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clubs and tax-exempt organizations to rework their unrelated business taxable income worksheets to avoid using an outdated expense allocation method.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: |

Businesses Already Strained by COVID-19 Should Prepare for Hurricane Season

Coming off the heels of the pandemic, sectors such as insurance, real estate, hospitality and healthcare are particularly vulnerable this hurricane season. To help understand the risks, we take a look at how different industries can prepare for such a catastrophe – before it hits.

2022-09-29T13:15:28-04:00July 22, 2022|Categories: Construction and Real Estate, Healthcare, Hospitality|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: , , |

IRS Issues Employee Retention Credit Gross Receipt Exclusion Procedure

Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.

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: , |
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