by lisamarshall | Nov 19, 2020 | News
By: Tom Andrews, CPA While many yacht crewmembers have stayed in a crew house from time to time the prospect of owning a home has always been an attractive investment opportunity to crew and as an accountant I am frequently asked to prepare taxes and bookkeeping local...
by lisamarshall | Nov 19, 2020 | News
By Tom Andrews, CPA As COVID-19 continues to disrupt the cruising plans for luxury yachts and their crewmembers there have been unintended consequences for vessels that remain in the United States longer than planned. One of these consequences is that some...
by lisamarshall | Nov 19, 2020 | News
By; Tom Andrews, CPA One of the unintended consequences of the COVID 19 global pandemic is that nonresident crewmembers may end up staying inside the United States longer than expected. In some instances that nonresident crewmember may end up triggering a United...
by lisamarshall | Nov 19, 2020 | News
By: Tom Andrews, CPA As a crewmember on a foreign flagged vessel you are probably being paid in one of three ways: You are issued a W-2 with taxes withheld. You are working as a “contractor and receive a 1099 at the end of the year. The employer is simply depositing...
by lisamarshall | May 11, 2020 | News
by: Tom Andrews, CPA This goes without saying but the term Yacht Captain is probably the most understated job title in the luxury yacht industry. The profession is so much more involved than taking the vessel from one destination to another. Many captains are hired...
