For professional athletes, tax time is not always straight forward. Download BDO’s Professional Athlete Tax Checklist to get a head start on what expenses you can claim against your sports related income.
Do you find tax time complicated?
We understand that as a professional athlete, you have specific and common expenses that you incur in the process of achieving your professional sporting goals. Knowing how to account for these expenses can be a minefield.
Our specialist sporting industry advisers have prepared a practical and easy-to-use checklist, to help you quickly identify and categorise these common expenses into deductible versus non-deductible items.
This checklist will assist professional athletes in knowing what can and can't be claimed on tax, including:
- Self-education expenses
- Health and fitness
- Training, reasearch material, internet and phone expenses
- Work-related uniform expenses
- Travel expenses
- Car expenses
- Professional services expenses
- And other non-professional sports deductions
If you are interested in learning more, get in touch with a BDO Sports Adviser today.