News & Insights
The MFS article library — tax, accounting, payroll, and financial guidance for yacht owners, yacht crew, and marine businesses.
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News UpdateNews
The Treasury Department and IRS have announced steps aimed at preventing private schools that engage in racial discrimination from qualifying for or keeping…
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News UpdateNews
The Treasury Department and IRS have announced steps aimed at preventing private schools that engage in racial discrimination from qualifying for or keeping…
News UpdateBusiness
A family faces a disputed $736 million IRS gift-tax assessment over GRAT transactions. See how GRATs work, why promissory notes matter, and practical examples.
AnalysisYacht Owners
Coral Ocean is for sale at €99M after Ian Malouf’s reported $50M buy and €35M rebuild. See the real yacht economics behind refit cost, charter revenue and owner return.
AnalysisYacht Owners
Revolut founder Nik Storonsky denies owing Cecil Wright & Partners €17.5M over the reported €350M purchase of Lürssen superyacht Nixie.
GuideYacht Owners
How owner personal use affects charter economics, documentation and tax analysis for a yacht operated as a charter business.
GuideYacht Crew
H.R. 10153 could create FEIE relief for qualifying U.S. merchant mariners, but it is only proposed legislation and most yacht crew likely do not qualify.
GuideYacht Owners
Yacht charter accounting must track gross revenue, commissions, APA, crew, owner funding, personal use, OPEX, CAPEX, refits, reconciliations and tax-basis records.
AnalysisYacht Owners
Eric Schmidt's Whisper yacht is reportedly listed near $172.5M. See the real ownership math: purchase price, charter income, operating costs, refits and opportunity cost.
News UpdateBusiness
Tax-aware long-short investing may let a portfolio pursue growth while realizing selected tax losses. Learn how gain deferral, capital-loss use, wash-sale rules, leverage and exit planning affect the strategy.
GuideYacht Crew
A $10 million yacht can require $14.66M in first-year liquidity and $2.49M per year to operate. See crew, fuel, dockage, charter, refit and resale costs.
AnalysisYacht Owners
Where a $100,000 yacht charter fee actually goes after commissions, APA, crew, operating costs and owner economics.
AnalysisYacht Owners
A $25 million yacht can require $4.76M a year and nearly $397K a month to fund. See crew, fuel, dockage, insurance, charter offset and five-year cost.
AnalysisYacht Owners
Illustrative first-year and annual operating costs for a $5 million yacht, including crew, dockage, insurance, maintenance and reserves.
AnalysisYacht Owners
A $50 million purchase can require $62.4M in year-one cash, $8.7M of annual owner funding and more than $110M before resale over five years.
AnalysisYacht Owners
Can charter income make a yacht pay for itself? See the real math for $5M, $10M and $25M yachts, including APA, commissions, owner use and break-even weeks.
AnalysisYacht Owners
Compare 2026 yacht ownership costs across $1M–$50M yachts: crew, fuel, insurance, dockage, maintenance, repairs and refit reserves by vessel size.
AnalysisYacht Owners
See what yacht owners actually keep after commissions, charter costs and annual OPEX—with 6, 10, 14 and 18-week profit and ROI scenarios.
GuideYacht Crew
A $10 million yacht can cost $1 million to $2 million+ per year to own. See the real budget for crew, maintenance, insurance, dockage, fuel, refits and tax.
AnalysisYacht Crew
Below Deck shows the tips. See what yacht crew really earn in 2026, including salary, charter gratuities, rotation, onboard perks and tax considerations.
AnalysisYacht Owners
Can $1 million in yacht charter revenue become owner profit? See what remains after commissions, operating costs, APA treatment and financing.
AnalysisHigh-Income Individuals
A $500,000 salary is high income—but taxes, housing, childcare and lifestyle commitments can leave surprisingly little investable cash. Here is how to turn income into lasting wealth.
GuideHigh-Income Individuals
The federal estate-tax exemption is $15 million in 2026. IRS rules show why families far below that amount can still face major tax and inheritance issues.
