We are happy to announce the release of our newest quarterly magazine! The Sports & Entertainment Issue highlights some of the hot topics in sports & entertainment including tax issues for athletes, Loan-Out Corporations, Qualified Business Income Deduction, and more.

What You’ll Find Inside this Issue:

  • Game-Changing Tax Matters for Athletes By Brad Pauley, CPA
  • Lights, Camera, and Actionable Strategies for Long-Term Financial Planning By Philip Clark, CFP®
  • M&A Trends in the Media, Entertainment, and Gaming Industries: 2019 Q1-Q2 By Paren Knadjian
  • Qualified Business Income Deduction and the Entertainment Industry By Ronique Davis, CPA
  • 5 Tips for Choosing the Right Business Manager By Stacey R. Korman, CPA, MST
  • Loan-Out Corporations: To Be or Not To Be? By Douglas Venturelli, Esq. and Jonathan Louie, CPA

  • Introducing KROST’s Sports & Entertainment Team:

    Douglas A. Venturelli, Esq., is a Principal at KROST. He has over 35 years of experience in Tax, Estate and Business Services. His main focus is consulting with entertainment, legal, real estate and medical industry clients as well as managing many fiduciary and estate tax issues. Doug brings first-hand knowledge to his tax and consulting practice after working in the film industry for numerous years after graduating from Law School.

    Brad Pauley, CPA is a Tax Director at KROST. Brad has over 20 years of experience providing tax advice, projection, and compliance services to clients in a variety of different businesses and industries. His areas of focus include high net worth individuals and their closely held businesses, including athletes, entertainers, service professionals, and owners/operators of real estate including like-kind exchanges.

    Stacey R. Korman, CPA, MST is the Accounting Director at KROST. She is a key member of the advisory team and is a trusted consultant. Stacey has extensive experience in assurance, advisory and accounting services, with an emphasis on middle-market companies and high net worth individuals. She has spent her career managing audits, reviews, and compilation engagements.

    Paren Knadjian is the practice leader of the M&A and Capital Markets group at KROST. He comes with over 15 years of experience in mergers and acquisitions as well as equity and debt financings. In that time, Paren successfully completed over 50 transactions acting as a both a buy-side and sell-side advisor, as well as a broker/dealer.

    Philip Clark, CFP® is the Director of KROST’s Wealth Management practice. Phil focuses on Financial Planning for business owners, Hollywood professionals, executives, and affluent families with a mission to create opportunity and add value to his clients’ lives. Phil takes pride in helping clients prioritize their financial goals. He has a passion for taking complex tax and investment strategies and integrating them in a logical and comprehensive way. It’s been a common thread throughout his career to put people first.

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