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Industry News

02/08/21 - 02/08/21

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NBAA Seeks Clarity on IRS Rules for Commuting Deductions

NBAA is seeking clarification from the IRS on final regulations implementing provisions in the Tax Cuts and Jobs...

01/25/21 - 01/25/21

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What the New IRS FET Rule Means for Business Aviation

Listen in to today's episode of NBAA's ldquo;Flight Plan, rdquo; where host Rob Finfrock speaks with John Hoover...

01/13/21 - 01/15/21

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Victory for Business Aviation in Final IRS Rules for Management Companies

NBAA | Contact: Dan Hubbard, 202-783-9360, dhubbard@nbaa.org Building on the National Business Aviation Association's...

11/04/20 - 11/06/20

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Multi-Platinum Entertainer, Pilot Dierks Bentley to Connect Industry in VBACE Keynote

Multi-Platinum Entertainer, Pilot Dierks Bentley to Connect Industry in VBACE Keynote Contact: Dan Hubbard, 202-783-9360,...

09/15/20 - 09/17/20

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Reduced Business Travel Due to COVID-19 May Result in Depreciation Recapture

Click here to check out NBAA's recent article on Depreciation Recapture due to COVID-19 reduced business travel....

09/01/20 - 10/08/20

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Wolcott & Associates, P.A. Transitions to Aviation CPAs

Wolcott Associates, P.A. is excited to announce that it is now doing business as Aviation CPAs Fort Lauderdale,...

08/27/20 - 08/27/20

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NBAA Humanitarian Emergency Response Operator

NBAA continues to follow the track the path of Hurricane Laura, which is lashing Louisiana and Texas with storm...

08/04/20 - 08/04/20

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More Dollars than Sense ... Aviation Taxes Explained

What's the most overlooked area when buying an airplane? Tax Planning! Listen to Sue Folkringa's interviewon...

05/25/20 - 05/25/20

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Aircraft Operational Considerations With the Coronavirus

On Jan. 30, 2020, the World Health Organization (WHO) declared that the outbreak of Coronavirus Disease 2019 (COVID-19)...

05/18/20 - 05/18/20

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How the CARES Act Federal Excise Tax Suspension Applies to Business Aviation

Since the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, NBAA has worked closely...

05/18/20 - 05/18/20

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COVID-19 Risk Mitigation for Business Aircraft Operations

Even as some U.S. states begin loosening shelter-at-home restrictions, the threat posed by the novel coronavirus...

05/15/20 - 05/15/20

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Legislative & Governmental Affairs Update – May 2020

Florida Aviation Business Association May Update: Governor Ron DeSantis has continued to ask the Legislatureto...

05/11/20 - 05/11/20

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Key Provisions for General Aviation Businesses in the CARES Act

NBAA provides members with an introduction introduction to certain programs in the CARES Act. Click here forfull...

04/02/20 - 04/02/20

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NBAA - Tax Issues

In-depth information about state and federal aviation tax issues including depreciation, featuring the NBAA Federal...

03/30/20 - 03/30/20

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International Tax Resources

In collaboration with its Tax Committee, NBAA has produced a variety of resources addressing international tax...

03/15/20 - 03/15/20

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FABA March 2020 Legislative News

Sales Tax Exemption on Aircraft Sales FABA is encouraging the Florida legislature to follow the lead of other...

10/20/19 - 10/20/19

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NBAA-BACE Tax Conference Examines Balancing Act Between IRS, FAA Obligations

More than 300 attendees filled the NBAA Tax, Regulatory Risk Management Conference, held prior the opening of...

06/18/19 - 06/18/19

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Regulatory Hot Topics: How Do Tax-Reform Provisions Affect Business Aviation?

Although proposed rules on bonus depreciation have been issued, the Treasury Department and IRS continue to work...

06/05/19 - 06/05/19

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Hurricane Season Preparedness and Best Practices

As hurricane season begins, now is the time for business aircraft operators to ensure that they have a plan to...

04/29/19 - 04/29/19

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FL Sales Tax Update: Message from Florida Aviation Business Association President

Greetings all. As an update, we are pleased to report that the aircraft lien law revision bill has passed the...

04/08/19 - 04/08/19

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Manufacturers Embraer, Piper Voice Support for Pending Florida Tax Reform

Florida-based manufacturers Embraer and Piper recently voiced their support of pending sales-and-use tax reform....

03/26/19 - 03/26/19

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NBAA Tax Seminar Program Announced

Join us at the 2019 NBAA Business Aviation Taxes Seminar hosted in beautiful Marina del Rey, CA. This year's agenda...

