The Security and Exchange Commission (SEC) requires the top seven (7) executives in a publically-held company to be accountable to the shareholders for the incremental cost to the organization for their personal use of the company-owned aircraft. The incremental cost by executive is a required disclosure on the proxy statement.
FTS tracks and reports the incremental cost by executives for their personal use of company aircraft for SEC disclosure purposes. The SEC report is an ideal complement to FTS’s reporting capabilities, enabling users to benefit from an all-inclusive and comprehensive tax reporting solution for their company-owned aircraft.
