Steven is actively involved in servicing the sports and entertainment industries. In this role, he is a consultant for, and represents individual athletes, sports teams and associations. He has been a featured presenter to various NFL clubs where he educates the professional athlete about business and budgets. His business advice to athletes has been featured in articles published in Street & Smith’s Sports Business Journal, and marketwatch.com, among others. Additionally, Steven was featured on WCBS’s CEO Radio sharing his insight on strategies for athletes to achieve financial success, and also appeared on Late Night with David Letterman.
A highly respected member in his field, Steven is recognized as an “expert voice” and contributes regularly to the Grassi & Co. Construction Advisor, as well as various other publications. Steven teaches construction accounting for the School Construction Authority’s mentor program. Additionally, Steven has been an avid professor of Affordable Care Act compliance for applicable large employers and has been host to webinars and seminars on the topic—which have been heavily attended by industry executives.
Articles & Alerts
This past tax season was an especially demanding one as it was the first one under the new sweeping tax legislation, the “Tax Cuts and Jobs Act of 2017,” which passed 12/22/2017—professional athletes and coaches felt its impact deeply.
One of the positives that came out of The Tax Cuts and Job Act is the change in the small contractor’s exemption of Average Annual Gross Receipts (AAGR) test from $10,000,000 to $25,000,000.Read more
If the Carolina Panthers move their business operations and practice facilities to South Carolina, Charlotte might lose a little of the luster of being home to an NFL team’s headquarters. You might not spot Cam Newton on South Tryon scootering to practice anymore, either.Read more
While you offer your employees defined contribution, defined benefit, health and welfare, or profit sharing plans, it is important to know that offering these plans also comes with responsibilities and risks for the sponsoring company and the trustees of the plans.Read more
As NFL training camps are opening up, it is imperative for players and their loved ones to understand how to navigate business opportunities, multi-state taxes, residence choice, how to account for in-season and off-season expenses, budget earnings and make sure there is enough cash flow to last the entire off-season.Read more
Every year, Grassi & Co. produces a Construction Industry Market Outlook Survey followed by a Symposium made up of executives within the construction industry to comment on the results of the survey.Read more
It’s imperative for players and their loved ones to understand how to navigate business opportunities, multi-state taxes, residence choice, how to account for in-season and off-season expenses, budget earnings and make sure there is enough cash flow to last the entire off-season.Read more
In April of this year, Governor Cuomo signed into law the Paid Family Leave Act enabling workers with up to 12 weeks of paid leave a year to care for a seriously ill family member or newborn, or address issues from a family member’s military service. The law will apply to all employees who are covered by the state’s temporary disability insurance law, regardless of their employer’s size, and who have been employed for 26 or more consecutive weeks.Read more
In a recent visit to an NFL club during their organized team activities, wherein 29 of the rookies and free agents took part in a financial literacy class, the room was queried and only one of the 29 rookies said he had prepared a tax return in the past. While this is not surprising, it is somewhat worrisome as these players have no idea what their new tax compliance obligation is.Read more
The second biggest mistake most NFL players make, aside from not budgeting their 16 paychecks over an entire year— as per ”How Rookies Can Budget Their Earnings in The ‘Ballers’ Era” published in the August 24-30, 2015 issue—is not viewing themselves as their own brand. Until players realize that they, themselves, are the CEO of their own personal brand, they will struggle to develop the professional maturation needed to thrive once their football careers end.Read more