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). 

How the CARES Act Helps Non-Profits

The Senate and the House of Representatives have both passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  The bill provides $2.2 trillion of Federal funds to keep the economy functioning.  But what is in the law to aid Non-profits?

2020-04-13T14:43:25-04:00March 28, 2020|Categories: Not-for-Profit, PBMares COVID-19 Insights, Private Clubs|Tags: , |

Tax Consequences for Tax-Exempt Social Clubs

While a club may be tax-exempt, it may be subject to tax on its unrelated business activities.  Read on to learn more as well as to download PBMares' “Member Function Questionnaire” for help in gathering the information required by the IRS.

The Impact of Nonmember Revenue on a Club’s Bottom Line

Nonmember revenue can help advance, and impede, club growth. As the club industry continues to evolve between private member-owned clubs and public ones, the majority remain member-owned, focusing on the member’s experience rather than on public consumption. However, board of directors or governors of clubs are trying to fund operations without raising members’ dues while trying increase club use by nonmembers through offering nontraditional activities.

2019-07-01T13:50:09-04:00November 1, 2018|Categories: Hospitality, Private Clubs|Tags: , , |

Attract New Members with Fitness Facilities

Today’s successful club offers more than just a club; it offers a lifestyle. Clubs have evolved from the traditional model in an effort to attract the new generation of members. Along with more family oriented environments and relaxed dress codes, one of the ways clubs have tried to deliver that desired lifestyle and attract those members is to add or expand on their wellness/fitness facilities.

2019-01-25T13:35:54-05:00October 1, 2018|Categories: Hospitality, Private Clubs|Tags: , , |