28 01, 2019

ALERT: Proposed AD for all Piper PA-28 Series aircraft and the PA-32 (AD 2018-CE-049-AD)

By |2019-01-28T15:33:47+00:00January 28th, 2019|Educational|

Proposed AD for all Piper PA-28 Series aircraft and the PA-32 (AD 2018-CE-049-AD) which either: 1. Has accumulated 5,000 or more hours; 2. Has had either main wing spar replaced with a serviceable part (used with time already on the part); or 3. Has missing and/or incomplete maintenance records. The FAA estimates that this AD will affect 19,696 aircraft on the U.S. Register. VREF and our Partner AOPA has spent significant time researching this AD. This AD is [...]

18 01, 2019

Airplane Buyers Guide: Top 20 Tips For Beginners

By |2019-01-18T13:12:40+00:00January 18th, 2019|Educational|

Airplane Buyers Guide: Top 20 Tips For Beginners In this airplane buyers guide, you will learn the top 20 tips that you need to know before you purchase your first plane. Buying an airplane for the first time? Not a lot of people can say that, so congratulations. Before you get the keys and take off, you're going to need to make sure you know what to look for. Many of the pitfalls of buying an airplane can [...]

14 01, 2019

Three of the Best Private Jets with Insane Resale Value (and Two Lemons to Avoid)

By |2019-01-14T19:42:55+00:00January 14th, 2019|Educational|

Three of the Best Private Jets According to Resale Value Resale value matters whether you're buying or looking at aftermarket refurbs. Here are three of the best private jets that perform on the resale market. In the year 2017, 62 percent of private jet planes departed from the United States were privately owned. That's versus the 11 percent that were fractionally owned, and the 27 percent that were charter flights. Needless to say, private jets are a big deal. [...]

14 01, 2019

A Brief Guide to Aircraft Depreciation

By |2019-01-14T19:41:26+00:00January 14th, 2019|Uncategorized|

A Brief Guide to Aircraft Depreciation Don't miss out on tax deductions from depreciation. Get on your way to understanding aircraft depreciation and its tax implications. To deduct, or not to deduct? That is the $1 million question, isn't it? As an aircraft owner, you want to take full advantage of any tax breaks you can find. And this means you need to understand depreciation and how it works for an aircraft. Depreciation allows business owners to deduct the [...]

14 01, 2019

Income, Sales, and Personal Property: An Introduction to Income Taxes for Pilots

By |2019-01-14T19:39:43+00:00January 14th, 2019|Uncategorized|

All the Income Taxes Pilots Must Pay to the IRS Thought your taxes were complicated before? Light aircraft ownership tangles them further. Here are three things you need to know as a pilot. Paying income taxes is like sitting in a traffic jam: We all have to do it occasionally, even if we don't quite understand why. In one survey, 57 percent of Americans confessed to feeling confused about the tax code. A few things can make it [...]

14 01, 2019

5 of Our Favorite Aviation Stories from 2018

By |2019-01-14T19:38:04+00:00January 14th, 2019|Educational|

Review the Year of 2018 with These Aviation Stories Last year was a whirlwind and a game-changer for the aviation industry. Here's a round up of our favorite stories from last year. Now that we've crash-landed into 2019 we can reflect on the year that's come and gone. The aviation industry is a constantly evolving entity, moving in waves with the ever-increasing need for people to travel to every inch of the world. No stone is uncovered. 2018 [...]

14 01, 2019

No Employee Business Expenses for Individual Owners: What Light Jet Owners Need to Know

By |2019-01-14T19:26:09+00:00January 14th, 2019|Uncategorized|

Individuals Owning a Light Jet May See Their Tax Returns Change Do you try to use employee business expenses to offset costs? Not anymore. Here's what you need to know about writing off expenses as a light jet owner. Purchasing a light jet isn't as simple as signing on the dotted line and taking to the skies. You must consider how you intend to use the jet and what that will imply for your taxes. Ultra-high net worth [...]

14 01, 2019

How Long Can You Use the 100 Percent Private Jet Tax Break?

By |2019-01-14T19:03:48+00:00January 14th, 2019|Educational|

You Have Until 2023 to Use the 100 Percent Private Jet Tax Break Aircraft purchased after September 27, 2017 and before 2023 enjoy 100 percent expensing. We share all the essential details here. In the U.S., the private charter flight market is heating up. Younger clients are more attracted to the sharing economy. They're willing to pay for memberships, subscriptions, and fractional ownership to off-set some of the costs of owning a jet. Nonetheless, 62% of private jet [...]

14 01, 2019

Is an Electric Jet on the Horizon? Industry Innovators Say Absolutely

By |2019-01-14T16:21:11+00:00January 14th, 2019|Educational|

Would You Buy an Electric Jet? You May Soon Have the Option An electric jet traveled around the world in 2016, but will the market adopt them? Here's how the market changed in 2018. Ever since Heino Brditschka flew for nine glorious minutes in his Militky MB-E1 electric battery powered plane, there have been high hopes for an electric jet. Well, 45 years have passed and it seems like just another fun aviation fact. But finally, it seems that one [...]