Paycheck Checkup: The IRS Encourages Taxpayers to Review Withholdings

April 17, 2018: Tax day in the United States has come and gone. Individual taxpayers have filed all of their paperwork, and have either paid up the amount owed to…

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Is the Lodging Industry Ready for a 12th Edition of USALI?

The 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI) went live on January 1, 2015.  This edition presented multiple updates such as changes to the…

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What to Expect: New Changes Coming to Lease Accounting Standards

Written By: Chris Garland, CHAE The upcoming revision to lease accounting standards was one of the topics discussed by the HFTP Hotel Advisory Council in their February 2018 meeting. The…

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HFTP 2018 Compensation & Benefits Survey

Compensation and Benefits… An Important Combination When Attracting and Retaining Talented Staff

Figuring out the right combination of compensation and benefits is the key to attracting and retaining top talent within your organization. Since 2002, the HFTP Americas Research Center has been…

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Exploring the GHACP: A Valuable Resource for Hospitality Finance Professionals

HFTP has developed a unique resource for the hospitality industry — the Global Hospitality Accounting Common Practices (GHACP). The GHACP is an online resource and guide for hospitality industry accounting…

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The Advisory Advantage: Help Other Professionals Get CHAE or CHTP Certified

Written By: Robin Bogdon, HFTP certification manager Your experience can make a difference! If you are an active CHAE or CHTP designee, you can apply to become an advisor to…

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Are You Ready for the New Revenue Recognition Accounting Standards?

By Chris Garland Revenue recognition standards have been converged and are now changing for both IFRS (IFRS 15) and US GAAP (ASC 606-10) beginning in 2018. US GAAP will allow…

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Online Travel Agencies and Occupancy Tax: A Proliferation of Lawsuits

By Amanda Belarmino Online travel agencies (OTAs) such as Expedia and Booking.com are the channel of choice for approximately 14 percent of all hotel bookings in the United States. Typically,…

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Global Hospitality Accounting Common Practices (GHACP)

Answers found in the GHACP Database: Congratulations, you recently started a new position as director of finance at a resort in a remote tropical paradise. You decided you were ready…

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Chapter Events – December 1-15

Here is a look at the events our chapters have planned for the first half of December. December 1, 2016 Central Virginia Chapter 6:30 p.m. | Location TBD Holiday Celebration For further…

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