MFS Insights · Page 2 of 13
Maritime Businesses Insights — Page 2
Continue exploring tax, accounting and financial questions for maritime businesses. Read the articles below or return to the main hub for service information.
Latest Maritime Intelligence
77 articles
Should You Claim 100% Bonus Depreciation on Your Yacht—or Elect Out?
An eligible yacht owner should compare claiming 100% bonus depreciation with making a valid election out. The better choice depends on when deductions become usable, tax rates, other assets affected by the election and the expected sale or change in use.
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How Much Does Boat Insurance Cost? What Yacht Owners Should Budget in 2026
Boat insurance cost in 2026: published averages start in the low hundreds, but yacht insurance depends on value, location, use and deductibles—especially in Florida.
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FLIBS 2026: What Buying a Yacht Really Costs Beyond the Purchase Price
The purchase price buys the yacht. It does not fund the crew, dockage, insurance, repairs or next yard period. Before buying at FLIBS 2026, compare the full first-year cash requirement with the annual budget you can sustain.
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How Much Does Yacht Crew Really Cost? Salaries, Benefits and Employer Payroll Costs
Explore yacht crew costs beyond salary, with three illustrative budgets covering relief crew, benefits, travel, recruitment and employer payroll taxes.
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A Cayman Flag Did Not Eliminate U.S. Yacht Payroll Taxes: The DAF Charters Case
A Cayman flag and foreign ownership did not shield a Florida yacht operator from U.S. payroll taxes. The DAF Charters case explains why the employer’s tax classification mattered—and what yacht owners and management companies should review.
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When Unpaid Yacht Wages Become a Claim Against the Vessel
Unpaid yacht wages can become more than an employment dispute. They can create claims against the vessel itself. The M/Y Blue Star litigation shows why clear payroll calculations, contracts and expense records matter when yacht funding breaks down.
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