RECENT NEWS

Aircraft Leaseback Can Lower The Cost of Owning A Plane

Posted by Wendy Sheats on April 14, 2016

SOAR HIGHER THAN EVER IN YOUR BUSINESS AND PERSONAL LIFE

For individuals and businesses of all sizes, private airplanes are far more than luxury items and status symbols. They bring sizeable tax advantages, open up new business opportunities, and help professionals get more done during the work week and enjoy more quality personal time. It's not an overstatement to say that a private plane can transform the way you do business.

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Topics: Buying a Plane, Aircraft Ownership, Tax Deductions

Maximize Your Return With Pilot Tax Deductions

Posted by Wendy Sheats on April 12, 2016

When tax day rolls around, people filing taxes start to feel anxious about getting their returns to the IRS on time. They're also concerned that they may have missed some money-saving deductions. As a pilot, you have a number of deductions and pilot tax write-offs that you can claim on your income tax return. Before you e-file or drop your return in the mail, be sure you know about all the programs and deductions you qualify for as a pilot.

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Topics: Pilot Jobs, Aircraft Ownership, Tax Deductions

Small Business Tax Breaks You Keep Missing

Posted by Wendy Sheats on April 7, 2016
HOW MUCH ARE YOU PAYING IN SMALL BUSINESS TAXES?
 
As a business owner, you may be missing some critical tax breaks that would lower your quarterly payments significantly. It's difficult to keep up with the latest changes in the U.S. tax code, even when you have an accountant on hand to shoulder some of the burden for your tax planning . When you're ready to file, take a second look at your tax forms to see if you covered these four small business deductions.
 

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Topics: Small Business Success, Tax Deductions

Buy a Plane for Major Tax Deductions: Section 179 & Bonus Depreciation

Posted by Linda Rosenberg on March 31, 2016

TAX INCENTIVES AND FLYING PRIVATE FOR FREE

The cost of buying an airplane may be much lower than you think, opening up the possibility of aircraft ownership to many who not only appreciate the benefits of private aviation, but also to those seeking to maximize tax deductions. New tax laws also enable would-be owners to buy more airplane than they may have originally budgeted.

A tax package signed by Congress in December 2015 establishes sizeable tax benefits for those in the market to buy a plane. These tax incentives fall into two categories, which also domino into further reductions in tax liability.

  • Section 179 Expensing Election
  • Bonus Depreciation

To learn about these sizeable tax benefits, creative ways to minimize the expenses associated with aircraft ownership, and how you can fly private for free, download this white paper.

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Topics: Platinum Aircraft Owners Club, Buying a Plane, Flight Benefits, Aircraft Ownership, Tax Deductions