Club Management in the Era of Covid-19: Cash Flow Challenges

The rapid spread of Covid-19 has sparked a health and economic crisis affecting most industries worldwide. In the hospitality industry, the impact has been particularly sudden and severe.

2020-07-21T11:08:51-04:00July 21, 2020|Categories: Hospitality, PBMares COVID-19 Insights, Private Clubs|Tags: , , |

Coronavirus FAQs for Tax-exempt Clubs

The good news at this point in the coronavirus news cycle is that we’re becoming accustomed to rapid change and a new normal of business operations, or lack thereof. As the saying goes, the devil is in the details.

2020-06-01T14:45:34-04:00June 1, 2020|Categories: Hospitality, PBMares COVID-19 Insights, Private Clubs|Tags: , |

Non Member Revenue Reporting Requirements

At the end of last year, many clubs received the exact same form letter from the IRS, Letter 6176 (4-2019) Catalog Number 72211B.  The letter appears to have been generated by the IRS and sent to many  501(c)(7) exempt organizations reporting nonmember income regardless of the nonmember percentage of gross receipts. 

2020-05-28T14:29:00-04:00May 28, 2020|Categories: Hospitality, Private Clubs|Tags: , , |

COVID-19 Offers Opportunity to Give Back to Club Employees

Members join clubs for a variety of reasons, including golf, entertainment and networking, and in doing so, they become part of a close-knit community. 

2020-05-06T15:37:23-04:00May 6, 2020|Categories: Hospitality, PBMares COVID-19 Insights, Private Clubs|Tags: |

New Proposed Regulations for UBTI Will Impact Private Clubs

How could a change in the tax law passed in 2017 have a substantial impact on clubs today? Given the recent business disruptions caused by the coronavirus, unrelated business income might not seem like a big deal.

2020-04-30T12:57:59-04:00April 30, 2020|Categories: Hospitality, Private Clubs|Tags: , , , |

What Taxable Clubs Should Know About the CARES Act

Springtime normally signals the start of the busy season for country clubs. Golfers eager to take advantage of nicer weather and club members who enjoy other facility amenities will have to wait longer.

What Tax Exempt Clubs Should Know About the CARES Act

There is so much information out there, and it’s changing regularly, on the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). 

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