AnalysisYacht Owners
BRABUS yachts can cost from approximately $148,000 to more than $1.4 million before tax. See every Shadow model’s price, fuel use, financing payment, Florida tax, VAT exposure and estimated five-year ownership cost.
AnalysisYacht Owners
Use the 2026 wealth-building stack to prioritize emergency cash, debt, 401(k), HSA, IRA, real estate, brokerage accounts and business capital.
GuideYacht Crew
The cost of buying a yacht extends far beyond the purchase price. See a 2026 first-year budget model covering tax, insurance, crew, dockage, fuel, maintenance, financing and reserves.
GuideMortgages
Learn the complete financial planning system for yacht crew in 2026, including taxes, FEIE, investing, retirement planning, mortgages, and wealth building.
AnalysisYacht Owners
HEMISPHERE is listed for €38.5 million after a major price reduction. See the estimated first-year ownership cost, charter income, crew payroll, operating budget, taxes and break-even analysis.
AnalysisYacht Owners
The 2026 yacht market has fewer pre-owned sales but higher average values, more listings and more price reductions. Learn what buyers should examine before purchasing.
Case StudyYacht Owners
Possibly. A yacht tax write-off depends on genuine business use, strong records, personal-use and loss limitations, plus potential recapture on sale.
GuideYacht Crew
Are yacht crew meals deductible in 2026? Learn how Section 274(o) affects crew provisioning, charter guests, APA expenses and luxury yachts.
GuideMortgages
The Fed held rates in July 2026, but mortgage rates can still move. Learn what yacht crew, self-employed buyers, and refinance candidates should do now with documentation, rate locks, and affordability planning.
GuideYacht Owners
Florida's yacht sales and use tax can reach thousands of dollars, but state law limits the total tax on each boat purchase or use to $18,000. This guide explains the cap, out-of-state purchases, nonresident exemptions, delivery planning and the documentation deadlines yacht buyers cannot afford to miss.
News UpdateYacht Owners
Wondering how much yacht charters make in 2026? See real-world revenue, APA, broker commissions, operating costs, and profit examples for 50ft, 80ft, and 130ft charter yachts.
AnalysisYacht Owners
See the 12 monthly financial reports every yacht owner should receive, from budgets and cash forecasts to payroll, APA, refits and tax-ready records.
AnalysisYacht Owners
A yacht closing before year-end does not automatically prove depreciation eligibility. Learn how Lentine v. Commissioner frames placed-in-service timing, readiness, owner use, and audit-ready yacht records.
Case StudyPayroll
$89 million off-the-books payroll case shows why cash wages, shell companies, false workers' comp records, worker misclassification, and undocumented payroll can create serious IRS and criminal exposure.
GuideMortgages
A prominent attorney’s tax evasion and mortgage fraud sentence shows why tax returns, business records, foreign accounts, IRS debt, and mortgage applications must tell the same financial story.
News UpdateBusiness
IRS automatic penalty relief begins in 2026. See who qualifies, which penalties AEP covers, how it replaces First-Time Abatement, and what remains due
News UpdateBusiness
Eight North Carolina tax preparers pleaded guilty in a pandemic-relief tax fraud scheme involving false paid sick and family leave credits. Learn what the case means for taxpayers, business owners and tax professionals.
GuideBusiness
Treasury is screening federal payments against death records. Learn how this may affect deceased taxpayer refunds, surviving spouses, estates, executors, business owners, Form 1310, Form 56, Form 1041, and post-death payment delays.
Case StudyYacht Owners
A yacht tax case study on Bad Daddy LLC v. Commissioner, where the IRS challenged $3.69 million of bonus depreciation and argued the yacht activity lacked a true profit motive under IRC §183.
