The single biggest expense at a club is payroll, consuming more than 50 percent of each operating income dollar spent. If a club cannot control its payroll and other related… more
Is your club’s tax-exemption at risk if it allows nonmember events to be held at your club?
The Club’s tax-exemption is not at risk provided that the club acted within the applicable federal tax law. For this answer, we refer to S. Rept. No. 94-1318 (1976),… more
What does it take to be a “well governed” club in the eyes of the IRS?
Clubs strive to be the best that they can be in providing services to their members. in this pursuit of perfection, club leadership is generally interested in not only what… more
How are clubs dealing with regulations governing annual contributions to pension plans combined with low interest rates?
Over the last decade, clubs that offer a traditional defined benefit plan have seen changes in both financial reporting standards as well as modification to pension laws governing the funding… more
How should a club structure financing of capital expenditures?
Clubs strive to have their operations at least break even each year, before depreciation, thus eliminating the necessity of end of year assessments to cover operating deficits. Club management must… more