Frequently Asked Questions

With offices in Naples, Florida how do you serve clients throughout the country?

Upon initial receipt of your engagement letter, you are contacted by a member of the client service team. This telephone meeting begins the exploratory phase of the engagement in which we determine how you intend to use the aircraft from an operational and financial perspective. It is typically followed up with a review of your present and proposed tax situation either directly or with your accountant. Your client service team then takes responsibility for organizing appropriate entities, drafting of appropriate contractual and other necessary business agreements. Typically documents are transmitted both electronically and through the US Mail. The client service team is responsible for maintaining contact with our clients throughout the year, keeping them apprised of the documentation requirements, assistance with business plans, mid-year reviews and the like. The practice is national, with more clients located in California than any other state.

How do you work with our existing attorneys and CPAs?

An effective aviation tax plan must be integrated with the rest of a client’s business planning in order to be effective. Because our practice is restricted to the area of aviation, working with core professionals is essential. All of our planning and documentation is available for review by these core professionals and through teamwork we can provide benefits of specialized knowledge appropriate and helpful to your other business needs.

Why do you insist upon a three (3) year service agreement, why can’t I just buy a few hours of your time?

The key to successful aviation tax planning follows not only the creation of a well designed plan, but also its implementation and modification where appropriate to changing business needs as well as regulatory and tax requirements. Federal Aviation Regulations require periodic filing of documents; taxing authorities require continuous compliance issues; operations outside the scope of insurance coverage could have devastating consequences.

What happens after the three year service agreement period?

After the three year period, you will have all the tools that we have used in the design and implementation of your aircraft planning program. You may choose to take responsibility for continued compliance on your own or choose to renew your agreement. Generally, clients renew due to the inherent complexity of aircraft operations.

What happens if I sell my airplane and get out of aviation during the three year period?

Our agreement automatically terminates at the close of the year following the sale of the aircraft. We will assist you in final tax returns and help you “button up” your aircraft operations.

What happens if I trade airplanes during the three year period?

You will enter into a new three year agreement, but will be given credit of the unexpired portion of the agreement on your current aircraft.

Check out our Engagement Letters