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
Thinking of Making an IRA Contribution for 2016?
There are many types of IRAs. This article will discuss Traditional IRAs, Roth IRAs and non-deductible IRAs, available to individuals (or a spouse of an individual) with earned income or collecting alimony. The first criterion to consider is your age. If you are over...
What am I Forgetting?
Spending a little bit of time thinking about your expenses for the year might lead to lower taxes. We often see taxpayers cheat themselves when it comes to the following: Medical expenses for themselves and their dependents. These are harder to deduct for federal...
It’s January: Time to Prepare for Tax Season
by Clayton Himstedt, CPA Now that the holidays are behind us, we can start focusing on everyone’s favorite time of year, tax time. Throughout the month of January, your 2015 tax documents will begin arriving in your mailbox. The best time to provide your tax...
The Alternative Minimum Tax – “The Epitome of Pointless Complexity”
So dubbed by the Tax Policy Center, the Alternative Minimum Tax, a tax intended to insure that wealthy taxpayers pay their fair share of federal taxes, is showing up on more middle class tax returns. Will you be one of those taxpayers? The Alternative Minimum...
Quickbooks Tip of the Month: May
Did you know that you can save images of receipts using Quickbooks Online Mobile? This app can be downloaded free for Android devices from the Google Play Store or for iPad and iPhone devices from iTunes. Data such as expenses can be directly entered into Quickbooks...
Canceled Debt – Is it Taxable or Not?
Canceled Debt – Is It Taxable or Not? If you borrow money and are legally obligated to repay a fixed or determinable amount at a future date, you have a debt. You may be personally liable for a debt or may own a property that is subject to a debt. If your debt is...