We look after the financial affairs of sports professionals of all disciplines, including football, rugby, golf, boxing and athletics. We’ll handle everything from tax compliance and general business advice to tax advice and wealth protection so you can focus on your game.
Whatever your income and wherever you take part in your sport, we’ll ensure that everything is correctly accounted for. That might mean taking account of elements such as personal appearances, image rights, sponsorships, cross-border tax, social security and VAT. This is all aimed at minimising the tax you pay and making sure you keep the maximum amount possible from your earnings.
We’re there whenever you need us and will manage your finances behind the scenes so that you can focus on your sport. And we’ll continue to use our expertise through the many different and changing circumstances you face.
Whether you have to negotiate a new contract, are about to move to another club, or it’s ‘business as usual’, our advice can reduce your tax burden. We can’t make you rich but we CAN help you to keep as much money as possible from all your hard work. And that’s a winning formula.
We’ll keep an eye on any changes in international legislation to ensure that you receive as much of your earnings and pay as little tax as possible.
We’ll also help you to manage your image rights and the associated financial implications.
We’ll clarify whether there are advantages to you being employed or self-employed.
However short or long your contract, we’ll deal with the UK and foreign tax implications.
Sports professionals can claim a wide variety of tax-deductible expenses, which could range from those associated with public appearances down to the cost of laundering and maintaining your sports kit. We’ll advise you about what you can claim (and what you can’t).
With Axia, your own dedicated tax accountant will optimise your tax affairs, giving you complete peace of mind.
We’ll guide you through residency issues, which will affect income tax. UK residents pay income tax in the UK, whether your income is earnt at home or abroad (although you might also have to pay foreign tax which could possibly be offset against any UK tax you pay).
If you spend nearly all of your time abroad, training and competing, you’ll need to ensure you don’t end up paying tax twice, in different countries – but don’t worry, we’ll sort out the best solution for you.
When you show your gross income, don’t deduct your agent’s commission and VAT.