Mother Nature’s wrath can be manifested in any size, shape or form. Whether it be from hurricanes, tornadoes, earthquakes, snowstorms, fires, or floods, the impact of a natural disaster can be immeasurable, and impact the hospitality industry greatly.
Unfortunately, it is oftentimes only after a disaster strikes that management begins to think about a disaster plan. The stakeholders, including management, vacationers, residents, and owners alike, are left thinking “what could we have done differently?”
In this guide, you’ll learn how to create a disaster plan, prepare for business continuity in the event of a disaster, managing the aftermath, and more!
Download the Guide
For decades, some tax advisors viewed First-Time Abate (FTA) relief as a one-time administrative benefit — valuable enough that some taxpayers intentionally chose not to use it for relatively small penalties in order to preserve it for a more significant issue later. That strategy may soon disappear. In a significant administrative shift, the IRS announced…
The State of Florida updated the laws governing Structural Integrity Reserve Studies (SIRS) through House Bill 913, effective July 1, 2025. These changes aim to alleviate some financial pressure on associations while maintaining the state’s long-term building-safety goals. Here’s what you need to know, explained simply, without legal jargon. What the Update Did Do 1….
Effective July 1, 2026, New York City is enacting a surcharge on high-value, non-primary residences within New York City as part of Governor Kathy Hochul’s budget. The pied-a-terre tax, as it is commonly referred to, affects one, two and three family dwellings exceeding a specified value (see below) and are not used as a primary…
