Club Tax Expert Explains New IRS Guidance on Employee Social Security Payroll Tax Holiday

Written by: Brad Steele, J.D. Attention, clubs: on August 8, the United States President issued an executive order deferring a portion of your employees’ payroll taxes. This payroll tax holiday runs from September 1 to December 31, and only employees making less than $104,000 per year qualify. In that same…

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…

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…

Clubs in a Crisis — The Framework for a Strategic Response

Moderated by: Ray Cronin, Club Benchmarking While we could never have imagined the abrupt changes that have occurred due to the coronavirus pandemic, we have been expecting the economic winds to shift for some time. The period of time from 2009 until March 1st of this year has been the…

HFTP Hangout: So Many Federal Relief Benefits – But, What Is Best for Your Club and Employees?

Presented by: Brad Steele, Private Club Consultants During a frantic 14-day period in March, the United States Congress passed new laws to provide benefits and directives affecting U.S. businesses in response to the current pandemic. The U.S. federal government has passed three laws now to help businesses and employees, and…

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.”…

From the Expert: Learn How to Excel at Microsoft Excel

Written by: Bill Jelen, HFTP 2019 Annual Convention speaker I was recently having lunch with a club CFO. She explained to me that it was difficult to do year-over-year comparisons because each of their two golf courses had been closed for renovation. One was closed last year, and the other…

Club & Hotel Controllers Conference 2018: Count me in for 2019!

Written By: Laura Resco, official event guest blogger for the HFTP Club and Hotel Controllers Conference 2018 The Club & Hotel Controllers Conference was my first HFTP event, and I can assure you, it will not be my last! Each person involved in it went above and beyond to make…

The Importance of Academic Scholarships: Investing in Future Hospitality Leaders

Written By: Susan Savkov It is considered a commonly known reality that a college education can be a valuable gateway to a higher salary, an increased likelihood of employment, better job security, and even greater job satisfaction. Most people would say that a college degree is more crucial now than ever before…

The Tree-Hugging Concept: How it Relates to Trust and the Success of Your Club or Hotel

Written by: Monique MacKinnon Is it good to hug a tree? Yes! It has been proven that hugging a tree can benefit our mental and physical well-being. Since everything is about energy, can financial controllers positively influence their customers’ and stakeholders’ well-being in a similar way? Yes, they can — through…