The next time you see the biggest stars of the PGA Tour during a final round on television, do not assume just as professional golfers. Today, these athletes are neither more nor less than small businesses with skilled employees to manage their income and their expenses ....
professional golf has become a very lucrative venture. Over the golfer is successful, his life is more complicated. Talk to Tiger Woods! (That that's another story ...)
An article published in a newspaper of Milwaukee on the sidelines of the Players Championship on the PGA Tour in August, revealed interesting information about the staggering number of people gravitating around the golfers and the percentage of scholarships that are in their pockets after applying all the expenses.
It takes first a very good accountant and a tax master. Imagine if the golfer has pocketed revenues in twenty U.S. states and in three or four countries (Canada, United Kingdom and Australia, for example) ...
"Golfers can work differently athletes together in a team, "says Don Hoffman, an accountant in New York working with professional athletes. They can declare as many self-employed than a small company presidents. "
The average scholarship amassed so far in 2010 reached $ 922,139 (all amounts are in U.S. dollars). The leader in this area is Matt Kuchar with total earnings of 4.75 million.
To read the rest of this column posted on the site Ruefrontenac.com, click here.
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