Most yacht owners
leave serious money
on the table. We don't.
McGregor Financial Services is the only firm combining IRS Enrolled Agent representation, deep marine sector knowledge, and hands-on accounting — built specifically for yacht owners, charter operators, crew, and marine businesses.
Speak with an advisor — no paperwork, no commitment.
A short call to identify your key exposure points, documentation priorities, and what the right next step looks like for your situation.
Speak with an Advisor Send a Private MessageAll conversations are handled directly by the advisory team — not outsourced.
A yacht charter owner operating without proper books, no monthly reporting, and no defensible tax position. MFS reconstructed the full financial history, established ongoing monthly accounting, and delivered a documented structure that holds up to IRS review.
Engagements
Owner–Vessel Fund Separation Validation
Because commingling becomes a story — and stories become problems.
- Fund-flow map that’s easy to explain (and defend)
- Owner vs vessel payment rules + reimbursement protocol
- Agency/authority documentation gaps flagged early
- “Do this / don’t do this” operating rules for managers/bookkeepers
Crew Classification & Payroll Risk Assessment
Misclassification isn’t “oops.” It’s back-tax, penalties, and ugly cleanup.
- W-2 vs contractor exposure flagged with clear reasoning
- Risk-ranked correction plan (calm, not reactive)
- Payroll cleanup roadmap + provider coordination outline
- Priority list of what to fix first (highest impact)
Multi-State Charter & Sales Tax Exposure Map
This is the “we didn’t know” category that shows up later with penalties.
- State-by-state exposure map based on activity
- Filing priority matrix (what matters first)
- Charter documentation standards to prevent leakage
- Go-forward compliance strategy you can actually run
Accounting System Defensibility Setup
If the books can’t tell the story, they can’t defend the story.
- Defensible chart of accounts + categorization rules
- Expense substantiation standards (what to keep, how to label)
- Owner-use vs business-use framework to avoid drift
- Year-end readiness checklist (no chaos, no scramble)
Pre-Charter / Pre-Refit Tax Readiness Brief
Most expensive mistakes happen before the invoices hit the inbox.
- Written “do this / don’t do this” advisory memo
- What qualifies vs what doesn’t (based on your facts)
- Documentation required before money moves
- Timing traps that can wreck otherwise good plans
Banking, AML & Payment Flow Review
Banks shut accounts fast. Clean payment behavior prevents it.
- Payment approval framework that scales
- Vendor documentation checklist to satisfy scrutiny
- Fund flow behavior review (reduce avoidable red flags)
- Bank-safe operating procedures for the team
IRS & Audit Exposure Readiness File
If a question shows up, you want a calm response — not a scramble.
- Substantiation checklist + narrative outline
- Exposure priorities ranked by impact
- “If asked, here’s how we explain it” file
- Documentation gaps identified before they matter
Ongoing Compliance Oversight
Because risk is dynamic — new activity creates new exposure.
- Quarterly exposure reviews and posture checks
- New activity risk checks before decisions lock in
- Coordination with managers and other providers
- Annual refresh of the exposure report
“In America there are two tax systems, one for the informed and one for the uninformed. Both systems are legal.”
Tax News & Blogs
McGregor Financial Services (MFS) provides specialized tax preparation services for yacht crew, marine businesses, and owners. Whether you need help filing a 1040 form, 1099 form, 1099-NEC, or W-2/W-9 tax form, our team simplifies the process of efile tax returns, income tax planning, and payroll tax management.
Clients searching for a “tax preparer near me,” “CPA near me,” or “tax services near me” rely on MFS for accurate filing, compliance with the Internal Revenue Service (IRS), and guidance on everything from capital gains tax, inheritance tax, and property tax to self-employment tax and small business accounting.
We support marine professionals and small businesses with paycheck calculators, payroll calculators, sales tax calculators, federal income tax calculators, and refund tracking tools, ensuring that tax season is stress-free. Whether you’re dealing with an amended tax return, franchise tax board notices, excise tax, estate tax, or federal withholding tax, our advisors deliver clarity and compliance every step of the way.
Why MFS?
“ MFS was founded to reintroduce practicality to accounting in the Marine Industry, despite the overwhelming presence of technology.
We believe in maintaining the highest standards of integrity while offering personalized, reliable financial solutions that truly serve our clients' needs, ensuring they can navigate their financial futures with clarity and peace of mind.”
Founder | CEO | Enrolled Agent
Wise for yacht crew
& marine businesses
Open a Wise Business account through McGregor Financial Services to send, receive, and hold money in 40+ currencies at the mid-market rate. Designed for crew salary, tips, charter payments, supplier invoices, and cross-border marine expenses — with no hidden exchange rate markup.
No monthly fee for Wise Business. All fees shown upfront before sending or converting.
Our Values
Frequently Asked Questions
What’s the biggest financial risk yacht owners miss?
What does “owner vs vessel funds” actually mean in practice?
We already have a bookkeeper. What do you do differently?
What do you need from the captain or management team to start?
How do you handle charter vs private use documentation?
Does crew classification really matter for owners?
We’re in different ports and time zones. Can this be done remotely?
What does a “review” deliverable look like?
Get In Touch With Us
Office +1-954-250-4820
Fax +1 954 838 5540
1314 E Las Olas Blvd #1600
Ft. Lauderdale, FL 33301, USA