Dallas Aircraft Sales
Tax Advantage Alert! Click these links:
- Bonus Depreciation Rules -- Section 179 -- $250,000 Write-Off???
- Net Operating Loss Carryback to 2004???
The economic recovery and stimulus plan of 2009 may enable you to realize huge tax benefits from your aircraft purchase in the very first year! Call us for more details.
Aircraft Tax Break Signed Into Law
The "bonus depreciation" extension that aircraft manufacturers had lobbied for is now law. President Barack Obama signed the Small Business Jobs Act, which contains the provision, on Monday. "As the one tax provision we asked Congress to pass to help offset the decline in sales due to the recession, we are optimistic that the small-business law will help to re-energize America's general-aviation production lines and bring back lost jobs," said Pete Bunce, President of the General Aviation Manufacturers Association. The law is effective and applies to businesses' tax returns for 2010, according to the White House. The bonus depreciation item enables businesses to accelerate the rate at which they deduct capital expenditures. Aircraft purchased before the end of 2010 must be placed into service by the end of 2011 to use the bonus-depreciation option. The tax break has proved effective in boosting sales, according to GAMA. One GA manufacturer said the provision helped close 55 percent of its aircraft sales last year. Ed Bolen, CEO of the National Business Aviation Association, also thanked President Obama for signing the bill. "Now that the president has signed the measure into law, companies will be able to take advantage of the provision right away, giving them access the benefits of business aviation," he said.
The Business Jet as a Tool
Recently a pilot friend of mine described a trip he flew for some clients in their Learjet. The plane left Dallas Addison at 7:00 a.m. with four passengers and landed in Memphis around 8:00 a.m. The clients had a very successful meeting where they negotiated the purchase of a very desirable property at a highly favorable price. At 11:00 a.m. they boarded the Lear and flew on to Birmingham, where they had two more very successful meetings. They returned to the plane by 5:00 p.m. One of the travelers stayed in Birmingham, but two new passengers made the trip back to Dallas. By 7:00 p.m. the plane was back in the hangar and all the executives were home enjoying dinner with their families! The clients made a tidy profit for their company, no one had to hassle with parking or lines or security, changes and one-ways were not a problem, secondary destinations didn't require a dogleg to a hub somewhere, and everyone arrived home rested and satisfied.
Business Jet Traveler 2014 Aircraft Buyers Guide
Using Your Aircraft for "Guerilla Marketing."
Another friend tells of acquiring his first airplane. He had a growing software company, building a client base in the apartment management business all over the country. Until he purchased his aircraft he had tried to minimize costs by conducting as much business as possible over the phone. But from the time he purchased his plane, he made it a point to show up front and center at the client's location to make the sales pitch, help with installations, deal with support or training issues, etc. His clients were dazzled that the President of the Company would show up and lend his personal attention to assuring their satisfaction. His company's sales skyrocketed. He attributes the "hockey-stick" up-spurt in sales directly to his ability to get all needed members of his team--sales personnel, trainers, support technicians, etc.--to his clients' locations on short notice, totally blowing away his competition.
If travel requirements and geographical limits are stifling your company's growth, let's discuss how we can help you acquire all or part of a business aircraft suited to your travel requirements!
-- Carl Neuzil