FTC Issues Consumer Alert on Franchising Myths for Potential Investors

The FTC recently issued a consumer alert on the five most troubling myths about investing in a new franchise.  Potential franchise investors should consider these myths when evaluating potential investments. 

2024-05-30T13:34:00-04:00June 29, 2023|Categories: Business Advisory, Franchise, Hospitality, Restaurants|Tags: |

Updated UBTI Expense Allocation Method for Social Clubs and Tax-Exempt Organizations

Final IRS regulations will require most social clubs and tax-exempt organizations to rework their unrelated business taxable income worksheets to avoid using an outdated expense allocation method.

2023-12-07T14:47:54-05:00June 27, 2023|Categories: Hospitality, Private Clubs|Tags: |

Latest Edition of Clubs in Town & Country Reveals Club Trends

Download our 2021 benchmarking report which reveals future trends impacting country and city clubs including club revenue, expenses and cybersecurity issues.

Club Philanthropy: Guidelines for Employee Assistance and Scholarship Funds

The use of an “Employee Hardship and Disaster Relief Fund Program” is one way to get money donated by members out to employees quickly and tax-free. This article explores the eligibility requirements clubs need to meet to ensure the funds can qualify as tax-exempt distributions,

2021-10-28T15:44:27-04:00October 28, 2021|Categories: Hospitality, Private Clubs|Tags: , , |

The Members Are Back … What About the Employees?

The unemployment rate for leisure and hospitality, 10.1 percent, is nearly twice the national average. However, there are Help Wanted signs everywhere and a bountiful number of job postings. How are private clubs responding to this challenge?

2021-07-27T16:47:44-04:00July 27, 2021|Categories: Hospitality, Private Clubs|Tags: , |

How Private Clubs Can Claim the Employee Retention Credit When Restrictions Are Lifted

Most state and local governments have been lifting COVID-19 restrictions, leaving club management wondering how and if they still qualify for the ERC, especially in the quarter that restrictions are lifted.

Club Philanthropy: Typical Club Foundations

While many clubs have gifting programs that are not tax advantaged, this article focuses on some typical club foundations that provide an incentive to their members to get involved in various initiatives that qualify for favorable tax treatment by the IRS.

2021-06-23T12:53:10-04:00June 24, 2021|Categories: Hospitality, Private Clubs|Tags: , , |

American Rescue Plan: What Does It Mean?

The American Rescue Plan Act (the Act) s provides a number of items to help aid economic recovery out of the coronavirus pandemic. Read on for a summary of the Act's provisions.

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