AVIATION TAX PLANNING - How does Advocate Consulting Legal Group, PLLC integrate with my current accounting / legal team that knows my business? Aircraft operation planning is unique because it requires the integrating of Federal Aviation Regulations, Department of Transportation Regulations, … [Read More...]
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Aircraft Income Tax
If you use your aircraft for business you may be entitled to income tax deductions. The tax savings available depend on the nature of business use and the ownership structure. With this in mind, our main goal is to provide aviation “TLC”. By providing Tax, Legal, and Compliance services in a single … Continue Reading…
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Aircraft State & Local Tax
Aircraft purchasers can easily avoid sales tax by closing their sale in the proper jurisdiction. However use tax will generally be imposed where the aircraft is based absent proper planning. There may be multiple state and local use and property taxes imposed on aircraft that travel outside their … Continue Reading…
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Aircraft Operations & Law
Aircraft operators can control liability exposure through ownership structures, contractual agreements, insurance, and insuring compliance with FAA regulations. How you plan for liability protection will often provide protection for key corporate and personal assets. … Continue Reading…
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Aircraft Solutions
Designing and implementing tax efficient aircraft acquisition and operational programs. Objectives - Maximize Income Tax Savings and Minimize Sales Use Tax Expense. … Continue Reading…
Our Services – FAQ
Can you define Personal Aircraft Use briefly? The personal-use rules have change dramatically in recent years. Legislation passed in 2004 create a distinction between two varieties of personal use: personal entertainment (PE) and personal non-entertainment (PNE). Personal entertainment … [Read More...]
Upcoming Events
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TBMOPA Annual Convention 2019
September 25 - September 29 -
Citation Jet Pilots (CJP) Annual Convention 2019
September 4 - September 8 -
EAA AirVenture Oshkosh 2019
July 22 - July 28
Advocate Shareholder quoted as Aviation Tax Expert by the Wall Street Journal
Title: Tax Change Helps Executives Afford Pricier Planes Author: Rachel Feintzeig - Sept. 12, 2018 Source: Wall Street Journal The recent changes to the tax code are giving business executives a new perk: the opportunity to deduct the entirety of a corporate-jet purchase. President … [Read More...]
A New Era in Business Aviation: Highlights from the Tax Cuts and Jobs Act
After years of debate, tax reform has arrived. The late-year 2017 passage and signing of the Tax Cuts and Jobs Act (TCJA) has reshaped the business and individual tax landscape. The TCJA provides excellent tax opportunities for businesses of all sizes to invest in general aviation aircraft, but … [Read More...]