Pro Athletes and Team Trades

January 30th, 2019 Off

In the Daily Tax Report, John explains how players might be financially affected during trades. 2018-03-13 BNA Tax (Bloomberg) – Sports Team Trades

California Tax Rates Can Prove a Heavy Burden

January 30th, 2019 Off

John tells Fox Business how high-tax states affect the pros. 2017-02-22 Fox Business – Lakers California Tax Rate An Obstacle  

Tax Season Trials for CPAs

January 30th, 2019 Off

“We’re at our best,” says John Karaffa of his firm, ProSport CPA. 2017-01-31 Accounting Today – Making the Best of Busy Season

Everything Your New Year’s Resolutions Will Do to Your Brain and Body: Spending Less and Saving More

January 3rd, 2019 Off

By Adam Elder   How long does it take before it starts to feel like a success story, rather than a punishment? You probably heard this stat from earlier this year: 40 percent of adults don’t even have 400 bucks to cover an emergency if they needed to. No surprise, then, that spending less money and saving […]

John Karaffa Discusses 2018 Tax Changes with Accounting Today

January 15th, 2018 Off

Among CPAs, it’s common to hear a major piece of tax legislation called “The Accountants’ Full Employment Act” — and the Tax Cuts and Jobs Act is no different. Having passed in the Senate in the early hours of Wednesday, and with only a purely procedural second vote in the House due Wednesday morning, the […]

“Live Like a College Student,” Karaffa says.

January 15th, 2018 Off

John joins other finance pros to offer tips for spending less and saving more.   Read the article here.   2018-01-02 The Normal Person’s Guide to New Year’s Resolutions – Spending Less and Saving More

NHL Players’ Salaries Shrink by Millions After Taxes

October 15th, 2017 Off

What do National Hockey League athletes really make? The players are lucky to see about a third of their original salaries after federal taxes, state taxes, and other financial obligations. Read More at Bloomberg

Think Playing Quarterback Is Tough? Try Sorting Out an Athlete’s Tax Bill

September 15th, 2017 Off

Some professional athletes may score giant signing bonuses and big paychecks, but they also can be sidelined by tax troubles. Three tax experts who specialize in pro sports reveal a few surprises that routinely blindside new players. Read More at NerdWallet

ProSport CPA Featured in Accounting Today

January 31st, 2017 Off

“Tax season is when we’re at our best,” John Karaffa said. “We prepare for it the entire off-season.” Check out ProSport CPA’s mention in Accounting Today. Look under the subhead “Starting All Over Again.” This is why we are THE Tax Pro for the Pros®! http://www.accountingtoday.com/news/making-the-best-of-busy-season

ProSport CPA’s John Karaffa on NBA Radio’s Above The Rim (Sirius XM)

May 27th, 2016 Off

NBA Radio on Sirius XM invited athlete tax expert, Dr. John Karaffa of ProSport CPA, on the program to discuss the tax ramifications of playing professional sports in the U.S., Canada, and overseas. Hosts Joel Meyers and Antonio Davis shared their intrigue with the vast complexity of tax filings for professional athletes and expressed great […]