Destination Club Summit 2022: See You in San Antonio for Advanced Club Strategies in March
The HFTP Club Advisory Council has been hard at work for the past few months on the HFTP 2022 Club Summit — planning a comprehensive educational agenda packed with the latest trends and information for clubs at a time when…
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…
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.”
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…
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…
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…
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…
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…
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…
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…