5 Trends Predicted for the Lodging Industry in 2021

The way most of us view travel and vacations now is quite different in the aftermath of a global pandemic. While the popularity of Continue reading “5 Trends Predicted for the Lodging Industry in 2021”

How Are Limited Liability Companies Taxed?

LLCs are known as a Pass-Through Entity by default.

When a business has more than one owner and is not classified as Continue reading “How Are Limited Liability Companies Taxed?”

FIRPTA Withholding Amounts

The Foreign Investment in Real Property Tax Act (“FIRPTA”) is a tax law that was enacted in 1980 in the United States. Continue reading “FIRPTA Withholding Amounts”

Survival Mode Improves Brand-Owner Relations

COVID-19 threw a few punches at the hotel industry, but despite an extremely challenging year, some would argue Continue reading “Survival Mode Improves Brand-Owner Relations”

Rising Above 2020: The Worst Year on Record for U.S. Hotels!

It’s official, 2020 was the worst year on record for the hotel industry. For the first time in history, the industry surpassed 1 billion unsold room nights, which eclipsed the 786 million unsold Continue reading “Rising Above 2020: The Worst Year on Record for U.S. Hotels!”

DEADLINE APPROACHING: File Your S-Corporation or Partnership Taxes Before March 15th!

Gulati Law is sending a friendly reminder your way in regard Continue reading “DEADLINE APPROACHING: File Your S-Corporation or Partnership Taxes Before March 15th!”

The Real MVPs – Markets That Outperformed in 2020

When COVID-19 hit the States and stay-at-home orders swept across the nation, it is no wonder that the hotel industry took a steep dive. While 2020 started out as just another year, April soon became Continue reading “The Real MVPs – Markets That Outperformed in 2020”

DEADLINE APPROACHING: Annual Corporate Reports 2021 due soon!

Our team at Gulati Law is sending you this friendly reminder of the deadline to update your business’s Annual Corporate Report with the Florida Department of State Division of Corporations. If you have not filed yet, please prepare to do so soon.  Continue reading “DEADLINE APPROACHING: Annual Corporate Reports 2021 due soon!”

Hotel Guests, Tenants & Transient Occupants, Oh My!

Imagine this scenario, you are a hotel owner with a guest, that for one reason or another, isn’t exactly the ideal customer. Maybe you are finding that this guest habitually has one too many drinks at the lobby bar and proceeds to make other guests uncomfortable Continue reading “Hotel Guests, Tenants & