Being in the public eye has its own set of unique challenges. Whether you are playing on the field, building fitness equipment, or playing competitive Esports, navigating complex tax regulations, wealth management and business disruptions are not always easy tasks while balancing a busy schedule. Withum’s Professional Sports Services Team helps with all taxation and accounting for sports teams and professional athletes to stay up to date on the latest tax regulations and trends to minimize tax liability and maximize returns on your investments.
Taxation in the professional sports industry is complex and unlike any other field. Withum’s tax and accounting advisors specialize in developing tax and investment strategies and wealth management solutions for professional athletes, sports teams & clubs and athletic consumer goods. Whether you are looking for a sports accounting firm or a consultant, our experts can serve even the most ambitious players in the sports industry.
With the industry’s great success come many challenges. Our team of dedicated professionals can help tackle any topic and ensure you are on the winning team!
Learn MoreWhether an established company or a start-up entrepreneur, Withum’s Fitness and Wellness Team will get your books in shape!
Learn MoreFrom structuring leagues and teams to guidance on arena build outs our team is dedicated to helping you keep the stands full to operate at an award-winning level.
Learn MoreProfessional athletes and student-athletes taking advantage of the NIL should always be thinking about wealth management. Withum Wealth can assist in meeting, planning, and achieving your long-term wealth goals!
Whether you’re in a state with no income tax or one considering NIL-specific breaks, staying compliant with federal and state tax laws is essential. Our team specializes in helping athletes navigate the complex world of NIL income, tax planning, and financial strategy.
The White House recently hosted a roundtable led by President Donald Trump that focused on the escalating financial, legal and governance crises facing U.S. college athletics. The discussion brought together leaders from sports, government and business to examine how recent court rulings, Name, Image and Likeness (NIL) practices, and inconsistent state laws have destabilized the…
UPDATE: Since this article was originally published, the Mississippi legislation proposing an exemption for Name, Image and Likeness (NIL) income from state income tax has stalled. Although the bill passed the Mississippi House of Representatives, it did not advance out of the Senate Finance Committee before the legislative deadline, effectively ending the proposal for 2026….
Imagine earning millions during your career only to lose it all due to poor planning. Are your assets truly protected? When it comes to the earnings of a professional athlete, asset protection should be a top priority. Determining an appropriate strategy early in one’s career is key. A well-known example highlighting the importance of early…
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