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Fiveon the Fly by Dianne White WHO: Daniel Cheung COMPANY: Aviation Tax Consultants POSITION: CPA, Aviation Tax Planning Expert HOME BASE: Columbus, Indiana and Scottsdale, Arizona (SDL) 1. What does Aviation Tax Consultants do and what is your role? ATC works with business aircraft owners to structure their ownership to be tax efficient and at the same time compliant with federal and state tax laws and FAA regulations. We work closely with our client’s existing advisors and we are focused on all aircraft related compliance matters. 2. Describe an average day for you at ATC. Whether I am in the office or on the road, I spend most of my time on the phone speaking or corresponding on emails with clients, CPA’s, prospects and aircraft salespersons. I spend a significant amount of time traveling and networking with business aviation professionals around the country. For a tax accountant handling tax return preparation and research, to work in this great GA community is something I never imagined! I love the tight-knit nature of the general aviation community and the talented folks from all walks of life who are involved. 3. The tax landscape has changed dramatically in the last two years. What changes in the tax code have especially benefitted aircraft owners? It would be the expansion of bonus depreciation in December 2017 to include new or pre-owned aircraft. This change benefited the pre-owned aircraft segment tremendously with a tax incentive that has been reserved for factory new aircraft in the history of bonus depreciation. The longer-term impact, however, is the creation of much greater interests across the business aircraft market, which ultimately helps new aircraft sales. 18 • TWIN & TURBINE / October 2019