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 to treat their employees while still being fiscally responsible. With…

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 my club to potential liability from someone alleging he contracted…

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 omen of the complexity on the horizon was contained in…

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 designated as a disaster on March 13, 2020 which permits…

Private Clubs and Moving Past COVID-19: Re-opening Considerations

Written by: Amber Stone, CPA Over the last month, clubs have been consumed with loan and grant applications, worst-case budgeting scenarios and trying to follow the daily legislative updates. As clubs settle into their new “normal,” they are left with a lot of uncertainty and the stress that comes with…

Attention, Clubs: Are All Your Plans in Place?

It is an indisputable fact that has stood the test of time — Planning is vitally important to success. In fact, Benjamin Franklin, a founding father of the United States, is credited as having once famously said hundreds of years ago, “By failing to prepare, you are preparing to fail.”…

Attendees to the 2019 Club Forum

HFTP 2019 Club Forum — Security, Integration and System Selection

Central to the function of all businesses – whatever their purpose may be – is technology. And so, HFTP recently held its annual Club Forum with the main topic of club technology. The HFTP Club Forum is a one-day program where club professionals gather for an in-depth seminar and interactive…

Technology as a Cultural Challenge in the Hospitality Industry

Written By: Laura Resco, official event guest blogger for the HFTP Club and Hotel Controllers Conference 2018 There is one idea that permeates the sessions at the 2018 Club and Hotel Controllers Conference, and it is that technology is ingrained in people’s lives. Be it the tech-savvy millennials or the…

Escaping the Nor’easter for the Inaugural HFTP Club Summit in New Orleans

Written By: Sarah Ford When I first learned HFTP® was hosting a new event called the “Club Summit” designed specifically for those of us in the club industry, I knew it was an opportunity I could not miss. When I discovered it was being held in New Orleans, Louisiana, I was…

Brand-New Club Summit: Reach for Success

In today’s digital age where almost anything you need to know can be found online, you may be asking yourself, “Why should I attend a professional development conference?” Professional conferences are just as important as ever today. The greatest advantage of a conference — like HFTP’s brand-new Club Summit — is the vital opportunity to assemble with a group…