Wolcott & Associates’ aviation tax software now available to other firms

Fort Lauderdale, Fla.-based firm Wolcott & Associates now offers its aviation tax solution, Flight Tax Systems, to organizations who have multiple aircraft-owner clients, such as CPA and law firms.

Flight Tax Systems (FTS) was developed by Wolcott & Associates in 2014 for internal use, and the firm provided the tool to clients on a subscription basis. Now a subsidiary of Wolcott & Associates, Flight Tax Systems LLC will offer private branded site license versions of its software to other professional organizations.

FTS is designed for aircraft owners and operators to track the tax-related activities of their aircraft. The aviation tax management software allows tax professionals to track, monitor and report on client aircraft use in compliance with IRS reporting, deductions and substantiation regulations. Site licenses are scalable for firms of any size. Each site license includes a private database and login branded with the firm’s company logo, administrative functionality, password-controlled access levels, client activity reports and all of the features of the Flight Tax Systems Enterprise version.

For more information on FTS, click here.

AT071017 Aviation Chart

For reprint and licensing requests for this article, click here.