Comprehensive Financial Services for Professional Athletes
A professional athletic career presents financial opportunities unlike any other profession, but it also comes with unique tax challenges. From signing bonuses and endorsement income to multi-state taxation and long-term wealth planning, every financial decision can have lasting consequences.
At Perry CPA Group, we provide specialized accounting, tax planning, and financial advisory services tailored to the unique needs of professional athletes, coaches, agents, and sports professionals. Our personalized, proactive approach helps clients protect what they’ve earned while planning confidently for the future.
Why Athletes Need Specialized Tax Planning
Professional athletes often earn significant income over a relatively short period of time while living, training, and competing across multiple states.
Without proactive planning, athletes may face unnecessary taxes, reporting issues, missed opportunities, or costly mistakes.
Perry CPA Group understands the financial complexities unique to professional sports and works closely with each client to develop personalized strategies that evolve throughout their career.
We specialize in state income allocations and duty day apportionments to ensure accurate wage allocations to the states. Because most athletes are taxed where the money is earned the tax reporting can be complex and will cause the athletes to pay erroneous taxes to states due to misreported state wages. Perry CPA recalculates wages, reported by the teams, to ensure state income tax is only paid on the correct applicable wages.
Whether you’re entering the league, negotiating a new contract, signing endorsement agreements, or preparing for retirement, our goal is to help you make informed financial decisions every step of the way.
Personalized Strategies for Every Stage of Your Career
Every athlete’s career is different.
We begin by understanding your contract, compensation structure, residency, business interests, investment objectives, and long-term financial goals before developing a customized strategy.
Rather than reacting at tax time, we monitor your financial situation throughout the year, adjusting recommendations as circumstances change. Our objective is to help you preserve wealth, minimize unnecessary taxes, and create a financial foundation that extends well beyond your playing career.
Comprehensive Financial Services for Professional Athletes
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01
Tax-Efficient Contract Planning
We help clients evaluate the tax implications of contracts, bonuses, and compensation structures to maximize after-tax earnings whenever possible.
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02
Residency & Multi-State Tax Planning
Professional athletes often have tax obligations in multiple states due to games, travel, and training. We provide residency planning and multi-state tax strategies designed to reduce unnecessary State tax exposure while maintaining compliance.
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03
Signing Bonus Tax Planning
Signing bonuses can present significant tax planning opportunities. We help clients understand how residency, timing, and tax rules may affect these payments while developing strategies that support long-term financial goals.
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04
Tax Return Review & Recovery Opportunities
We review prior tax filings to identify potential reporting errors, including situations involving incorrectly allocated income, fines, suspensions, or residency issues that may result in refund opportunities where appropriate.
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05
Business Entity Planning
We assist athletes in evaluating LLCs and other business entities for managing endorsement income, appearance fees, investments, and other business activities while maintaining appropriate tax planning strategies.
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06
Retirement & Wealth Planning
Professional careers may be relatively short, making long-term planning essential. We help clients develop tax-efficient strategies that support retirement planning, asset protection, and future financial independence.
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07
Cash Flow & Financial Planning
Understanding where your money goes is just as important as understanding how it’s earned. We help clients develop budgets, cash flow strategies, and financial plans that support both current lifestyles and future goals.
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08
Career Transition Planning
Planning for life after professional sports should begin long before retirement. We help athletes prepare for future business ventures, investments, and financial opportunities beyond their playing careers.
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Protect Your Career.
Preserve Your Wealth.
Your playing career represents an incredible opportunity, but also unique financial responsibilities.
Whether you’re entering professional sports, negotiating a new contract, managing endorsement income, or preparing for life after athletics, Perry CPA Group provides the specialized tax and financial guidance needed to help you succeed on and off the field.