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When you live life in the spotlight, you need a business advisor who understands the importance of discretion and reliability. LQ Consultants is a full-service tax consulting firm dedicated to athletes, entertainers, broadcasters, sports franchises, and charitable foundations. We help our clients maximize their revenues, control expenditures, protect their net worth, and ensure financial security long after their careers conclude. Our team possesses deep expertise in handling complex salary contracts, recording and touring agreements, product endorsements, royalties, and financial investments.
Our services extend beyond financial advice, tax, and estate planning. We also support clients with new ventures, such as automobile dealerships, restaurants, internet start-ups, construction projects, real estate investments, and more. At LQ Consultants, we are committed to being a comprehensive solution for all your financial and business needs.
Key Services for Sports and Entertainment Industry:
Financial and Accounting Services:

– Systems analysis and structuring of endorsements, touring, recording, and employment contracts

– Collection of contractual and non-guaranteed (prize money) income

– Coordination with outside attorneys for real estate transactions

– Generation of comprehensive quarterly personal financial statements and net worth analysis

– Investment monitoring and reporting

– Personal insurance liability management (liability protection)

– Comprehensive tax and estate planning

Tax Services:

– Tax planning, minimization, and compliance (domestic and international)

– Establishing domicile to reduce state tax impact

– Establishment of corporations/LLCs and trusts for asset protection purposes

– Tax structuring of contract income (critical during free agency periods)

Estate Planning:

– Implementing estate and trust planning

– Establishment and recommendation of charitable foundations and projects

– Minimizing potential estate tax

– Life insurance planning

Business Consulting:

– Business plan development and strategy

– Acquisition and due diligence

– Research and analysis

– Technology consulting

– Back office operation development

Concierge Services and Bill Pay Services:

– Bill paying and bookkeeping

– Budgets and annual goal settings

– Special services (mortgages, credit cards, automobile leasing, etc.)

– Private aircraft charter/fractional share purchase tracking

Country-Specific Services..

Corporate Tax Compliance and Planning:

Ensuring adherence to Indian tax regulations while optimizing tax strategies for athletes and entertainers

Transfer Pricing Services:

Assisting MNCs with transfer pricing documentation and compliance specific to Indian regulatory requirements.

Expatriate Tax Services:

Providing tax planning and compliance services for expatriates in India, including guidance on residency and tax treaty benefits.

INDIA

CANADA

. Corporate Tax Preparation and Advisory:

Offering comprehensive tax preparation and strategic advisory services for Canadian sports and entertainment professionals.

GST/HST Compliance:

Ensuring compliance with Canada’s Goods and Services Tax (GST) and Harmonized Sales Tax (HST) for entertainers and athletes.

Cross-Border Tax Services:

Facilitating tax compliance and planning for cross-border operations between Canada and other countries.

Business Tax Planning and Compliance:

Delivering tailored tax planning and compliance services for US-based athletes and entertainers.

State and Local Tax (SALT) Services:

Assisting sports and entertainment professionals in navigating the complexities of state and local tax regulations.

Expatriate Tax Compliance:

Providing specialized tax services for expatriates in the US, including federal and state tax filings and analysis of treaty benefits.

USA

LQ Consultants is here to provide expert guidance and comprehensive tax solutions for athletes, entertainers, and related entities in the US, Canada, and India. Contact us to benefit from our extensive experience and personalized approach.