IRS Issues Employee Retention Credit Gross Receipt Exclusion Procedure

Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.

The Members Are Back … What About the Employees?

The unemployment rate for leisure and hospitality, 10.1 percent, is nearly twice the national average. However, there are Help Wanted signs everywhere and a bountiful number of job postings. How are private clubs responding to this challenge?

2021-07-27T16:47:44-04:00July 27, 2021|Categories: Hospitality, Private Clubs|Tags: , |

Hanging on: 5 Ways that Hotels Can Survive the Pandemic Economy

With preserving liquidity and slowing cash burn top of mind for hotel owners and operators, the nominal investment in technology and reimagining of staffing has been an initiative for hotels in survival mode. Hotel operators need to make strategic decisions in these areas.

2021-07-14T14:41:13-04:00July 14, 2021|Categories: Hospitality, PBMares COVID-19 Insights|Tags: , |

How Private Clubs Can Claim the Employee Retention Credit When Restrictions Are Lifted

Most state and local governments have been lifting COVID-19 restrictions, leaving club management wondering how and if they still qualify for the ERC, especially in the quarter that restrictions are lifted.

Club Philanthropy: Typical Club Foundations

While many clubs have gifting programs that are not tax advantaged, this article focuses on some typical club foundations that provide an incentive to their members to get involved in various initiatives that qualify for favorable tax treatment by the IRS.

2021-06-23T12:53:10-04:00June 24, 2021|Categories: Hospitality, Private Clubs|Tags: , , |

American Rescue Plan: What Does It Mean?

The American Rescue Plan Act (the Act) s provides a number of items to help aid economic recovery out of the coronavirus pandemic. Read on for a summary of the Act's provisions.

SBA Releases Draft Application and Program Guide for Restaurant Fund

SBA releases draft application as well as a program guide for the Restaurant Revitalization Fund. Potential applicants should review the resources and prepare to apply.

Restaurant Revitalization Fund Is Coming – An Update on What We Know

The Restaurant Revitalization Fund is coming – SBA website soon to be operational – applicants should be ready.

Social Clubs Now Eligible for PPP Loans

The American Rescue Plan Act finally gives 501(c)7 Social Clubs the opportunity to apply for Payroll Protection Program (PPP) loans. But you better act fast because the funding for the second round of the PPP loans closes on March 31, 2021.

2021-04-22T15:06:05-04:00March 16, 2021|Categories: Hospitality, PBMares COVID-19 News|Tags: , , , |
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