News2019-07-03T14:36:23-05:00

PPF, In The News

Raiders’ money riding on timely move to lower-tax Nevada

‘Wild, wild West’

New England Patriots tackle Trent Brown sits on the sideline during a game against the Buffalo ...

Jarrett Perry is founder and CEO of Player Performance First, a Florida-based accounting firm that specializes in professional sports. He devises and implements strategies to maximize returns for clients, such as advising players on where to spend their bye week or handling the tax implications of suspensions, fines and duty days.

https://www.reviewjournal.com/sports/raiders-nfl/raiders-money-riding-on-timely-move-to-lower-tax-nevada-1640812/

Give and Take

It will be years before the full impact of the new federal tax plan is known, but one thing is certain: High-earning athletes will feel a difference in their wallets. Most will benefit from cuts for top earners but will also lose several common deductions. This will be a particularly complex tax season, especially for athletes switching teams. How they come out will largely depend on where they play. With the help of CPA to the stars Jarrett Perry, here’s how athletes could be impacted in 2018.

Read the Full Story on Jarrett and PPF in Sports Illustrated

How trumps new tax bill will impact star athletes

For millionaire sports stars, the decline in their marginal rate—from 39.6 to 37%—would be offset by eliminating the deductions on everything from training expenses to union dues to agent commission.

The reality is somewhat more complex. High-earning athletes are dramatically impacted by the new tax bill. But it all depends on where their team plays and where they live. If location, location, location represents the three most important words in real estate, it doubles as the slogan for tax implications.

Read the full article in Sport Illustrated

How state taxes could affect Bryce Harper

No matter where they sign as free agents, Bryce Harper and Manny Machado will break the bank. They could sign contracts that guarantee them more than $300 million, perhaps more than $400 million. Their deals will all but ensure that they and generations of descendants are financially set. Yet these two superstars will “take home” significantly higher or lower pay depending on which teams sign them and the applicable income tax rates in the states where those teams are based.

Read the full article on Yahoo Sports