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So how might a business person benefit from these new changes? First of all,
impact of these depreciation changes greatly reduce net cash investment for
purchase of a new airplane. Specifically, an operator in
40% tax bracket who can successfully write off his aircraft ownership expense may have no cash investment in
airplane during
first four years. Additionally, when properly structured, many taxpayers have an opportunity to convert personal use into business use. The Internal revenue code provides an optional method of taxing an individual for personal use of an aircraft which many times amounts to less than 10% of
actual deductions flowing from
investment. Consult your tax professional prior to purchasing your new airplane or ask your Aircraft Dealer for
name of an Aviation Tax Specialist to set up your purchasing entity.
And you say you’re not a pilot? Local aircraft dealers like Suburban Aviation, Inc. in Lambertville, Michigan will actually teach you to fly your new airplane and even reimburse your expenses when you purchase a new Cessna airplane from them. Most of today’s pilots learned to fly in a Cessna airplane and
majority of these pilots continue to experience
freedom and flexibility that flight offers in one of Cessna’s many single engine models. For 75 years, Cessna has been
leader in general aviation aircraft providing a safe and reliable alternative to commercial airlines and
automobile.
So if your business can benefit from improved efficiency and tax savings, why not consider a company airplane? There are few tax saving opportunities as effective as fully depreciating an aircraft on a five year accelerated basis, and with today’s interest rate environment, a well-structured transaction often results in little or no after tax cash flow holding costs during
early years of ownership. Of course, arriving at your meeting on time and with all your luggage can also be pretty convincing!

Pat Redmond, helps business owners who are tired of long lines and baggage claims, fly their way to freedom! Enjoy dinner with your family tonight! To learn more about the General Aviation Business, sign up for more FREE tips like these, visit her site at http://www.airplanenoise.com