CLUBS ARE CONTINUALLY looking to engage their membership with fun programs and activities, while also being relevant to prospective members who desire a club experience that fits in with today’s societal lifestyle. A goal for many clubs should be to offer an experience that members will
The Internal Revenue Service (IRS) has released Interim Guidance with respect to the business expense deduction for meals and entertainment in the aftermath of the Tax Cuts and Jobs Act (the Act), an Act which significantly reduced deductions for expenses related to entertainment, amusement and
For the last year, NCA has been educating its members about the National Labor Relations Board (NLRB) and its impact on the private club industry. This five-person federal agency has issued numerous regulations and rulings that have significantly hurt private clubs by strengthening unions and
Golf industry decision makers from across North America—including architects, golf course owners, operators, managers, professionals and superintendents—recently gathered at Longleaf Golf & Family Club and Pinehurst Resort for the American Society of Golf Course Architects (ASGCA) Foundation event, From Tees to Green: A Symposium on
AT LAST YEAR’S annual National Club Conference in Los Angeles, Calif., VIP attendees became special guests at the Academy of Magical Arts, a premier private club for magicians. Under the leadership of President & CEO Henry Wallmeyer, NCA has recognized the challenges brought about by an
A CLUB’S AMENITY MIX makes a difference. Clubs with expanded offerings command higher initiation fees and attract more members. The yellow slice in the pie charts below represent the percentage of fixed operating expense allocated to non-golf sports and recreation (i.e., racquet sports, fitness, aquatics).
COMPUTING the unrelated business income tax of tax-exempt organizations, including social clubs, has become increasingly complex. Simply stated, among other things, the recently enacted Tax Cuts and Jobs Act (Public Law 115-97) (the Act) provides that losses from one unrelated trade or business may not be
FOR THE PAST 15 YEARS, leaders of the private club industry have gathered from across the country at the National Club Association’s (NCA’s) National Club Conference to learn about the most important issues and best governance practices impacting clubs. The Conference presents a unique opportunity for
ON NOVEMBER 6, Americans went to the polls in record numbers to vote in the first midterm election of the Donald Trump presidency. The result was a split in the control of Congress and, likely, a long next two years for the private club industry’s priorities.