Blog Posts

Up to 100% Tax Deduction For Boats Used in “Shared Access”

Posted by Joe Schmitt on

Up to 100% Tax Deduction For Boats Used in “Shared Access”

  Thanks to the Tax Cuts and Jobs Act (TCJA) passed in December 2017, boats that are used 50% or more of the time for business can be deducted in 2020 up to 100% from your income. This tax law meshes perfectly with BoatTEST’s program of shared access, designed to make boating more affordable for both owners and users. Owners of new-or-late model boats placed in the program before December 31, 2020 can deduct up to 100% of the cost of a boat, depending on the percentage of business usage. BoatTEST’s program is turnkey for new boat owners: we market,...

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5 Good Habits For Every SWFL Boater

Posted by Joe Schmitt on

5 Good Habits For Every SWFL Boater

Of course most boating guidelines focus on safety, and rightly so, but so much of the fun boating brings comes from the camaraderie we build as a community. Each time you take your boat out, you have a chance to make that particular day on the water more enjoyable for yourself as well as other boaters around you. Here are some obvious and not-so-obvious things to remember on your next outing.    Pass Don’t PlowWhen you’re on plane and need to maneuver around or between a group of boats, it’s common sense to slow way down to minimize your wake...

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Review

Posted by Joe Schmitt on

Review

  You may need to be a boater to appreciate this. Z-Tuff took the labor out of Labor Day. You don’t know how much scrubbing Z-Tuff saved.    Great job,  Brian Fox.  Amazing product! Before and after, no scrubbing! Now can you invent something to make MY life easier!   -Joel Rutzen 

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Happy boaters: Dealers re-focus on customer service as buying frenzy continues

Posted by Joe Schmitt on

Happy boaters: Dealers re-focus on customer service as buying frenzy continues

  Boating is in, in a big way this year. With articles in national and international publication such as the New York Times, Fox Business and the Associated Press, it’s clear that boating is the activity of choice in lieu of family vacations and other activities cancelled by the COVID-19 pandemic. One writer in a recent article in Fortune said, “The Jersey Shore’s empty boatyards bear witness that locked-down leisure-seekers are making outings on our canals, creeks, and rivers the new jaunts to Disney World or Paris.” Not only are dealers selling boats and personal watercraft like hotcakes, but the...

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A Banner Year for Boating

Posted by Joe Schmitt on

A Banner Year for Boating

Boat News “2020 Has Been a Banner Year”    Powerboat retail sales were up 8 percent year-to-date compared to a year ago, on a seasonally adjusted basis, according to new data from the National Marine Manufacturers Association. Though powerboat sales slowed in August following massive increases in the early summer months — total sales were down 13 percent compared to July — sales are still strong with increases across all major categories year-to-date, according to the NMMA’s New Powerboat Registrations. Year to date, sales of PWCs, pontoons, and freshwater fishing boats were up 2 percent, 9 percent and 10 percent, respectively....

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