U.S. goes online. goes online.

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TaxConnex

AUGUST 1, 2024

New Jersey , in a move seemingly counter to a nationwide trend, has repealed its annual sales tax holiday for certain school supplies and sport or recreational equipment.

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PYMNTS

APRIL 8, 2020

Amid the coronavirus pandemic, Dick’s Sporting Goods is putting many of its approximately 40,000 staffers on leave, but affected team members will keep receiving benefits.

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PYMNTS

SEPTEMBER 23, 2020

As merchants attempt to fulfill the demands of customers for expediency and less person-to-person contact, Dunkin’ and sports venue hospitality stands are experimenting with a new Mastercard checkout-free payment technology, The Wall Street Journal (WSJ) reported. percent because of temporary and for-good closures due to COVID-19.

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PYMNTS

MARCH 10, 2020

Dick’s Sporting Goods said another 440 stores would no longer sell guns this year, as the company moves to purge firearms from its retail stores, reports indicated Tuesday (March 10). The biggest sporting goods retailer in the U.S., The retail chain announced the news in its quarterly earnings. Dick’s also reported net sales of $2.6

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PYMNTS

MAY 13, 2019

Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC. Bleacher Report said its sports betting category has shown massive growth for the company.

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PYMNTS

JUNE 1, 2020

Even school sports uniforms have been dragged into the digital age, courtesy of a Rhode Island DTC company called SquadLocker. Now all it needs is for school — and school sports — to restart after what could have been a devastating turn of events for the company. SquadLocker has flipped the script on school sports uniforms.

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PYMNTS

MARCH 12, 2020

Modell’s Sporting Goods has filed for bankruptcy and will shutter all its stores, the company said on Wednesday (March 11). Modell’s sales have traditionally risen and fallen with the fates of New York sports teams. The reporting of that information reportedly prompted suppliers to cut distribution to the company by half.

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PYMNTS

NOVEMBER 14, 2019

Sports are big business around the globe, so it comes as no surprise that retail innovation constantly takes place within that industry, and in combination with payments. Mobile order-ahead is in use at sporting and concert venues, where attendees no longer have to wait in long concession lines for their nachos or hot dogs.

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PYMNTS

MAY 7, 2020

CNBC reported health experts and government officials say sports events probably won’t happen until next year at the earliest. On what might need to open for sports to commence, PYMNTS reported stadium games will not be the same for some time.

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Accounting Today

MAY 7, 2024

Wolters Kluwer's tax, accounting and audit research solution now has generative AI capacities.

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PYMNTS

NOVEMBER 12, 2020

Dick’s Sporting Goods will provide its Black Friday promotions over 10 days instead of only one day, to aid in ensuring a safe shopping experience during the holiday season, according to an announcement. The retailer’s inaugural "10 Days of Black Friday" will begin on Wednesday, Nov.

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PYMNTS

JANUARY 29, 2019

29) that it has inked a long-term partnership with Fanatics, the sports fan brand that makes team and player merchandise and operates NFLShop.com, NBAStore.com and MLBShop.com. In a blog post , Eric O’Toole, general manager of sports and fitness for Walmart U.S. Walmart announced Tuesday (Jan. Beginning Tuesday (Jan.

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PYMNTS

NOVEMBER 10, 2020

Gaming FinTech Mazooma has formed a partnership with FinTech data network Plaid to bring an instant transfer solution to the iGaming and sports betting industry, according to a Tuesday (Nov. ACH comprises about 35 percent of gaming industry payment volume, the release said, topping $150 billion for sports betting alone. .

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KROST

OCTOBER 7, 2020

Ronique Davis, one of KROST’s Sports & Entertainment Industry experts, recently attended the Entertainment Industry Virtual Conference hosted by CalCPA. Similarly, most industries have been impacted, and the sports and entertainment industry is one that continues to feel that impact.

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PYMNTS

APRIL 16, 2020

Sports betting site DraftKings is only issuing credits while events are canceled during the pandemic, but that hasn’t stopped it from plans to go public this month. Robins said he looks forward to opening even more offices and continuing to create an engaging experience for sports fans. which is publicly traded.

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PYMNTS

AUGUST 22, 2019

Consumers are set to spend $23 billion buying mobile tickets for sports and gaming events by 2023. Sports brands are thus looking to a host of new technologies, like contactless payments, and even virtual reality technology, to accommodate a new generation of mobile users. Putting Connected Tech in the End Zone. individually.

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