SD Aviation Tax and Compliance Services (ATACS)

U.S.-based corporations with aircraft fleets, where personal use is a concern, need tax reporting solutions that address the complexities of SEC, IRS and FAA disclosures. Aviation and tax departments are often caught off-guard by this reporting because of a communications gap — each thinks the other is covering the task.

At Satcom Direct, we help flight and tax departments navigate critical reporting processes with compliance-driven solutions. ATACS may help reduce risk and save time, while potentially saving you money. It gives your team flexibility and peace of mind in an area of taxation that can have enormous financial and reputational consequences. Our Managed Services professionals work with your flight and tax department data to produce aviation accounting disclosures that are tailored to your company’s management team, shareholders and regulatory agency requirements.

How Does ATACS Work?

ATACS is powered by SD’s industry leading tax experts. Corporations like yours can manage the reporting themselves, but many choose to outsource the entire ATACS reporting function to SD’s Managed Services professionals.

When a corporation like yours engages with SD to help with aviation-related tax reporting, we work with tax and flight departments to:

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  1. Understand reporting processes and what’s being reported; evaluate data collection and classification methods currently in place and understand where any issues lie. This could also include a privacy and security assessment.

  2. Evaluate assessment results to redefine, streamline and implement more effective tax reporting processes, including guidance on flight classifications and rules.

  3. Take Flight and Tax department data — in a variety of formats — and translate aviation data to tax and accounting data to produce the requisite reports, which can be produced monthly or at any required frequency.

  4. Bridge the gap, bringing flight and tax departments together with documented processes and classification guidelines to streamline the task of operational and regulatory reporting.

Mind the Gap

Download and read our three-part story on what can happen in real life.

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Bridge the Gap

Whether your aircraft fleet is managed in-house or outsourced to a jet management company, effective, more accurate, and timely reporting lessens worries about potential negative consequences — including massive fines and negative media attention — down the road.

SD empowers flight departments like yours to focus on the safe transport of executives to their destinations, while giving your company’s tax department and company management the ability to focus on strategic finance issues rather than the important but onerous aviation tax reporting issues.

© 2018 Satcom Direct, Inc. All Rights Reserved.

SD does not provide or offer any tax advice or legal advice to anyone using the services as defined in the Terms and Conditions, and no information provided on this Site shall be construed or interpreted as such advice. Under no circumstances should any person make tax decisions based solely on the information provided by the services and reporting.