GuideMortgages
Compare the best online mortgage lenders in 2026 with a broker-guided strategy before applying. This guide uses Forbes Advisor’s lender list as a starting point, then explains how borrowers can compare Rocket Mortgage, PNC Bank, New American Funding, Rate, Mr. Cooper, Ally, and live mortgage options through Loan Factory
News UpdateBusiness
The IRS Working Families Tax Cuts hub brings new deductions, Schedule 1-A guidance, withholding tools, family tax updates, business provisions, and scam warnings into one place. MFS helps taxpayers interpret the rules and prepare a cleaner filing plan.
AnalysisHigh-Income Individuals
QSBS trust stacking may help founders multiply the Section 1202 exclusion, but only with early planning, real nongrantor trusts, completed gifts, independent valuation, trustee independence, state tax review, and audit-ready records.
GuideYacht Owners
See the 15 financial reports every yacht owner needs to reduce costs, improve cash flow, and gain complete financial control.
AnalysisYacht Owners
Explore 2026’s trending yacht clubs from a Yacht Owner’s perspective, including top U.S. clubs, guest access, transient dockage, reciprocity, event calendars, cruising value, etiquette, membership considerations, and practical arrival details for planning a smarter yacht season across the U.S. coasts.
AnalysisYacht Owners
Yacht management companies operate the vessel. Yacht accountants independently verify the financial results. Learn why yacht owners need both for clearer reporting, stronger controls, tax-ready records, charter profitability, payroll coordination, and owner-side financial oversight.
GuideBusiness
Florida protected series companies are now available as of July 1, 2026. This guide explains how Florida LLC owners can use protected series for asset separation, lower filing costs, tax planning, payroll records, and stronger financial administration.
Case StudyPayroll
Federal authorities recently announced the sentencing of two individuals involved in a years-long off-the-books payroll scheme that generated approximately $38 million in tax losses to the United States.
Case StudyBusiness
The FTC and Nevada sued American Tax Service over alleged deceptive tax-relief marketing. What the $36 million case means for taxpayers choosing representation.
MFS OpinionBusiness
Spirit Airlines operates as a publicly traded company, which means shares can be purchased by the general public through brokerage accounts. This gives individuals exposure to the company’s performance and a small ownership stake.
Yacht OwnersYacht Owners
Owning a superyacht through a corporate structure looks sophisticated but the IRS does not reward structure alone. It rewards how the yacht actually operates.
Case StudyPayroll
Learn from a $22.1M payroll tax fraud case. Discover how IRS-CI builds cases, understand personal liability, and protect your business assets today.
Case StudyPayroll
Federal prosecutors charged a Miami developer in an $85M fraud case—but the real lesson for businesses may be payroll tax compliance and IRS trust fund liability.
Yacht OwnersYacht Owners
January 2026 delivered an unusually strong start to the superyacht brokerage market, with completed transactions moving faster than traditional seasonal patterns suggest. Rather than signaling speculative heat, the momentum reflects a disciplined, execution-driven environment where pricing realism, preparation, and structural readiness are determining outcomes for buyers and sellers alike.
News UpdateBusiness
New IRS statistics reveal foreign investors earned $23B from U.S. partnerships, highlighting major withholding and Form 8805 compliance obligations.
Case StudyPayroll
A Boston contractor was sentenced for concealing business income, cashing customer checks, and failing to file required tax forms, causing over $3M in tax losses.
Case StudyPayroll
An IRS criminal case resulted in a 12.5-year federal prison sentence for promoting an abusive trust tax shelter and fraudulent investment scheme.
News UpdateBusiness
Treasury and IRS issued guidance on the new car loan interest deduction, including eligibility and lender reporting rules under OBBB.
GuideBusiness
Rising security and cybersecurity costs may affect how small businesses deduct expenses, depreciate assets, and report executive benefits on 2025 tax returns.
AnalysisYacht Crew
Compare 2026–2027 yacht crew salaries for deckhands, stews, chefs, engineers, officers and captains, with monthly pay ranges by yacht size.
AnalysisYacht Owners
Learn how to start a yacht charter business in 2026, including charter economics, owner use, LLCs, maritime compliance, accounting, depreciation records and tax documentation.
