One of the most popular aspects of the business world is traveling. People come and go every day for all sorts of reasons and all sorts of places around the world. While most air travelers often do with the bulk of them travel with commercial airlines, there are many large corporations have on the private jet of their own company. In addition, there are a number of extremely wealthy individuals owning private jets and use them as part of their business efforts. There are many advantages to owning a corporate jet, including a number of taxes that you may not be aware of.IT'S ALL ABOUT TIMEHowever, first, the practical benefits of owning a corporate jet? The main advantage is that you save time. In the business world, time is extremely valuable, or in other words, time is money. When you travel in a private jet, you do not need to spend almost as much time on the ground on either end of your trip. You also have a lot to choose from when you fly a Jet business, so you will not have to face traffic jams as much, either. You can skip the long lines in rooms as well as the TSA so that big bunch of saving time. You can also fly exactly when you'd rather be bound to schedule the airlines ' and airports. You will have the ability to fly without layovers direct or connecting flight, one of the two. There is no question that you can save a lot of time by private aircraft. You don't need to struggle with other passengers for space, is also a big plus.BIG TAX SAVINGS AVAILABLESo, besides the obvious advantages of saving time and enjoy a relaxing trip and much more comfortable, there's some great tax savings available to the company that owns the company Jet. Of course, the purchase of a private Jet can be expensive. Enter the models usually start from $ 4 to 8 million us dollars, while the more expensive ones may even reach hundreds of millions of dollars. However, thanks to IRS depreciation policy the high-flying shuttle buses actually pay for themselves in just a few years time. Because the IRS assumes an investment the company has only a limited number of years of active life, a business could really offset the cost of buying the entire property of the years before it really run out of values. The company may write off 70 percent of the cost of a private jet in the first three years of service and the IRS has determined that the company Jet to have a useful lifespan of five years.DON'T FORGET THE BONUS DEPRECIATIONThese days, the depreciation bonus also exist, help more businesses. This first deposit bonus is added to help stimulate the economy after a recession in 2000. Currently, it hastens the depreciation rate of 50 percent. While many in Washington want to exclude depreciation write-offs, lawmakers continue to renew them, including last year when they were extended through 2019. However, the percentage of prize money will drop from 50 percent to 40 percent in 2018 and to 30 percent in 2019.
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