Tri Star Sports & Entertainment Group - West Hollywood, CA
posted 16 days ago
About the position
Tri Star Sports and Entertainment Group is a renowned business management firm serving high net-worth clients in the sports and entertainment industry. Tri Star provides comprehensive financial and advisory services including accounting, tax, tour management and wealth preservation strategy. We foster a culture of professionals who are committed to super serving our clients and their trusted advisors. Tri Star seeks to employ innovative methods to provide the highest level of accounting and business management services. We create a financial foundation and path to sustain growth and stability which allows our clients to focus on their fullest professional and personal goals.
Responsibilities
- Provide clients with superior customer service and assist in problem resolution.
- Process and monitor necessary tax documentation and applications.
- Maintain up to date knowledge of tax trends, specifically relating to tax rules for airline expenses.
- Collaborate with the business management and family office team to support various tasks relating to tax and asset management.
- Keep meticulous records of flights and expenses related to business activities on behalf of clients.
- Calculate eligible depreciation amounts and ensure compliance with the IRS guidelines.
- Inform tax accountants of FET rates and indirect tax as it relates to private jets.
- Identify eligible activities and expenses that qualify for federal tax credits from private jet owners.
- Research the availability of state tax credits on behalf of clients.
- Conduct market research and analyze aviation data and trends to monitor aircraft market values, listings, and sales to identify trends and opportunities.
- Maintain accuracy of data in the aircraft values database.
- Regularly share market insights as it relates to private jet transactions.
- Examine FAA documents for aircraft ownership and transaction history.
- Contribute to client deliverables such as providing presentations, reports, comparisons, financial models, and tax credits.
- Identify potential business expenses and tax deduction opportunities on behalf of clients.
- Liaise with third party private jet companies, pilots, and/or staff on behalf of clients, as directed.
- Ensure Broker Rules compliance, adhering to DOT regulations on behalf of clients.
- Remain well-versed on Standard Industry Fare Levels (SIFL)
Requirements
- Ability to reliably commute and report to the Tri Star office.
- Previous experience providing tax services in the asset management or private jet industries, required.
- BS in Accounting, Finance, or related field highly preferred.
- Experience using CCH, QuickBooks and Excel required.
