As discussed in the first article in this series, many clubs have established or are beginning to consider establishing a club-related foundation. The impetus for creating a foundation may be a member’s interest in making a substantial contribution (and receiving a tax deduction), a desire
The Club Director Reference Series of technical publications is the club industry’s most trusted source for tax, privacy, legal, financial and policy information. NCA members receive this resource when they join. The individual monographs listed below provide models on issues including how to establish bylaws and rules for clubs, committee and membership guidelines,
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
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
The food and alcohol delivery and to-go industries are booming and ever-changing to meet the desires of consumers. As a result, clubs are working overtime to keep up with these trends by offering ready-to-consume food and alcohol to-go or delivered right to members’ homes. However,
WHILE A LION’S SHARE of the National Club Association’s (NCA) work focuses on federal legislative and regulatory policy matters affecting private clubs, that is not our only task. We also join the fray when it comes to state legislative and regulatory issues that work against
Continuing our work to defend the private club industry, the National Club Association (NCA) has created a coalition of clubs, state leaders and a local lobbying firm, to combat a Montgomery County, Md., bill that would dramatically increase the property tax assessments of clubs in
Over the last several months, NCA has been fighting alongside Montgomery County, Md., clubs to fight a newly proposed assessment bill that would dramatically increase the property tax rates for club land throughout Montgomery County—and possibly the entire state. Currently, Maryland clubs have the opportunity