Avmar International

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09/01/2006 - Captains Petty Cash May Not Be So Petty
Dockwalk Magazine. Written by Tom Andrews of AvMar Accounting Services
Petty Cash is an important function of any yachts program, it also has been the cause of termination for many a captain. I've met many captains who feel they have a great relationship with their yachts owner, after all they have worked with them closely in intimate quarters, gotten to know their family, spent holidays and vacations together. ...

01/01/2006 - Yacht Payroll From the Owner and Captains Point of View
Dockwalk Magazine. Written by Tom Andrews of AvMar Accounting Services
In previous articles I have touched on the reporting and filing requirements faced by captain's and crew individually, in this article I would like to view the requirements faced by the yacht owner themselves, I feel this is a very important prism to look through since many captains have been asked by their yacht owners to research payment options for the crewmembers....

11/01/2005 - Non-Resident Aliens Temporarily in USA
Dockwalk Magazine. Written by Tom Andrews of AvMar Accounting Services
Many crewmembers take for granted that their employer or Captain will fill them in on the nature of US tax law however the truth is most Captains and owners don't have a firm grasp on the filing requirements for nonresident alients....

10/01/2005 - Will the IRS find out if I have an offshore account?
Dockwalk Magazine. Written by Tom Andrews of AvMar Accounting Services
The answer is… Maybe!! So why take the chance. One of my goals when meeting with clients is to help clear up some of the misconceptions and rumors that make their way around the yachting industry....

07/01/2005 - Foreign Earned Income Exclusion
Dockwalk Magazine. Written by Tom Andrews of AvMar Accounting Services
One common topic in the yachting industry is the subject of how yacht crewmembers are to be taxed on their services. Having met and consulted many crewmembers in my practice I am continually amazed by the amount of American crewmembers who feel they are eligible to exclude a portion or all of their income under Section 911 of the Internal Revenue Code more commonly known as the Foreign Income Exclusion....