Sports and Entertainment

Home Industries Sports and Entertainment
When you live life in the spotlight, you want a business advisor who knows what it means to stand discretely by your side. We are a full-service CPA solution for athletes, entertainers, broadcasters, sport franchises, and charitable foundations.
At Smart Accountants, we help our sports and entertainment clients maximize their revenues, control their expenditures, protect their net worth, and ensure their financial security long after the conclusion of their careers. You’ll appreciate that our dedicated team has deep expertise in the U.S. Tax Code as it relates to professional athletes and entertainers.
Our advisors are experts in complex salary contracts, recording and touring agreements, product endorsements, royalties, and financial, business, and real estate investments. Our services go beyond financial advice, tax, and estate planning. For example, we help clients with new ventures. This could include automobile dealerships, restaurants, internet company start-ups, construction companies, road construction projects, baseball stadium projects, baseball training facilities, real estate investments, and the hospitality industry.
We’re a full-service solution for athletes, entertainers, broadcasters, sport franchises, and charitable foundations.
 

FINANCIAL AND ACCOUNTING SERVICES

 

  • Systems Analysis and Structuring of Endorsements, Touring, Recording and Employment Contracts
  • Collection of Contractual and Non-guaranteed (Prize Money) Income
  • Coordination with Outside Attorneys for Real Estate Transactions
  • Generation of Comprehensive Quarterly Personal Financial Statements and Net Worth Analysis
  • Investment Monitoring and Reporting
  • Personal Insurance Liability Management (Liability Protection)
  • Comprehensive Tax and Estate Planning

 

TAX SERVICES

 

  • Tax Planning, Tax minimization and Compliance (Domestic and International)
  • Establishing Domicile to Reduce State Tax Impact
  • Establishment of Corporations/LLC and Trust for Asset Protection Purposes
  • Tax Structuring of Contract Income (critical during Free Agency Period)

 

ESTATE PLANNING

 

  • Implementing Estate and Trust Planning
  • Establishment and Recommendation of Charitable Foundations and Projects
  • Minimizing Potential Estate Tax
  • Life Insurance Planning

 

BUSINESS CONSULTING

 

  • Business plan Development and Strategy
  • Acquisition and Due Diligence
  • Research and Analysis
  • Technology Consulting
  • Back office operation development

 

CONCIERGE SERVICES AND BILL PAY SERVICES

 

  • Bill Paying and Bookkeeping
  • Budgets and Annual Goal Settings
  • Special Services (Mortgages, Credit Cards, Automobile Leasing, etc.)
  • Private Aircraft Charter/Fractional Share Purchase
  • Tracking

Want to benefit from our accounting and business advisory experience with athletes and entertainers? Don’t hesitate to contact us now. We’d love to hear from you.

Make An Appointment

 Over 14+ years of experience we’ll ensure you get the best guidance