Business Management Services

Through The Portney Management Group

WHAT IS BUSINESS MANAGEMENT

A BUSINESS MANAGER
The business manager handles the financial affairs of musicians and entertainers. Most have degrees in business administration with concentrations in accounting or management. The business manager should have knowledge of negotiating, accounting skills, investments, and tax laws. Business Managers charge a fee of between 4 and 5% depending on the scope of services provided.

In cooperation with our division, Portney Management Group, we perform many functions in overseeing the financial affairs of our clients in the entertainment and sports industries. Among the services we provide are:

• Bookkeeping Services
• Monitoring of Income and Expenses
• Financial Reporting
• Personal Expenditure Budgets
• Tax Planning
• Federal and Mulit-State Tax Compliance
• Financing Application Preparation
• Insurance Administration
• Estate and Retirement Planning
• College and Educational Savings Programs
• Business management
• Day-to-day cash management
• Bill paying
• Wealth management
• Personal support

By overseeing all financial aspects of our clients’ lives, we strive to maximize their earnings, preserve their assets and plan for the future. With business and personal finances in our experienced hands, our talented clients can focus on their careers. Our clients can be secure in the knowledge that their finances are being handled with integrity and care and that their interests are being protected by our knowledgeable and professional team.

Contact our Entertainment Group at

Portney Management Group
A Division of Portney & Company, CPA's

201-862-0500

Marylou@portney.com

Tee@portney.com

John@portney.com

WHY CHOOSE PORTNEY MANAGEMENT GROUP?

Our ability to offer the highest levels of specialized expertise in multiple disciplines (wealth management, tax planning, personal privacy/security, bookkeeping, bill-paying and charitable giving) relevant to entertainers and athletes, makes PORTNEY MANAGEMENT GROUP unique to this business.

The significant improvements in efficiency from this alignment of your PORTNEY MANAGEMENT GROUP Business Manager with your PORTNEY MANAGEMENT GROUP “team” of advisors and their ability to proactively maintain your business and meet your goals allows you to enjoy your wealth and to focus on your other top priorities such as, career and family.

PORTNEY MANAGEMENT GROUP SPORTS AND ENTERTAINMENT BUSINESS MANAGEMENT CLIENTS

Actors, Musicians, Comedians and Entertainment Industry Executives, Athletes and Coaches

PORTNEY MANAGEMENT GROUP Business Management offers comprehensive advice to those who require unique, entertainment industry-specific counsel, such as industry guild compliance, tax planning, wealth protection, privacy management, and security. The unpredictable nature of income in the entertainment business can be an occupation-slowing distraction. With strong expertise in planning for the “feast or famine” waves of income and the other unique issues of this industry, your PORTNEY MANAGEMENT GROUP Business Manager will coordinate your team of PORTNEY MANAGEMENT GROUP advisors, streamlining and managing your business and financial matters, so your focus can return to your career personal matters.

PORTNEY MANAGEMENT GROUP Business Management provides objective advice on the specialized issues associated with athletes including players unions, taxation, wealth protection, post-career planning, and privacy management. When appropriate, your PORTNEY MANAGEMENT GROUP Business Manager communicates and coordinates with your agent to ensure that cash-flow needs are met and contract specifics are clear. An athlete’s career is typically short and requires exceptional focus in the “prime” years. Balancing travel, training, practice, promotional appearances, game competition preparation and family demands are challenging enough.

Your PORTNEY MANAGEMENT GROUP Business Manager will proactively handle your business and financial affairs, allowing you the luxury of focusing on your career and the time to enjoy your rare free time.