Get your marine finances handled right,
from dockage to IRS filings.
McGregor Financial Services (MFS) helps yacht owners, marine businesses, and crew manage accounting, taxes, payroll, and dockage costs with systems built specifically for the marine world—not generic small-business templates.
- Full-cycle accounting for yachts, yards, marinas & marine SMBs
- Dockage & operational cost modeling across Florida, Bahamas & Caribbean
- Yacht crew tax & payroll support for U.S. and foreign crew
Pick the level of support that fits your vessel or business
Just like choosing how to file your taxes, you can choose how closely you want MFS involved—from fully outsourced finance to high-level advisory for your existing team.
Full-Service Marine Finance
We act as your outsourced marine finance department—bookkeeping, payroll, tax filings, dockage modeling, and owner-ready reporting for one vessel or an entire fleet.
- Monthly bookkeeping tuned to yard, dockage & fuel
- Sales & use tax setup and filings for marine work
- Owner, lender & insurer-ready reports
Marine Controller & Advisory
Ideal if you already have a bookkeeper, purser, or office manager. We provide oversight, clean-up, and strategic tax planning so your numbers stay sharp and defensible.
- Chart of accounts & job-costing built for vessels
- Quarterly review calls with owners or management
- Tax strategies tied to actual cashflow & refits
Yacht Crew Tax & Financial Planning
Year-round guidance on U.S. and international tax rules for crew—so you’re using FEIE correctly, staying audit-aware, and planning life after yachting.
- U.S. crew & nonresident filings
- FEIE, residency tests & travel day tracking
- Transition planning for life after yachting
Marine-specific systems, not generic templates
Our processes are built around how yachts, yards, and marinas actually operate—from multi-currency wires to seasonal dockage swings and refit chaos.
We separate CAPEX and OPEX, tag expenses by vessel, trip, and region, and produce reports owners and lenders can actually use.
Labor, parts, fabrication, and refits are handled according to Florida rules and other state requirements—so your DR-15 filings match your invoices.
We look at owners and crew together—entity structure, payroll, FEIE, and personal filings—so everyone knows the tax posture before big decisions.
Estimate your dockage before you commit
Dockage is often one of the largest recurring costs for a yacht. Use this quick calculator to sketch costs in the Bahamas or with a custom nightly rate, then bring it to your MFS consultation and we’ll fold it into a full operating budget.
Sample Bahamas dockage snapshot (per ft / night)
| Marina | Typical range (USD) | Notes |
|---|---|---|
| Atlantis | $8–$10 | Resort destination; premium rates in peak season. |
| Albany | $12–$15 | Ultra-premium; limited slips, high demand. |
| Bay Street | $7–$9 | Central Nassau access and flexible options. |
Dockage cost calculator
This is a rough planning tool only. Always confirm actual pricing with marinas, agents, or your management company.
Common questions from yacht owners, yards & crew
These are the kinds of questions people type into Google before they end up on a call with us. Here are straight answers in plain English.
Often, yes—especially on parts and fabrication. Labor-only repair work can be exempt when separately stated on the invoice, but parts, materials, and certain fabrication charges are typically taxable. The risk is in bundling everything into one line item and accidentally over-taxing (or under-reporting) your work.
MFS reviews your pricing structure, invoices, and DR-15 filings to align with Florida rules so a DOR audit isn’t a surprise.
U.S. citizens and green card holders are taxed on worldwide income, even when they earn wages offshore. Many crew can use the Foreign Earned Income Exclusion (FEIE) or treaty positions, but that doesn’t remove the filing obligation.
See our Yacht Crew Tax Services and our article on IRS audits & red flags for crew.
It depends on whether the yacht is truly being operated as a business asset (charter or documented business use) versus personal enjoyment. The structure, documentation, and actual usage pattern all matter more than what someone “meant to do.”
We map out your intended use and create a documentation strategy owners, lenders, and advisors can all stand behind.
The best practice is to track dockage by vessel, region, and trip, and separate out extras such as electricity, water, agency fees, and permits. This lets you compare marinas and regions properly and justify decisions to owners and lenders.
MFS builds charts of accounts and reports that show dockage as clearly as fuel and crew costs.
The worst time to realize your sales & use tax or income tax filings are off is when a letter hits your inbox. Depending on the notice, we can often respond, clarify, or amend before things escalate.
If you’ve already received a letter, we can review it and tell you what the next 3–6 months will look like—before you call the number on the page.
Let’s put real numbers around your yacht or marine business
Whether you’re running a yard, managing a marina, operating a charter program, or owning a single yacht, MFS can turn scattered invoices and estimates into a clear, marine-specific financial picture—dockage, crew, taxes and all.