Although the global pandemic has recently disrupted business travel, there is no doubt that efficient and flexible air travel is an essential business need. As more entrepreneurs and businesses recognize […]
As we find ourselves in the first quarter of 2021, many private companies and individuals operating general aviation aircraft, or considering adding general aviation aircraft to our business operations, find […]
By: Suzanne Meiners-Levy Understanding the Value of Equipment Expensing and Carryback Net Operating Losses In uncertain times, businesses and individuals often delay large purchases and investments they had long anticipated, […]
By: Letisha D. Bivins State taxes are often overlooked in general aviation. Whether you use your plane for business or just for personal pleasure, there are state taxes that may […]
As we approach the last quarter of 2019, market indicators support the possibility of a very strong year-end in aircraft transactions. If you have not purchased or sold an aircraft […]
The 2017 Tax Cuts and Jobs Act provides a wonderful opportunity for business aircraft purchasers of both new and pre-owned aircraft to take 100% bonus deprecation on the aircraft purchase […]
“T and E and out by three,” is a long-standing adage among IRS agents, reflective of the fact that Congress has elevated the recordkeeping requirements for travel and entertainment expenses, […]