GuideYacht Crew
U.S. yacht crew generally report worldwide income. Learn how wages, tips, FEIE, FBAR, foreign payroll and state residency affect 2026 filings.
News UpdateBusiness
The IRS updated Section 163(j rules affecting business interest deductions, depreciation add-backs, capitalized interest, and foreign income for 2025–2026.
News UpdateBusiness
New IRS guidance explains expanded HSA eligibility, tax benefits, and planning strategies for individuals and business owners under OBBB.
GuideYacht Crew
Working on a foreign-flagged yacht does not automatically qualify income for the FEIE. Eligibility depends on tax home, foreign-country presence, travel days, itinerary and employment arrangement.
Yacht CrewYacht Crew
Learn how yacht crew qualify for the Foreign Earned Income Exclusion (FEIE), day count rules, tax home pitfalls, documentation, and red flags.
News UpdateYacht Owners
Each month, the yachting industry sees major shifts — from fleet expansion and charter demand to regulatory changes and crew market pressures.
Yacht CrewYacht Crew
Discover what 2025 tax rule changes mean for yacht crew classified as independent contractors vs employees with McGregor Financial Services.
News UpdateYacht Owners
Explore the impact of the $100,000 H-1B fee on U.S. immigration policy. Yacht operators and specialized crew should adjust visa strategies accordingly.
Yacht CrewYacht Crew
Learn the top IRS audit red flags yacht crew face in 2025 and how to stay compliant with expert tax guidance from McGregor Financial Services. Regularly review your tax documents and maintain control over your financial records to minimize audit risks.
GuideYacht Crew
Discover how yacht crew can navigate financial planning and mental health challenges after leaving yachting with expert guidance from MFS.
News UpdateYacht Crew
Learn how the One Big Beautiful Bill helps yacht crew save thousands with early tax planning strategies from McGregor Financial Services.
Yacht CrewYacht Crew
Explore how financial stress affects yacht crew mental health and discover strategies for balance with insights from McGregor Financial Services.
Yacht CrewYacht Crew
See how yacht crew spending vs. saving impacts financial security. Learn smart paycheck strategies with McGregor Financial Services.
GuideBusiness
Discover financial strategies for boat repair shops, dealerships, and marine service providers with guidance from McGregor Financial Services.
Yacht CrewYacht Crew
Learn how smart financial planning gives yacht crew the freedom to leave toxic work environments and take control of their future.
BusinessBusiness
Discover why tax planning doesn’t end on deadline day. Learn how yacht crew can optimize finances year-round with McGregor Financial Services.
GuideYacht Crew
Learn why the post-PBIBS pre-season is the best time for yacht crew to schedule a financial checkup with McGregor Financial Services.
BusinessBusiness
Discover how structuring your yacht brokerage as a business can boost tax efficiency and profits with guidance from McGregor Financial Services.
Yacht CrewYacht Crew
Explore the top tax deductions yacht crew can claim, from travel to training, with expert guidance from McGregor Financial Services.
Yacht CrewYacht Crew
Learn the top 3 tax tips yacht crew need to know to save money, stay compliant, and simplify filing with McGregor Financial Services.
BusinessBusiness
When marine small and medium-sized businesses (SMBs) choose an accountant, several key factors shape their decision. Unlike general SMBs, marine businesses face unique financial challenges—such as seasonal revenue cycles, complex inventory needs, and specific tax regulations.
Yacht OwnersYacht Owners
This year’s Fort Lauderdale International Boat Show (FLIBS) offered MFS a unique opportunity to witness the latest in luxury, innovation, and marine technology.
Yacht OwnersYacht Owners
Last week, MFS had the pleasure of attending The Breakfast With The South Florida Business Journal Event, hosted at the Marine Industries Association of South Florida (MIASF) offices. It was an incredible opportunity to connect with fellow professionals, share insights, and discuss the evolving landscape of the marine and yachting industry.
BusinessBusiness
Uncover hidden tax traps facing yacht industry businesses and learn how McGregor Financial Services helps protect profits and ensure compliance.
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