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The Pilot Money GuysAuthor: Leading Edge Financial Planning
The Pilot Money Guys are a group of financial planners with a passion for bringing together financial planning and the commercial airline industry. Brought to you by a team of financial planners with backgrounds flying for major US airlines and military service. If you have questions about personal finance with an interest in news and interesting stories from the airlines, then we hope you will give us a listen. https://www.leadingedgeplanning.com Language: en Genres: Aviation, Business, Investing, Leisure Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Flight #80: Should You Purchase an Airplane?
Episode 80
Friday, 10 May, 2024
Have you ever considered buying a plane? In this episode, we dive into the complexities of such a decision and why it can't just be about saving on taxes. Contrary to popular belief, setting up an LLC or another corporation may not provide the tax benefits you expect. We explore the criteria for tax deductions and why expenses must be reasonable and directly related to business purposes. Additionally, we discuss the importance of evaluating your plans for using the plane, frequency of use, and geographical considerations to determine if buying is the best option. You can find show notes, resources and more at: https://tinyurl.com/mvwvnczs
