Yacht Management South Florida Inc.

As summer beckons and boating season kicks off, it’s time to prioritize safety on the water. Yacht Management South Florida emphasizes the importance of life jackets and other key safety practices for all boaters, whether newbies or seasoned captains. Four Pillars of Safe Boating: 1. Wear Life Jackets: Essential for every sailor, ensuring a snug fit for adults, infants, and pets alike. 2. Stay Sober: Operating a boat under the influence poses serious risks; stay alert for everyone’s safety. 3. Take a Safety Course: Enhance your skills and knowledge through boating safety courses, benefiting novices and experts alike. 4. Mind the Weather: Check forecasts and avoid hazardous conditions to minimize risks. Avoid These Hazards: - Boating under the influence - Anchoring in risky spots - Neglecting safety gear - Ignoring weather forecasts Join in Wear Your Life Jacket at Work Day on May 17 to promote responsible boating practices on social media. Safe Boating with Yacht Management South Flor...

  Benjamin Franklin once famously said, “In this world, nothing can be said to be certain, except death and taxes.” While escaping the former is impossible, some seek ways to mitigate the latter, often turning to unconventional living arrangements, like residing on boats. However, even in such maritime settings, tax obligations persist. So, the question remains: Must you pay taxes if you choose to live aboard a vessel? Indeed, tax responsibilities endure for liveaboard boat dwellers. Yet, within the realm of yacht management and financial services, strategies exist to navigate these obligations efficiently. Understanding the tax landscape for boat owners is essential, considering the various levies that apply: Sales Tax: Upon purchasing a boat, owners typically encounter a sales tax, often varying by state or locality. While federal sales tax doesn’t apply, state and local rates may differ, influencing overall costs. Use Tax: If sales tax isn’t paid during purchase, a use tax, base...