Our Services
At Practical Sporting Solutions, we understand that as a sporting professional, your career comes with unique financial challenges and opportunities. Whether it’s managing fluctuating income, navigating complex tax rules, or planning for life beyond the game, our services are designed to meet your specific needs. From self-assessment tax returns and financial mentoring to accountancy services and future planning advice, we’re here to simplify your finances and give you the confidence to focus on your performance. With expertise in the sports industry and a personalised approach, we’re your trusted partner in securing your financial future.
Self Assessment Tax Returns
Filing a Self-Assessment tax return ensures all income, including sponsorships, endorsements, and prize money, is declared accurately to HMRC. This prevents penalties, ensures compliance, and helps you claim allowable expenses to reduce your tax bill.
Wealth Management
Wealth management helps you build and secure long-term financial growth. By investing wisely during your peak earning years, you can safeguard your future and achieve financial independence beyond your sporting career.
Company Formation
Setting up a limited company for sponsorship and endorsement income can provide significant tax benefits. We guide you through the process and manage ongoing compliance, keeping you focused on your sport.
Tax Planning
Strategic tax planning is crucial for minimising tax liabilities while maximising your earnings. This is especially important for sportspeople with irregular income streams or those earning from multiple sources, such as sponsorships and performance bonuses.
International Tax Advice
If you earn money abroad, international tax advice ensures you comply with UK and overseas tax laws. We help you avoid the possibility double taxation and navigate the complexities of cross-border earnings.
VAT
For those earning above the VAT threshold or with sponsorship contracts involving VAT, we ensure proper registration, management, and compliance, helping you avoid penalties and unnecessary costs.
Looking for something else? Head to our sister page, to view our full range of services.
