Author: Daniel Cheung

The Common Business Travel ChallengePicture this: You leave home on a Sunday afternoon, drive over an hour to a major airport, and arrive two hours early for your commercial flight. After a layover and a connecting flight, you finally reach your destination late Sunday evening, exhausted, for a two-hour business meeting on Monday at 11:00…

Purchasing a business aircraft in 2025 can generate tremendous income tax savings. Congress recently passed legislation known informally as the “One Big Beautiful Bill” restoring full 100% bonus depreciation retroactive to January 20, 2025, as part of a broader tax reform agenda. Bonus depreciation is available to taxpayers meeting the requirements outlined in the Internal…

The President will sign the big beautiful tax bill on July 4th. 100% bonus depreciation is made permanent and retroactive for aircraft acquisitions on or after January 20, 2025. This is a permanent change to the tax code and there is no sunset or reduction of bonus depreciation in future years. There is another tax…

The most frequently asked questions lately revolve around the return of 100% bonus depreciation and “timing” the purchase of a business aircraft based on pending tax legislations. For companies that utilize a corporate aircraft for business travels in order to improve productivity and provide better work life balance for key employees – I believe delaying…

Place Order by December 31, 2024 Bonus depreciation is scheduled to phase down to forty percent on January 1, 2025. However, if certain conditions are met, the tax code allows 60% bonus depreciation to be taken on 2025 aircraft deliveries. With income tax rates expected to increase, you should consider placing an aircraft order by…

With 100% or 80% bonus depreciation in effect since 2017, mid-quarter convention has not been a relevant topic for tax planning discussions.  With bonus depreciation for 2024 acquisition at 60%, it’s a good time to revisit this tax provision that can result in a loss of income tax deductions in 2024. Modified Accelerated Cost Recovery System…