McGregor Financial Services LLC, the Gold Standard in Tax Compliance, Entity Structuring, International Taxation & Accounting.
Pick a starting point — we’ll tighten the posture and control the risk
These are the reviews owners choose when they want defensible decisions, clean documentation, and fewer surprises later.
Owner–Vessel Fund Separation Validation
Because commingling becomes a story — and stories become problems.
- Fund-flow map that’s easy to explain (and defend)
- Owner vs vessel payment rules + reimbursement protocol
- Agency/authority documentation gaps flagged early
- “Do this / don’t do this” operating rules for managers/bookkeepers
Crew Classification & Payroll Risk Assessment
Misclassification isn’t “oops.” It’s back-tax, penalties, and ugly cleanup.
- W-2 vs contractor exposure flagged with clear reasoning
- Risk-ranked correction plan (calm, not reactive)
- Payroll cleanup roadmap + provider coordination outline
- Priority list of what to fix first (highest impact)
Multi-State Charter & Sales Tax Exposure Map
This is the “we didn’t know” category that shows up later with penalties.
- State-by-state exposure map based on activity
- Filing priority matrix (what matters first)
- Charter documentation standards to prevent leakage
- Go-forward compliance strategy you can actually run
Accounting System Defensibility Setup
If the books can’t tell the story, they can’t defend the story.
- Defensible chart of accounts + categorization rules
- Expense substantiation standards (what to keep, how to label)
- Owner-use vs business-use framework to avoid drift
- Year-end readiness checklist (no chaos, no scramble)
Pre-Charter / Pre-Refit Tax Readiness Brief
Most expensive mistakes happen before the invoices hit the inbox.
- Written “do this / don’t do this” advisory memo
- What qualifies vs what doesn’t (based on your facts)
- Documentation required before money moves
- Timing traps that can wreck otherwise good plans
Banking, AML & Payment Flow Review
Banks shut accounts fast. Clean payment behavior prevents it.
- Payment approval framework that scales
- Vendor documentation checklist to satisfy scrutiny
- Fund flow behavior review (reduce avoidable red flags)
- Bank-safe operating procedures for the team
IRS & Audit Exposure Readiness File
If a question shows up, you want a calm response — not a scramble.
- Substantiation checklist + narrative outline
- Exposure priorities ranked by impact
- “If asked, here’s how we explain it” file
- Documentation gaps identified before they matter
Ongoing Compliance Oversight
Because risk is dynamic — new activity creates new exposure.
- Quarterly exposure reviews and posture checks
- New activity risk checks before decisions lock in
- Coordination with managers and other providers
- Annual refresh of the exposure report
“In America there are two tax systems, one for the informed and one for the uninformed. Both systems are legal.”
Tax News
McGregor Financial Services (MFS) provides specialized tax preparation services for yacht crew, marine businesses, and owners. Whether you need help filing a 1040 form, 1099 form, 1099-NEC, or W-2/W-9 tax form, our team simplifies the process of efile tax returns, income tax planning, and payroll tax management.
Clients searching for a “tax preparer near me,” “CPA near me,” or “tax services near me” rely on MFS for accurate filing, compliance with the Internal Revenue Service (IRS), and guidance on everything from capital gains tax, inheritance tax, and property tax to self-employment tax and small business accounting.
We support marine professionals and small businesses with paycheck calculators, payroll calculators, sales tax calculators, federal income tax calculators, and refund tracking tools, ensuring that tax season is stress-free. Whether you’re dealing with an amended tax return, franchise tax board notices, excise tax, estate tax, or federal withholding tax, our advisors deliver clarity and compliance every step of the way.
Why MFS?
“ MFS was founded to reintroduce practicality to accounting in the Marine Industry, despite the overwhelming presence of technology.
We believe in maintaining the highest standards of integrity while offering personalized, reliable financial solutions that truly serve our clients' needs, ensuring they can navigate their financial futures with clarity and peace of mind.”
Founder | CEO | Enrolled Agent
USA | Federally License| All 51 States
Our Values
Featured Blogs
-
![A folder with the words 'One Big Beautiful Bill' on it, placed on an American flag.]()
The One Big Beautiful Bill That Could Save Yacht Crew Thousands—If You Start Your Taxes Early
The U.S. tax system just got a major overhaul with the passing of the One Big Beautiful Bill on July 4, 2025—bringing new benefits for working-class professionals like yacht crew. But these tax breaks only pay off if you plan ahead. In this post, we break down two common financial paths crew take—and how each decision can impact your future under the new law.
-
![]()
How Rising Business Security Costs Could Impact Your 2025 Taxes
Rising security and cybersecurity costs may affect how small businesses deduct expenses, depreciate assets, and report executive benefits on 2025 tax returns.
-
![A young man and woman in white shirts stand on a boat, looking out at a marina with boats and lighthouse in the background.]()
Top Tax Deductions For Yacht Crew Members
Yacht crew often spend heavily on work-related costs—but many of these expenses are tax-deductible. Discover the top deductions that could lower your taxable income and boost your refund.
-
![Two women sitting at a table engaged in a discussion, one is reading from a piece of paper and the other is holding a cup of coffee.]()
How Financial Anxiety Impacts Mental Health Onboard: A Crew Member's Story
Behind the polished crew uniforms and picturesque ports, many yachties silently struggle with financial stress and emotional burnout. This blog explores the real-life challenges behind the lifestyle, and how financial awareness, therapy, and community support can lead to lasting change.
-
![]()
Do Yacht Crew Pay US Taxes in 2026? A Global Guide for Yachties & Superyacht Crew
