New MT Guides help sports professionals ensure finances are fit for the future
Moore Thompson has launched two new specialist guides aimed at helping professional sportspeople to plan their financial affairs.
Moore Thompson’s managing partner, Mark Hildred and senior accountant Ainsley Johnson both have many years’ expertise working with sports professionals to help with various financial issues, from advising on the creation of new contracts to minimising a sportsperson’s tax liabilities.
The new brochure on Sports Finance, together with a specialist tax guide that focuses on footballers’ finances, are designed to provide an overview of the complex financial issues that face professional sportspeople, as well as providing an insight into the ways Moore Thompson’s services can address them.
Many professional sportspeople need to manage complex earnings and assets during their careers, whilst planning ahead for retirement, which will arrive well before most other professionals start to draw on their pension funds.
The guide includes advice on:
- The most tax-efficient way to receive payment for non-footballing activities such as personal appearances
- How to structure a company so that it is compliant and not challenged by the taxman
- The best way to minimise tax liabilities for property assets
- Non-residency status and how to mitigate tax
- Taxable benefits and little known tax breaks
- How to ensure loans and transfers receive the correct level of tax relief
- Creating assets to achieve a lasting legacy
- How to tackle tax investigations and ensure they do not fall foul of HMRC
Both guides are available to download now from http://www.mtsports.co.uk/.
To find out more about Moore Thompson’s specialist tax and financial services for sports professionals, please contact us.