Yachting accountants for
owners, crew & marine businesses
Specialized accounting, reporting, payroll, tax planning, and compliance for private yachts, charter operations, and the teams that keep them running.
Managing a superyacht’s finances requires specialized expertise. We reconcile multi-currency accounts, track owner contributions and crew expenses, and deliver clear monthly financial reporting so owners can monitor operating costs with confidence.
Monthly yacht accounting
Rigorous reconciliation of bank, card, invoice, and captain records; monthly profit-and-loss statements by category; current balance sheets; budget-versus-actual analysis; cash-flow forecasts; and capital-expenditure schedules.
Owner financial reporting
Consolidated reporting built from the owner’s perspective, including operating-cost analysis, cash and payables, reserve planning, and tax-preparation packages with supporting schedules.
Charter accounting
Charter invoices, APA deposits, broker fees, provisioning, fuel, crew costs, and private-use allocations are matched to each trip so you can see its true net result.
Crew payroll & tax
Payroll coordination, year-end reporting, employment documentation, withholding review, and tax support for crew operating across jurisdictions and flag-state requirements.
Monthly accounting with no guesswork
Every yacht has dozens of expense categories and income streams. We reconcile fuel, provisions, maintenance, salaries, berth fees, and other charges against supporting invoices, then compare actual spending with the owner’s budget. Regular cash-flow forecasts and capex schedules help identify funding needs before they become surprises.
Charter profitability, clearly measured
Every booking creates revenue, broker fees, APA activity, and operating costs that need to be connected. Our charter reporting tracks the full path from gross charter revenue to direct costs and net income, while keeping business and private use properly separated for management and tax reporting.
Ownership structures, sales tax & depreciation
Yacht ownership commonly involves an LLC or other special-purpose entity, a flag-state decision, and careful planning for sales and use tax. We coordinate with your legal and tax advisors to support sound entity, delivery, and documentation decisions before closing.
We also help distinguish current repairs from capital improvements, maintain refit records, and document business use for depreciation analysis. Eligibility for deductions and accelerated depreciation depends on the vessel’s facts, ownership structure, use, and current law.
Year-round compliance and IRS readiness
Yacht accounting should be performed with year-end and examination readiness in mind—not reconstructed at tax time. We maintain organized financials and supporting records for charter income, deductible expenses, owner draws, loans, and business-versus-personal use. When questions arise, the accounting file is already built to explain the transaction.
Case study: rebuilding a yacht’s books
An 85-foot South Florida motor yacht had scattered bank, card, and captain records, leaving operating costs materially understated. After reconstructing 18 months and 4,462 transactions, the owner gained a complete view of crew payroll, maintenance, charter results, and recurring waste. The resulting information supported repricing the charter program, adding fuel surcharges, eliminating duplicate costs, and identifying tax-planning opportunities.
A complete financial partner for yachting
Monthly accounting, owner reporting, charter bookkeeping, crew payroll, entity coordination, and compliance support work best as one connected service. Whether you own a private yacht, operate a charter fleet, or manage marine operations, specialized accounting provides the financial clarity needed to make informed decisions.
Important: This page provides general information only and is not legal or tax advice. Tax, employment, payroll, sales-tax, and vessel-ownership rules depend on the facts and can change. Please consult qualified advisors before making a transaction or filing decision.