Video Articles - Insights on California sales and use tax

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"An investment in knowledge always pays the best interest." -- Benjamin Franklin

Overview of Lending Markets: Webinar Image

Overview of Lending Markets: Webinar

If you are looking at purchasing a business jet or in any way need information on the lending market regards personal aircraft, this webinar is for you. Tom has brought on Samuel Harris, President of JetLoan Capital.


Classic A Types Image

Classic A Types

Classic "A" types are successful because they colored outside the lines.


Dealer License Myth Image

Dealer License Myth

Many times taxpayers call me when they receive a notice from the State of California; often they feel that they have been unfairly singled out. Many times they open the conversation with, “I have a dealer’s license. I don’t have to pay tax.”


Don't Let Your Friends Get Ambushed Image

Don't Let Your Friends Get Ambushed

The prices of aircraft have fallen compared to the highs of five years ago. That is not news to anybody who is active in the aircraft market. However, there are some people out there getting ready to buy an aircraft for the first time. Or, maybe it will be their first purchase in a long time. Perhaps some of them are your friends. We consider you a friend because you contacted us.


Misunderstanding Will Double Your Tax Image

Misunderstanding Will Double Your Tax

If you have been overwhelmed by articles, advertising and friendly advice about the various schemes to legally avoid California Sales and Use Tax, let me set you straight about how to protect yourself.


Tax Avoidance? Or Tax Evasion? Know the Difference Image

Tax Avoidance? Or Tax Evasion? Know the Difference

On June 16, 1931 Al Capone—the notorious gangster at the top of the F.B.I’s ‘Most Wanted’ list—was sentenced to 11 years behind bars for tax evasion. Tax evasion is an ugly phrase that runs hand-in-hand with words such as slimy, crooked, shady, corrupt. Those who purposefully and criminally evade paying their due in taxes are justifiably scorned as unscrupulous cheaters.


Off Shore Delivery is no Guarantee Image

Off Shore Delivery is no Guarantee

In a recent ruling by an attorney for the State of California, a taxpayer’s purchase of a vessel was held to be taxable. This was done in spite of support that an off-shore delivery occurred and the vessel remained in Mexico and outside California for more than 90 days.


Out-of-State Affidavit Does Not Exempt You Image

Out-of-State Affidavit Does Not Exempt You

Do you know all the steps that need to be taken to legally avoid sales and use tax? Chances are you don’t. However, I do and I never lose.


Get it in Writing, or Pay the Price Image

Get it in Writing, or Pay the Price

Don’t have the proper documentation for your all of the transactions that have taken place with your aircraft or vessel? This can prove to be deadly.


What is Use Tax? Image

What is Use Tax?

We’ve all heard of sales tax. In fact, most of us are so used to it that we barely notice the item at the bottom of our receipts. Use tax, on other hand, is unfamiliar to most people. Unfortunately, use tax can have just as much of a sting on big purchases.

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