MFS Insights · Page 3 of 13
Maritime Businesses Insights — Page 3
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
Is Your Yacht Captain Really an Independent Contractor?
What the 2013 Allegro Ventures maritime employment dispute reveals about yacht captain classification, payroll responsibilities, employment contracts, and the financial risks of treating crew as independent contractors.
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When Does Yacht Crew Sick Pay End? Lessons From the Utopia IV Wage Dispute
A permanent yacht crew contract does not automatically guarantee wages until medical recovery. The Utopia IV dispute shows why owners and managers must distinguish wages, maintenance and medical care—and document the basis for each payment.
Read articleYacht Crew Payroll: A Practical Guide for Owners and Captains
Managing yacht crew payroll requires more than paying salaries on time. From crew changes and employment arrangements to payroll taxes, funding and reporting, a structured process helps owners and captains maintain control, reduce administrative errors and keep vessel operations running smoothly.
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2026 Yacht Tax Changes: Plan Before Closing
Buying a yacht in 2026 requires tax planning before closing. Depreciation, ownership structure, and IRS updates can affect deductions, timing, and annual cash flow.
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How Yacht Charter Losses Can Impact Your Tax Bill
A yacht charter loss does not automatically lower your tax bill. The key question is whether the loss is passive or nonpassive, whether you materially participated, and whether any additional loss limits prevent the deduction from offsetting other income this year.
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Selling a Yacht After Depreciation: How to Estimate Net Proceeds Before Taxes Surprise You
A yacht sale can create taxable income even when the vessel sells for less than you paid. The reason is depreciation recapture under Section 1245, which changes how net proceeds should be modeled before you accept an offer.
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