Tax Hints for Overseas Pro Basketball Players

December 20th, 2016 Off

You’re facing some big financial decisions and filing taxes needs to be a priority. Some American athletes are playing a dangerous game with the Internal Revenue Service (IRS) by not complying with U.S. tax laws. Others are passing up valuable opportunities to receive refunds from their host countries. As Americans, no matter where we earn […]

Tax Hints for Canadian Football League (CFL) Players

December 1st, 2015 Off

For Americans playing in the Canadian Football League (“CFL”), along with learning the playbook, absorbing the foreign culture, and taking care of business on the field, filing taxes should be of paramount concern. Some American imports, however, are playing a dangerous game with the United States’ Internal Revenue Service and the Canada Revenue Agency by […]

BasketballElite Interview with John Karaffa

June 24th, 2013 Off

BasketballElite caught up with John Karaffa of ProSport CPA at this year’s Portsmouth Invitational Tournament. ProSport CPA provides expert tax, accounting, and financial education services to professional athletes, including over 100 professional basketball players in the NBA, WNBA, and overseas. For more information or to speak with a financial professional, knowledgeable about taxes for professional […]

Richmond Times-Dispatch Profiles ProSport CPA

May 27th, 2013 Off

The Richmond Times-Dispatch caught wind of ProSport CPA’s great story and ran a feature article on Memorial Day. Professional athletes, such as Virginia Tech’s Danny Coale who now competes for the Dallas Cowboys, realize the importance of having trusted, quality advisors on their team. For more information or to speak with a financial professional, knowledgeable […]

ProSport CPA’s President, John Karaffa, Named Accountant of the Month by Accounting Today

December 7th, 2012 Off

Accounting Today magazine named Dr. John Karaffa its Accountant of the Month. The article is available online currently and will appear in the January 2013 edition of the magazine. More can be found by accessing the article online. Accounting Today is a leading provider of online business news for the tax and accounting community, offering breaking […]

Tax Time Tips for the Pros

January 9th, 2012 Off

As the New Year is here, it’s time to start accumulating the data you will need to provide to your accountant. Whether you’re a player in the NFL, NBA, MLB, NHL, MLS, WNBA, CFL, racing, boxing, overseas, or other pro sports, you have unique deductions that you can take due to your profession. Some tips to help save you money: […]

John Karaffa Again Recognized as “Super CPA”

November 1st, 2011 Off

Virginia Business has again recognized Dr. John Karaffa, the Founder of ProSport CPA, as one of its 2011 “Super CPAs” in the categoy of Individual Taxation. Virginia Business identifies the “best of the best” of the Certified Public Accountant (CPA) profession through this special program that highlights Virginia’s top CPAs for their contributions to their […]

FORUM Magazine Publishes Article by Dr. John Karaffa

May 5th, 2011 Off

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 […]

Professional Athlete Deductions Can Provide Substantial Tax Relief

February 12th, 2011 Off

With professional athletes facing overall tax rates in excess of 40%, appropriately utilizing all available Internal Revenue Service (IRS) tax deductions is a necessity. Professional athletes face unique costs due to their profession. Fees for agents, trainers, advisors, and union dues are all tax-deductible, as well as many other expenditures that are often overlooked. The […]

Dr. John Karaffa Shares Financial Tips with NFL Prospects

February 3rd, 2011 Off

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 […]