AircraftLogs Sponsors National Aviation Tax Class for Corporate Jets: Recommends Companies Using Business Jets Send Attendees from Tax or Accounting Staff to NBAA

Columbus, Ohio (PRWEB) August 25, 2011

AircraftLogs has become the Platinum Sponsor of the National Business Aviation Association's annual Tax Class held in Las Vegas, October 13 – 14. Officially titled “NBAA Tax, Regulatory and Risk Management Conference," the course offers 2 days of intensive training for aviation, accounting and tax professionals from companies who operate corporate jets.

The use of business jets by corporate entities triggers several specialized accounting and tax reporting requirements in larger companies. Often, corporate finance personnel are unaware of these requirements.

“We recommend all of our corporate software customers attend the NBAA Tax Class - and its critical for Fortune 1000 companies” said Doug Stewart, president of AircraftLogs. “They get more value from our software after attending this class. We’ve been sending our own personnel for 5 years.”

Held during the NBAA Annual Convention, the class offers an in-depth understanding of the corporate reporting and regulatory issues regarding the use of business jets:

   •  Aircraft ownership structures
   •  IRS tax requirements for fringe benefit income (SIFL)
   •  IRS aircraft expense disallowance calculations
   •  Excise taxes
   •  Accounting for time-sharing agreements and dry leases
   •  SEC disclosure rules for other compensation and incremental cost
   •  Depreciation and other aviation accounting topics

AircraftLogs provides " Aviation Tax Simplified " a short whitepaper highlighting key areas.

The class provides CPE and CLE credits for CPA’s and attorneys, and provides an excellent setting for professionals to exchange knowledge and best practices. It is taught by members of the NBAA Tax Committee -- national experts in aviation tax, law, and regulatory issues. Attendees comprise Fortune 1000 companies, charter operators, and private companies operating business aircraft.

Learn More: Companies that have an interest in these topics are also invited to learn more about AircraftLogs. Its corporate reporting solutions automate IRS and SEC calculations and perform the internal accounting related to the topics above. It also provides integrated scheduling and logbook software. For more information, call 888-359-5647 or visit the Compliance section of the AircraftLogs website and download its compliance brochure.

About AircraftLogs: AircraftLogs provides web-based aviation data management systems for corporate and private business aircraft. Based at Port Columbus International Airport, its software is available on a SaaS basis (Software-as-a-Service). Additional details are available by visiting http://www.AircraftLogs.com.

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