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: , , |

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.

Fighting Cyber Risk at Clubs

Ask any security expert and they will tell you that it’s not a matter of “if”, but “when” your organization will suffer a cyberattack.  And while you might think a Country Club isn’t a huge target for hackers, the reality is that no organization is safe anymore, particularly smaller entities.

2020-01-23T13:19:56-05:00January 23, 2020|Categories: Cybersecurity, Hospitality|Tags: , , |

Respecting and Revering Board Members’ Duties

No matter what type of board you serve, two major responsibilities are in order: to serve as a dutiful member and to raise future board members. While many board members are very successful in their own careers, the operation of a club is a different animal all together.

2019-10-17T08:22:12-04:00October 17, 2019|Categories: Hospitality|Tags: , , , |