Episode 125: In the final Hoop Commitment Podcast episode, Kyle Jordan discusses the complexities of navigating taxes for college athletes, especially in light of the new NIL (Name, Image, Likeness) opportunities. He shares the importance of understanding tax obligations, the benefits of forming LLCs or S-Corps, and strategies for managing finances effectively,
Kyle shares insights on common misconceptions athletes have about taxes, the significance of write-offs, and the benefits of working with financial professionals to help athletes grow their wealth. The conversation emphasizes the need for athletes to think of themselves as businesses and to plan for their financial futures.
If you want to learn about compounding wealth, health and happiness, follow along at compoundcommitment.com, join one of the 30-Day Commitments and listen to my new podcast, The Compound Commitment. The first episode launches Tuesday, October 7th!
Kyle Jordan is the owner of a CPA firm that employs a team of 17 professionals and serves more than 3,000 clients across a broad range of tax and accounting services. A lifelong athlete and former high school basketball coach, Kyle has combined his knowledge in accounting with his passion for sports to build a specialized focus in the Name, Image, and Likeness (NIL) space.
His deep understanding of both the athletic and financial landscapes has played a key role in the firm’s growing reputation as a trusted advisor to collegiate and professional athletes navigating complex tax matters. A team is never just one individual. Kyle has a terrific team of accountants and CPAs working alongside him and collectively they are all in on helping athletes navigate tax and financial related matters.
If you want to learn more about Kyle, check him out at: gameplantax.com or email him at kyle@gameplantax.com
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