Bonus depreciation continues to impact purchase decisions of many taxpayers. While the general rule is 80% bonus depreciation for business assets, business aircraft may qualify for 100% bonus depreciation in 2023. If you have signed a purchase agreement prior to 2023 and made a non-refundable deposit of at least $100,000 – you qualify to take…
Unprecedented times are upon us. In the past, King Air magazine has published dozens of articles on a variety of insurance topics. The content has revolved around experiences your fellow King Air operators have endured and we all have been able to learn from. Currently, the world is grappling to navigate COVID-19, which has sent…
Many pilots have heard of the Aviation Safety Reporting System – ASRS for short. More affectionately known as the “NASA Report.” Even for those who have filed one, the procedures and scope of protection for this report are often unclear. What is a NASA Report? In the early 1970s, there was no way for a…
If you are flying alone, or with only non-pilots in the aircraft, you already know that the Pilot-In-Command (PIC) is you. However, what if there are two rated pilots in crew seats? Does it matter if one pilot has more experience, higher ratings, or is giving flight instruction? The answer might be as clear as…