By Tom Andrews, CPA As the real estate market continues to rebound and interest rates remain historically low yachting professionals are continuing to invest in real estate. Since traveling is
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by Tom Andrews, CPA As discussed in previous columns foreign flagged vessels are required to withhold federal income taxes from nonresident crewmembers while those vessels are cruising in US territorial
By Tom Andrews, CPA Now that Christmas is over the topic of foreign and nonresident gifts become a frequently discussed topic. Many yacht crewmembers have friends, family, spouses etc. who
by Tom Andrews, CPA The term “yacht management” has been used to describe a vast number of services in the industry, the large management companies tend to manage every aspect
by Lisa Marshall On Friday, October 17th, AvMar came out to support Yacht Captains at the AWL Grip Captains Golf Invitational. Everyone had a blast in support of Yacht Aid
By Don Hoyt Gorman, (The Super-Yacht Owner Website) An American super-yacht owner and a number of his super-yacht owning friends have all received the same letter from the US Internal
by Tom Andrews, CPA Any nonresident crewmember that has worked on a foreign flagged vessel has probably been asked to sign form 8233 “Exemption Form Withholding on Compensation for Personal
Originally Published in “The Triton” 09/27/2011. Ft. Lauderdale-based AvMar Payroll Services, one of the industry’s largest yacht crew payroll companies, has begun withholding U.S. income taxes from foreign crew while
by Tom Andrews, CPA The purpose of this memo is to discuss the American crewmembers responsibility when it comes to making quarterly estimated tax payments. In most cases crewmembers will
By Tom Andrews, CPA For several years now I have noticed a substantial increase in the number clients that have been victims of identity theft. The identity theft I am