Aviation Accounting & Tax Services
Purchase and ownership of an aircraft requires proactive planning and discipline. Before you acquire a plane for your business, it pays to consult an expert on important accounting and tax considerations. From sales tax to federal excise tax, careful planning and structuring before closing may eliminate or defer tax due on the ownership or operation of the aircraft. If you own or manage an aviation operation, you know how many complicated tax and accounting issues are involved. Your accountant may not provide aviation tax services for businesses or have the background and knowledge required to make the best decisions.
The Messina & Associates Aviation Accounting team has decades-long experience with aircraft ownership and aviation operations management. This experience gives us a keen understanding of the issues and nuances of state and federal tax planning for aviation ownership and management.
Aircraft and aviation operations services we provide include:
- Pre- and post-acquisition federal and state tax planning designed to minimize tax exposure and maximize tax benefits
- Accounting and tax preparation for aircraft owners and aviation operators
- Creation of FAA and IRS compliant ownership and operating structures
- FAA transaction recording requirements advice
- IRS and state tax audit presentation
Tax Services for Businesses
At Messina & Associates, our tax services for businesses help your company retain profits by minimizing your tax liability. Our experience includes an in-depth understanding of tax rules affecting all kinds of business entities, from not-for-profit organizations to Limited Liability Companies (LLC/LLP). We also have experience with a breadth of industries, from local sales offices to national manufacturers.
Our tax professionals work with complicated business tax issues on a day-to-day basis. Then, they supplement the knowledge they gain through this experience by continuously attending professional education programs focused on tax services for business.
Clients in all types of businesses have peace of mind because of the confidence they have in the tax services for businesses Messina & Associates provide.
Entities we serve include:
- Sole proprietorships
- Partnerships
- Limited Liability Companies
- Corporations
- Not-for-profit organizations
Accounting and Financial Services for Business
Our experienced team of accountants provides efficient, thorough accounting and financial services for all kinds of businesses. We assist our clients in the preparation of their business financial statements and meet with them to explain the financial condition of the business and the results of operation. We also help our clients meet contractual obligations, such as loan covenants, by preparing required financial reports. Also, many of our clients use us as an outsourced controller to save on the expense of having a full-time employee in that capacity.
Services we provide include:
- Financial statement preparation
- Business controllership
- Certified QuickBooks set-up and training
- Business review
Business Consulting Services
We believe the most hated word in the business financial world is “surprise.” Building and maintaining growth and profit doesn’t happen by surprise, it happens with a solid and carefully-built plan. At Messina & Associates, we use our extensive business and financial experience to help clients build those plans.
Messina & Associates has developed long-term relationships with clients through their expert consulting services. Our professionals are often called upon to act as an “outsourced CFO.” They create financial models, provide forecasting and assist with critical business decisions that can make or break a company.
These services include:
- Budget development and monitoring
- Cash flow analysis and projections
- Mergers & acquisitions analysis and consultation
- Succession planning
Audit Representation Services
No accounting firm can guarantee protection from audits. Each year we spend more hours in Continuing Professional Education than we’re required to spend. Because of this, we are able to provide our clients with the latest tax strategies that save them taxes and to help them avoid audit exposure.
In the unfortunate event of an audit, Messina & Associates can represent you. You won’t need to deal with auditors. We will, because that’s our job.
We represent clients at the following:
- Internal Revenue Service audit
- State Income Tax audit
- State Sales Tax audit
Our Services
- Accounting & Bookkeeping
- Aviation Tax Planning
- Controllership
- QuickBooks
- Tax Planning & Preparation – Income, Excise, Payroll, Sales
- IRS & State Tax Audit Representation
- Income Tax Planning & Preparation
- Estate tax Planning & Preparation
- Gift Tax Planning & Preparation
- Trust Tax Planning & Preparation
- IRS & State Tax Audit Representation