Archive for the ‘Education’ Category

ProSport CPA Featured in GQ Article

Monday, April 25th, 2016

GQ magazine featured an article on NFL players and their financial decisions in April’s edition of the magazine. The article, Show Yourself the Money by Ben Austen, chronicled the efforts by leaders in the industry to help educate professional athletes on their business decisions.

ProSport CPA’s President, Dr. John Karaffa, shared valuable insight with the author on how NFL players tend to make riskier financial choices than warranted. Dr. Karaffa’s general advice to professional athletes is to be conservative with their investment dollars, investing in safe, tax-advantaged ways. Professional athletes make the most they’re probably going to make in their lifetimes at a young age, when they know very little about personal finance. Therefore, their financial decisions are very critical during their playing careers, so they can maximum how long their money will last during their early, long retirements.

GQ (Gentlemen’s Quarterly) is the premier men’s magazine that focuses on fashion, style, and culture for men. GQ has a massive international following with a readership of 1 million print subscriptions and 4 million viewers online.

For more information or to speak with a financial professional, knowledgeable about taxes for professional athletes, please contact Dr. Karaffa at (804) 363-9684 or visit us at

The MBA Program for Retired NFL Players

Fox News Features ProSport CPA in Article on California’s Tax Hike

Friday, February 1st, 2013

Fox News enlisted the help of ProSport CPA’s founder, Dr. John Karaffa, in a highly-circulated article about California’s income tax rates. The article, Millionaire Athletes Flee States With High Income Taxes by Joshua Rhett Miller, analyzed Phil Mickelson’s recent comments about California’s newly-enacted tax increase on millionaires.

In the article, Dr. Karaffa commented about California being “already a very high tax state and it’s getting to a point where folks have to make a business decision as well as a lifestyle decision.” The Mickelson case helps to bring state taxation issues to the forefront as hot topic for professional athletes. Since taxes are a professional athlete’s largest expense, it is even more important than ever that professional athletes seek out quality, professional Certified Public Accountants to assist them fulfill their tax obligations.

Fox News is the most-watched news channel in the United States with a distribution of over 90 million subscribers.

For more information or to speak with a financial professional, knowledgeable about taxes for professional athletes, please contact Dr. Karaffa at (804) 363-9684 or visit us at

2013-01-30 Fox News Article on California Tax Rate Hike

FORUM Magazine Publishes Article by Dr. John Karaffa

Thursday, May 5th, 2011

John Karaffa Featured in Strayer University’s FORUM: Advancing Academic Discourse Winter/Spring 2011 Edition

An article written by Dr. John Karaffa, President and Founder of ProSport CPA, was published in the Winter/Spring 2011 edition of Strayer University’s magazine, Forum: Advancing Academic Discourse. Forum is the semiannual academic newsletter of Strayer University. The mission of Forum is to provide a venue for Strayer University faculty and academic administration to discuss issues affecting adult learners and share experiences that further professional growth.

The article written by Dr. Karaffa provided recommendations to Leaders in the National Football League, NFL Players Association (NFLPA), and NFL Teams to help them increase NFL player awareness about making better financial decisions. Recommendations revolved around the categories of (1) disabilities and injuries, (2) NFL pensions, (3) careers after football, and (4) financial education.

Dr. Karaffa’s company, ProSport CPA, is a local tax, accounting, and financial education firm that specializes in helping professional athletes. More information is available at

The full article is attached Strayer University Forum Winter-Spring 2011

Dr. John Karaffa Shares Financial Tips with NFL Prospects

Thursday, February 3rd, 2011


Dr. Karaffa Sharing Financial Tips with NFL Prospects

College professor and renowned personal finance expert, Dr. John Karaffa, recently spoke with participants of this year’s NFL combine training program at Tom Shaw Performance Enhancement in Orlando, Florida. Dr. Karaffa shared his experiences as a former professional athlete, tax accountant, and advisor to professional athletes with the audience that included over 20 professional football prospects. The 45-minute session provided the future pros with valuable financial guidance derived from former NFL greats on what to do and what not to do as they enter the professional ranks. Dr. Karaffa’s research with former NFL players resulted in a series of practical financial tips that help professional athletes make better financial decisions.

Tom Shaw Performance Enhancement is training program hosted at Disney’s Wide World of Sports. Coach Tom Shaw helps college players improve their ”speed, power, agility, quickness, and quickness” prior to attending the National Football League’s scouting combine. Coach Shaw, a former coach for the New England Patriots’ SuperBowl Championship teams, also trains current NFL players, and past participants of his program include 10 SuperBowl MVPs, 122 NFL first round draft picks, and 8 #1 picks.

For more information about financial education seminars tailored to meet the needs of professional athletes, please call Dr. Karaffa at (804) 363-9684 or visit us at

Future NFL Pros Learn about their Personal Finances

Dr. John Karaffa profiled in the Journal of Accountancy

Thursday, July 1st, 2010

ProSport CPA Founder Tapped for Prestigious Accounting Journal

Dr. John Karaffa, President and Founder of ProSport CPA, is profiled in the July issue of the Journal of Accountancy, the leading journal in the accounting industry. The magazine selects Certified Public Accountants in all walks of life to profile in each issue. Dr. Karaffa’s background proved quite interesting for the journal, as his past jobs included stints as a Chief Financial Officer, Controller, Professor, Coach, and Professional Basketball Player.

Dr. Karaffa’s company, ProSport CPA, is a local tax, accounting, and financial education firm that specializes in helping professional athletes. More information is available at

The full article can be found at

Karaffa – Journal of Accountancy July 2010

John Karaffa Awarded Doctor of Business Administration

Wednesday, March 24th, 2010

John Karaffa, President of ProSport CPA PLLC in Virginia, recently received a Doctor of Business Administration from the School of Advanced Studies at the University of Phoenix. Dr. Karaffa, who pursued his doctoral studies starting in 2006, had earned a MBA from Schiller International University in 1995, and a Bachelor of Science in Accounting from Butler University in 1991, where he also played intercollegiate basketball for the Butler Bulldogs, the 2010 NCAA Men’s Basketball Championship Runner-Ups.

Dr. Karaffa completed a widely-acclaimed doctoral dissertation in cooperation with the National Football League Players Association entitled, Retired NFL Players’ Perceptions of Financial Decisions Made: A Phenomenological Study. His study focused on the financial decisions made by former NFL players during their playing careers. Dr. Karaffa’s research study was the first of its kind in professional sports. His work has gained notoriety for its in-depth recommendations to professional athletes, as well as to financial advisors who support this challenging niche.

Dr. Karaffa’s firm specializes in tax, accounting, and financial education services for professional athletes and entertainers. For more information, please contact ProSport CPA or visit