An athlete’s career offers great monetary rewards in just a few short years. Most people take a lifetime to earn the same rewards. That’s why it makes sense to pay special attention to tax planning related to high earnings and the long-term effects of today’s spending habits. But this kind of knowledge is unique. Not all tax and financial professionals know the ins and outs of the sports world, or the issues particular to athletes.
Advice Tailored for Athletes
O’Connor & Drew, P.C., Certified Public Accountants, has focused on serving athletes for nearly two decades. We provide tax and financial advice specifically formulated for the needs of athletes. And, we understand the sports business. Inside and out.
Tax Savings Strategies
Our Firm is well versed in tax strategies that reduce total taxes paid. We project taxable income and consider the multi-state tax issues affecting athletes. We can also provide contract negotiation support to anticipate the financial impact of various proposals.
We have developed a simple budgeting formula, which is customized for each athlete. It provides guidance for establishing a lifestyle that can be supported through long-term saving. We can also discuss wealth-sharing ideas to provide for current and future family need, including estate planning.
Commitment to the Client
When a sports professional comes to O’Connor & Drew for advice, he will work with Mitchell S. Halpern, our Sports Division director. Mitchell is an expertly trained 25 plus year veteran of the sports industry. He’s a highly-respected expert in this area, writing the chapter on state taxation of professional athletes in one of the leading legal books utilized by the industry. Mitchell has been a featured panelist at key national conferences. With Mitchell, you always get carefully considered guidance. Whenever you call, you’ll get intelligent, professional advice you’ll come to rely on.
Fee for Services
O’Connor & Drew only charges for service performed, not as a percentage of income.