Sports & Entertainment
Centered in the heart of the mid-Atlantic region, our team specializes in the various fields of financial management services needed by the everyday athlete and entertainer. Capaldi Reynolds & Pelosi’s Sports and Entertainment team partners with athletes and entertainers as they tackle the unique financial challenges they face, both during their careers and over the long term.
Much like a quarterback needs their offensive line to provide support and protection during a game, today’s athlete and entertainer needs the protection and support of solid financial managers and accounting teams to help navigate ever-changing and dynamic economic changes to help maximize growth opportunities and limit financial risk. Capaldi Reynolds & Pelosi and CRA Financial have collaborated to form a specialized team of accountants and financial managers poised to aid our athletes and entertainers with services such as:
- Federal and multi-state tax compliance, consulting, and planning solutions
- Financial Management Services
- Personal CFO Services
- Retirement Planning
Industry Insights
Using a 529 Plan to Fund Education
A 529 Plan, also known as a Qualified Tuition Program (QTP), is a common way to save for education because of its tax advantages. Before the passage of the One Big Beautiful Bill Act in 2025, 529 funds were primarily designed for college-related costs. The 2025...
The Great Wealth Shift: What It Means for Families Today
Over the next 10 to 20 years, one of the largest financial transfers in history will quietly unfold. Trillions of dollars are expected to pass from baby boomers to their heirs. For many families, this will be the first time significant wealth changes hands. While...
Mandatory Roth Catch-Up Contributions Begin in 2026
For nearly a quarter century, employers have been able to offer their retirement savings plan participants age 50 and older a valuable opportunity — the chance to make additional catch-up contributions to their plan.1 Thanks to the SECURE 2.0 Act passed in 2022, that...
Happy 2026! Tax Information for our Clients
This year we will again be implementing a deadline for all our individual tax return clients to provide us with their tax documents in order for us to get our work completed by the original due date of April 15, 2026. Please provide your tax documents no later than...
Understanding the New 2026 Charitable Contribution Rules
The rules for deducting charitable contributions on your individual income tax return are changing for 2026. Here’s what you need to know to maximize your tax benefits and avoid surprises. 2026 Charitable Contribution Deduction Rules If you itemize deductions, you can...
New Incentive to Start Saving Early for Retirement
Take a look through the window in the nursery ward at the newborns and you will see little ones who can be saving for retirement. The One Big Beautiful Act will help get these children off to a good start since every child who is a US citizen born between January 1,...