Fwd: Plane management
Thinking of switching from Jet Aviation to EJM. EJM is more expensive. Do you have a point of view?
Sent from my iPhone
dont you want to see what the depreciation rules are.? it depends on what you intend to do with it/? where do you stand with the renovations and the sale of the 5
GV is in inspection and going well. Not sure what renovations you mean?
On depreciation, we think we cannot use accelerated due to foreign travel preponderance, and obviously can't use bonus because not new. We think we are stuck with straight-line depreciation which will be passive.
Are you saying that Jet vs. EJM could hinge on the type of plane usage? Not sure I follow that.
Ah yes.
new depreciation rules proposed under trump
isnt he changing the cushions? etc and adding internet?
Adding Internet and possibly changing cushions. I recommended we do it with the 4 year inspection in the spring, but haven't heard back from him. I think I talked him out of automating the divans. I agreed with what you said about that.
did anyone provide you with a biz plan that shows the proposal will generat a profit?
On our to-do list, but back of the envelope, we satisfied ourselves that after depreciation, we would show a profit. (In part because Apollo charter payments factor in depreciation.)
can you share?
It won't take long to do. We're just swamped. I'll get something to you when I can.
My biggest fear about taking this job is that there wouldn't be enough to do. You told me that concern was crazy. You were right.
does this mean that under their brilliant structure you will have a profit and pay tax for using your plane??!. call me re other issue please we need to make a decision today