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October 26, 2016

Flight Tax Systems (FTS) Makes Significant Advancements Throughout 2016

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Flight Tax Systems (FTS) Makes Significant Advancements Throughout 2016


Fort Lauderdale, FL (October 26, 2016) – Flight Tax Systems, LLC has made significant advancements to its aviation tax software, FTS, throughout 2016. Designed by aviation tax professionals, the software simplifies tax reporting for companies who own or operate business aircraft.


Among its most notable advancements includes the ability to import data from some of the industry’s leading scheduling software programs. This transfer of data provides a unique and extraordinary value-add for users, enabling them to improve efficiency and productivity while simultaneously managing flight data and tax-related activities of their aircraft. FTS has implemented this data exchange of information with scheduling companies such as AVMOSYS, FOS and SchedAero, and is in the process of formalizing partnership agreements with more industry leading scheduling companies.


The software’s site license capabilities were also expanded. Now companies such as CPA firms and management companies can easily track and report on flight activities for multiple clients with aircraft within one site license subscription.


The company also introduced a new user interface which provides many benefits to its users. In addition to a new, more modern look and modified navigation, the new user interface provides user-friendly and intuitive screens and allows for swifter processing of data. Additional enhancements include a new ability to export reports to Microsoft Excel, as well as additional reporting capabilities.


Wolcott & Associates is a platinum level sponsor for the upcoming NBAA Tax, Regulatory and Risk Management Conference and will be exhibiting at the NBAA Business Aviation Convention November 1 – 3 in Orlando, Florida (booth # 4784).