Club Tax Book.

• Author: Fink, Philip R.
• Position: Book Review

by Mitchell L. Stump, CPA, is an essential resource for managers, controllers, treasurers and professionals serving the club industry. It discusses all of the tax issues and opportunities clubs face, including the advantages of using either employees or independent contractors to perform various duties, as well as accounting for employee tips. It also addresses the depreciation aspects of assets such as golf courses and marinas. There is an excellent discussion on obtaining and maintaining the club's tax-exempt stares, including the conduct of unrelated businesses...