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
An Introduction to Cryptocurrency
Defining cryptocurrency can be difficult. Although precise definitions vary, the Internal Revenue Service (“IRS”) defines cryptocurrency and virtual currency as a digital representation of value that functions as a medium of exchange, a unit of account and/or a store...
Death/Incapacity Dossier: Records to be Compiled in Contemplation of Death or Incapacity
Think about this situation. You received word that an acquaintance passed away suddenly and you were designated as the person to contact. You met the deceased a few years ago and you maintained a causal friendly relationship. After some time for grief and...
Ask Your Accountant August 2019
I inherited my mother’s IRA and I’m required to begin taking required minimum distributions (RMDs) this year. Can I have the withdrawals transferred to a charity and not report them as income? Taxpayers are allowed to donate up to $100,000 ($200,000 for a couple) of...
IRA Rollover to make HSA Contribution
Health Savings Accounts (HSAs) are one of the best retirement and investment tools for various reasons. A HSA is a savings account set up for the sole purpose of paying the qualified medical expenses of the account’s beneficiary or the beneficiary’s dependents or...
Qualified Opportunity Funds: A property investment opportunity?
The 2018 Tax Cuts and Jobs Act added something new to the tax code called Opportunity Zones. An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify...
IRA Rollover to make HSA Contribution
Health Savings Accounts (HSAs) are one of the best retirement and investment tools for various reasons. A HSA is a savings account set up for the sole purpose of paying the qualified medical expenses of the account’s beneficiary or the beneficiary’s dependents or...