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Finance & Operations
Wednesday, July 1, 2015 (0 Comments - view/add) How should club management respond to an audit » Q: What are the most common issues addressed in the management letter following a club audit? How should management respon...
Wednesday, July 1, 2015 (0 Comments - view/add) Experts' Corner: Communicating Governance Deficiencies, Cyber Insurance, Leveraging Technology » Q: What are the most common issues addressed in the management letter following a club audit? How should management respon...
Wednesday, April 1, 2015 (0 Comments - view/add) Expert's Corner: Finances and Proper Governance » Q: What are some key best practices related to conducting accurate pricing comparisons on club supplies? A: It...
Wednesday, April 1, 2015 (0 Comments - view/add) Earning Power: An In-depth Look at Executive Compensation in the Club Industry » A major portion of a club’s total operating revenue goes to payroll—about 55 percent at the median. Extensive analysis of...
Sunday, February 1, 2015 (0 Comments - view/add) How to Create a Buzz for Capital Projects: A Bird's Eye View » Who would have expected that a drone buzzing around the club could play a key role in earning membership’s support for a m...
Thursday, January 1, 2015 (0 Comments - view/add) Bankruptcy: Opinion Illuminates Club Membership Issues » In October 2014, the United States Bankruptcy Court for the District of New Jersey handed down an opinion that involved a...
Thursday, January 1, 2015 (0 Comments - view/add) Experts' Corner: cost of ownership, fraud, and fitness centers » Q What is total cost of ownership and how is it calculated? A When comparing product options to purchase, it is...
Thursday, January 1, 2015 (0 Comments - view/add) Calculating Total Cost of Ownership: Experts' Corner » Q What is total cost of ownership and how is it calculated? A When comparing product options to purchase, it is...
Thursday, January 1, 2015 (0 Comments - view/add) How can I prevent expense reimbursement fraud at my club? » Q How can I prevent expense reimbursement fraud at my club? A Expense reimbursement is just one of many areas i...
Monday, December 1, 2014 (0 Comments - view/add) The Top 10 Mistakes that Clubs Make: Costly Financial Decisions » Clubs strive to be the best they can in providing the highest quality of services to their members. In this pursuit of per...
Wednesday, October 1, 2014 (0 Comments - view/add) Budgeting Capital Expenditure (CAPEX) Funds: Experts' Corner » Q: I always seem to be caught between budgeting Capital Expenditure (CAPEX) funds for a possible emergency and losing any...
Wednesday, October 1, 2014 (0 Comments - view/add) Business and Marketing for Club Success » Simple Business Goal: Providing and marketing a high-quality club product that members value, join and use so revenues exc...
Wednesday, October 1, 2014 (0 Comments - view/add) Pulse Survey Summary » Club Trends Fall 2014
Monday, September 1, 2014 (0 Comments - view/add) IRS and TARS: New Accounting Regs for Repairs » Final Tangible Property Regulations (TARS) are here after a near decade-long production. Commonly called “repair regulatio...
Tuesday, July 1, 2014 (0 Comments - view/add) How clubs are dealing with new regulations to pension plans and low interest rates » Q. Regulations governing annual contributions to pension plans combined with low interest rates have caused clubs with def...
Wednesday, January 1, 2014 (0 Comments - view/add) Trends Matter to Members: Daring to Innovate » One definition of insanity is doing the same thing over and over and expecting different results. We in private clubs are...
Sunday, December 1, 2013 (0 Comments - view/add) Credit Card, Cash or Club Charge? The Best Fit for Private Clubs » During my recent travels to different private clubs, I found there was one question many clubs had in common: What is the...
Sunday, December 1, 2013 (0 Comments - view/add) Avoiding Taxes on Holiday Gifts to Employees » As the holiday season approaches, NCA reminds club members and officials to be aware of Internal Revenue Service (IRS) rul...
Friday, November 1, 2013 (0 Comments - view/add) As the Holidays Approach: Review Holiday Pay Practices: Federal, State and Internal Club Rules » It is that time of year again when clubs, like many businesses, move to holiday schedules. As always, it is important to d...
Tuesday, October 1, 2013 (0 Comments - view/add) The Private Club Foundation: A Charitable Legacy » Philanthropy in the United States, which exists in many forms, has seen substantial growth since the 1980s. Guidestar list...
Tuesday, October 1, 2013 (0 Comments - view/add) Tips for Navigating the Broker Process: Optimizing Your Club's Commercial Property Insurance » Commercial property and casualty insurance premiums are usually significant expense items in a club’s budge...
Thursday, August 1, 2013 (0 Comments - view/add) Golf Course Maintenance: How Much Should You Spend? » The industry debate over how much a club should budget to maintain its golf course seems never-ending, and that’s understa...
Monday, July 1, 2013 (0 Comments - view/add) Property Tax Assessments for Private Clubs: Key Issues to Consider » It's often been said that you can’t fight your taxes; you can only fight your assessment. Therefore, it takes an...
Tuesday, April 2, 2013 (0 Comments - view/add) The Club Business Model: Realities of Revenue in a Private Club » In any business, strategic leadership demands consideration of one essential question: How can we deliver value to our cus...
Monday, April 1, 2013 (0 Comments - view/add) Experts' Corner: The Audit Committee & Nonmonetary Trends in GM Compensation » Q What is the fiduciary role of the audit committee in a private clubs? A &nb...
Monday, April 1, 2013 (0 Comments - view/add) What is the fiduciary role of the audit committee in a private clubs? » Q What is the fiduciary role of the audit committee in a private clubs? A It is the aud...
Tuesday, January 1, 2013 (0 Comments - view/add) The Curse of Refundable Memberships: Tactics to Ward off the Effects in a Declining Economy » Refundable memberships can be important tools for club development and membership growth, particularly early in a club’s l...
Tuesday, January 1, 2013 (0 Comments - view/add) Internal Controls & Fiduciary Responsibilities » Q How important are separation of duties and strong internal controls in a club environment that does not handle cas...
Tuesday, January 1, 2013 (0 Comments - view/add) Separation of duties and strong internal controls in a club environment » Q How important are separation of duties and strong internal controls in a club environment that does not handle cas...
Thursday, November 1, 2012 (0 Comments - view/add) Spirit of Giving: Employee Gifts and Taxes » With the holiday season underway, many clubs may be planning on giving gifts to their employees. Clubs should keep in mind...
Monday, October 1, 2012 (0 Comments - view/add) Financial Ratio Analysis & Private Club Operations: Tracking the Financial Health of Clubs » Private clubs are mission driven—serving members is the primary goal. Accordingly, club operations and expenditures are di...
Wednesday, August 1, 2012 (0 Comments - view/add) Increased Attention on 941/940 Audits by the Internal Revenue Service » The private club industry is likely to see more 941/940 audits by the Internal Revenue Service (IRS). The IRS has recently...
Sunday, July 1, 2012 (0 Comments - view/add) A Capital Idea: Club Facility Improvements » As the economy rebounds, clubs are moving into an area of distinct opportunity, and, for the first time in a long time, so...
Sunday, January 1, 2012 (0 Comments - view/add) Fighting Fraud » Tough economic times can bring out the best and the worst in people. While everyone would like to believe that all employe...
Sunday, January 1, 2012 (0 Comments - view/add) Combatting Commodity Increases: Ways to Save in the Restaurant » Even though the American economy is slow to rebound, some products have seen sharp price increases in the past year. In pa...
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