The end of the year is often a stressful time for many business aircraft operators that are grappling with tax issues, particularly if they’ve purchased an airplane hoping to take advantage of higher bonus depreciation rates. Therefore, aviation managers shouldn’t wait until the final weeks of the year to develop their tax strategy. “Don’t just make a plan and put it on the shelf,” cautions NBAA Tax Committee Chair Ryan DeMoor. “Make a plan and then continue to review the plan as time goes on. Make sure you are hitting targets. Make sure that if the plan needs to change, you’re changing that plan.”
In this episode of NBAA’s “Flight Plan,” host Rob Finfrock speaks with:
David Hernandez, head of the Business Aviation and Regulation Practice Group at Vedder Price and past chair of the NBAA Tax Committee
Ryan DeMoor, CAM, head of aviation tax at MySky and current NBAA Tax Committee chair
Although business aviation is not a cause of aviation system delays, weather and other factors can pose unexpected travel challenges. If business aviation is in your planning this holiday season, it's best to prepare for potential delays.
Attracting the next generation of business aviation professionals is a top priority throughout the industry, and local and regional groups are often the first point-of-contact for students and young people seeking information about the industry and its potential opportunities.
In the second part of our conversation about mental wellness, experts offer advice on what pilots should do when disclosing a condition such as depression or anxiety to their AME and how to ensure their case is addressed in a timely manner.