02/25/19 - 02/25/19

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Podcast: NBAA Offers Guidance on Tax Reform Provisions

Passed into law in December 2017, the Tax Cuts and Jobs Act has implications for business aircraft owners andoperators,...

02/21/19 - 02/21/19

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Florida Legislature Considering Aircraft Sales Tax Reduction

Florida state legislators are currently considering Senate Bill 580, which would reduce the sales-and-use taxrate...

12/20/18 - 12/20/18

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Tax Consequences of a 2018 Year-End Aircraft Purchase

This NBAA Tax Committee resource provides an overview of how the mid-quarter convention affects bonus depreciation...

11/29/18 - 11/29/18

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Airplane Intel Podcast

Be sure to check out Sue Folkringa's recent podcast with Airplane Intel Podcast as they discuss tax-related matters...

04/23/18

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Tax Reform Highlights for Business Aviation

A review of Tax Reform Highlights for Business Aviation published by NBAA Tax Committee, click here for articl...

02/09/18

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New Depreciation Rules Under the 2017 Tax Act

NBAA has recently published an article discussing the changes to the rules for depreciating aircraft for tax purposes...

12/22/17 - 12/22/17

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Year-End Tax Planning Opportunities

Congress passed the tax reform bill that now awaits the President's signature. We would like to share highlights...

10/13/17

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Sue Folkringa Has Been Appointed To NBAA’s Tax Committee

Wolcott Associates, P.A. is proud to announce that Sue Folkringa, a CPA with the firm, was officially appointed...

08/16/17

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Flight Tax Systems Offers A New Landings Report

We are pleased to announce that we have added two new report options to our Flight Tax Systems reports library....

07/15/17

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Flight Tax Systems Offers New Features

We are pleased to announce the release of Flight Tax System's new Resource Center. The Resource Center can befound...

06/30/17

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Flight Tax Systems (FTS) Expands Product Offerings to Include Site License Versions

Flight Tax Systems, LLC has expanded its product offerings to include private branded site license versions for...

06/23/17

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NBAA Urges Opposition to H.R. 2997

An important letter from NBAA President and CEO, Ed Bolen, regarding H.R. 2997 To Privatize ATC. Dear NBAA Member,...

11/11/16

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Sue Folkringa Has Been Appointed To NBAA’s Tax Committee Planning Group

Sue Folkringa of Wolcott Associates, P.A., has officially been invited to join National Business Aviation Association's...

10/26/16

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Flight Tax Systems (FTS) Makes Significant Advancements Throughout 2016

Flight Tax Systems (FTS) Makes Significant Advancements Throughout 2016 Fort Lauderdale, FL (October 26, 2016)...

10/14/16

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NBAA Event To Delve Into Bizcraft Ownership, Ops Setups

NBAA Event To Delve Into Bizcraft Ownership, Ops Setups NBAA's Tax, Regulatory and Risk Management Conference...

06/23/16

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Sue Folkringa Has Been Appointed To FABA Board of Directors

Fort Lauderdale, FL (June 23, 2016) Wolcott Associates, P.A. is proud to announce that Sue Folkringa, a CPAwith...

05/10/16

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The Deduction Not Taken

Don't miss out on valuable business tax write-offs We often hear the following statement from business owners...

03/22/16

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NBAA Supports Extension to FAA Programs Through July 2016

NBAA Supports Extension to FAA Programs Through July 2016 Washington, DC, March 21, 2016 shy; ndash; The National...

01/19/16

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Flight Tax Systems and AVMOSYS Flight Scheduling Software Announce New Data Exchange Capabilities

Flight Tax Systems and ARGUS International, Inc. are pleased to announce the integration of Flight Tax System's...

11/11/15

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Wolcott & Associates, P.A. Increases Tax Services Capabilities

Wolcott Associates, P.A. has expanded their full service accounting and tax services offerings through the implementation...

10/16/15

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Airplane Taxes in a Nutshell

Sue Folkringa, CPA, MTax, ATP, AND our resident 'Aviation Taxologist', explains Aviation Taxes in a Nutshell,featured...

10/08/15

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Tropic Ocean Airways Supports Relief Efforts for the Out Islands of the Bahamas

Hurricane Joaquin recently devasted much of the Bahamas, as many of you know. Local owned and operated company,...

09/22/15

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Aviation Tax Software Makes Flight Tracking Easy

Wolcott Associates, P.A.'s proprietary aviation tax software, Flight Tax Systems, has made recent feature enhancements...