Heartland Aviation Consulting Group, LLC is committed to providing specialized aviation consulting services

Below is a list of services that Heartland Aviation Consulting Group, LLC provides, and are experts :

  • Aircraft purchase agreements
  • Entity structure and planning
  • Aircraft lease agreements
  • Aircraft share ownership strategies
  • Management and Charter agreements
  • Depreciation
  • Expense deductibility
  • Personal Use of Business aircraft
  • Liability/Insurance issues
  • State sales and use tax strategies
  • Defending IRS audits
  • FAA compliance

Once your closing takes place, the program is not finished it actually is just getting started.

  • We will calculate your sales and use tax returns, as well as personal use amounts based upon your flight log information gathered from a suggested log book method.
  • Heartland Aviation Consulting Group, LLC will provide the aviation entity tax preparation and flow the tax filing to your day to day CPA and legal professionals for inclusion in to your normal tax plan.
  • We will defend all legal and accounting challenges to your return that we prepare as a service that is included in our program for no additional charges.
  • As the current aviation legal and accounting climate changes, we will make all necessary changes and incorporate new methods in to your existing structure and tax plan as well.

The structure of your aircraft is crucial to how we can assist you in flowing tax benefits to you as the owner/operator, as well as delivery success. Heartland will help you make the right ownership structure decisions, so that you reduce risk and maximize ownership tax benefits.

We like to have a yearly tax planning meeting with you the customer, and your legal and accounting professionals. This will help implement any changes that you see on the horizon of your aviation ownership career. Our main focus is the customer's maximum tax benefit from ownership of business aircraft and the means to achieve that goal.

In any venture such as this, we suggest that you have a sound record keeping procedure, and detailed flight logs are essential to the success of the program. Heartland will provide you with a record keeping procedure, and flight log that will help you maintain compliance as well as assist us in tax preparation of your business aircraft entity.

Heartland provides a plan, and you implement that plan. Remember, no two aviation programs are the same: What you may see as a benefit in tax savings, another customer may receive a different result. Tax planning for aviation customers is very customer specific, and we approach our program in the same fashion. Each customer will have different results from our program, based upon the customer's domiciled tax and legal jurisdiction. We will do all we can to achieve the maximum benefit allowed under the law in your legal and tax jurisdiction.

Aviation assets are beautiful in creation, but they are inherent liabilities as we operate them. Heartland will provide a sound asset protection plan, so that your exposure personally to the operation of your aircraft is as minimal as possible. Remember that not all liability can be removed from you as the operator in the event of an aviation accident, but we can go a long way to reduce the impact to you personally.

With these tenets in mind, Heartland will be proud to help you achieve the most from your aircraft ownership, and look forward working with you real soon.