Jed R. Wolcott is a Certified Public Accountant and President of Wolcott & Associates, P.A., a CPA firm with a practice limited to aviation and aviation-related companies. He also owns and publishes Flight Tax Systems, an aviation tax software company. Mr. Wolcott is originally from Michigan and graduated from Marmion Military Academy in Aurora, Illinois. He attended Ohio State University and received a Bachelor of Science degree from Franklin University. He received a Master of Business Administration degree from the University of Dayton in 1974.
Mr. Wolcott is a licensed pilot and his experience includes corporate officer positions with major fixed base operators, regional commuter airlines, and CFR Part 135 charter operators. As Chief Financial Officer, in 1981 Mr. Wolcott helped found Northeastern International Airlines, a post-deregulation Part 121 airline. At its peak the airline was operating 16 commercial aircraft to 21 cities, grossing $250 million, serving 1.9 million passengers annually. Mr. Wolcott left the airline in 1984 and after serving as the Senior Vice President and Chief Financial Officer of a regional airline, he formed Wolcott & Associates, P.A.
Wolcott & Associates, P.A.'s client base includes aircraft owners, flight departments, airlines, charter operators, and commercial pilots. The firm has been accepted as the lead accounting firm for airline and aviation bankruptcies, and Mr. Wolcott has testified as an expert witness in aviation accounting and finance matters. The company's client base extends to the Caribbean, Central and South America, Europe, and the Middle East. Mr. Wolcott is a member of the National Business Aviation Association Tax Committee and speaks regularly at NBAA Tax Conferences and Tax Forums.
In addition to being one of the most recommended aviation tax and accounting firms in the nation, the firm has been accepted as the lead accounting firm for airline and aviation bankruptcies, and Mr. Wolcott has testified as an expert witness in aviation accounting and finance matter. Mr. Wolcott is a member of the National Business Aviation Association Tax Committee and speaks regularly at NBAA Tax Conferences and Forums, AOPA Summits and other aviation tax meetings.