After the occurrence of 9/11 there have been more aircraft purchases and rentals for businesses to use for their executives and employees. Utilizing their own aircraft or renting a chartered aircraft allows for easier and more convenient travel.
At WDC & Associates, LLP, we have clients that are in the business of brokering air charter rentals and sales. We are knowledgeable about the regulatory issues that are involved in Air Charter Travel from leasing a chartered flight to purchasing an aircraft.
There are numerous financial issues with regards to Air Charter Travel that our team is ready to assist you with. We have experience in outsourcing our staff to assist with the daily operations of your Air Charter business. We also can assist with analyzing the purchase of aircraft by your entity versus leasing the aircraft. We do travel profiles that review the average trip length, number of passengers and amount of baggage using historical data.
Tax issues bring even more complexity to your business. Our team will recommend the proper entity type your Charter business should be, while taking into consideration the FAA compliance regulations. We have assisted clients with compliance tax requirements from charging specific flight taxes and licenses to the user of their services to the actual filing of industry specific tax filings. Each state has their own sales and excise tax rules. We have experience with multi-state tax issues from the local tax to the state tax to the federal tax rules that may affect your company.
If you are looking to improve your overall efficiency of your organization or, need industry specific guidance with regards to the Air Charter Travel industry, contact us with any questions that you may have.