An Inside Look at Club Summit 2021: Highlights from HFTP’s Return to In-Person Professional Development

After a year like 2020, it was impossible to predict what a return to in-person events would look like in 2021. The Club Summit was HFTP’s opening number, a sold-out event in stunning southern Florida that promised two days of…

U.S. Department of Labor Releases Model COBRA Premium Subsidy Notices

Written by: Brad Steele, J.D. Under the U.S. American Rescue Plan (ARP), clubs must now pay COBRA premiums for employees involuntarily terminated or who lost health insurance due to a reduction in hours. The good news is clubs are entitled…

Destination Club Summit: Meet Up in May for an Advanced Learning Experience

The greatest advantage of attending a professional development conference like HFTP’s Club Summit is the vital opportunity to assemble with a high-level group of club professionals and industry experts, and directly address the topics that are most compelling and important…

The U.S. American Rescue Plan and Its Impact on Clubs

Written by: Brad Steele, J.D. With the passage of the American Rescue Plan (ARP), Congress has changed some programs that have been extremely important to clubs. The good news is these changes will provide additional support for club leaders. The…

The FUN-damentals of Club Budgeting: Best Practices for the Operating Budget

This blog post recaps best practices that positively impact how a club approaches its operating budget. It is based on the HFTP webinar from January 21, 2021 titled “Club Budgeting and FUN-damentals.”

What Happened at Club Forum: Unpacking the Greatest Challenges for Clubs in 2020

This year, the HFTP Club Forum served as an invaluable opportunity for clubs across the United States to virtually come together and discuss the challenges that have unfolded throughout the course of this year, how they are planning ahead for 2021, and what they…

Watch Your Step: Ethical Pitfalls for Today’s Clubs to Avoid

Written by: Daniel Conti Jr., CHAE, CAM The Covid-19 pandemic has placed a lot of financial pressure on clubs around the country. Many have experienced a shortfall in expected revenues. Club leadership has had to make difficult decisions on how…

Club Reopening: What Are the Legal Issues?

Written by: Brad Steele, J.D. With club leaders, staff and members in the United States all anxiously awaiting the go-ahead from state officials to reopen, the question every club leader should be asking is, “How do I open without exposing…

Silos and the Social Club

Written by: James J. Reilly, CPA, JD Albert Einstein is quoted as saying that “[t]he hardest thing in the world to understand is the income tax.” Well, the computation of taxable income is getting harder, especially for tax-exempt social clubs. An…

Social Clubs and Coronavirus: Tax View on Qualified Disaster Payments, Part 2

Written by: James J. Reilly, CPA, JD In March 2020, HFTP published a TaxViews article entitled “Social Clubs and the Coronavirus Pandemic,” where we discussed Qualified Disaster Payments pursuant to Internal Revenue Code (“IRC”) Section 139. The coronavirus pandemic was…