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Spreadsheet Guide for SIFL and Entertainment Cost Limitation Calculations

Spreadsheet Guide for SIFL and Entertainment Cost Limitation Calculations

by Jed R. Wolcott, This guide describes how to construct and use a computer spreadsheet application for tracking SIFL imputed tax benefits and the American Jobs Creation Act entertainment cost disallowance limitations for the non-business use of company aircraft. The guide includes formulas for making the individual flight calculations, as well as tracking the flight data during the course of the year and totaling at year-end.


Price: $58.00

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Index of Topics:

In addition to the full-color examples, our guide includes the following suggestions for creating and using the spreadsheet:

  • OVERVIEW
  • INSTRUCTIONS FOR PREPARING AND USING THE SPREADSHEET
  • PREPARING THE DATA ENTRY SCREENS
  • SPREADSHEET FORMULAS
  • USE OF THE AIRCRAFT IN A MULTI-AIRCRAFT DEPARTMENT
  • CAUTIONS FOR SIFL CALCULATIONS
  • CAUTIONS FOR ENTERTAINMENT COST LIMITATION CALCULATIONS
  • SUMMARY

The spreadsheet guide is designed to be used in conjunction with the in-depth report titled "Personal Use of Company Aircraft." When the guides are used in conjunction with one-another, they provide a complete picture of the theory and rules. Through this, one can ascertain a practical approach for putting the rules in use and making the calculations for your company’s reporting needs and requirements.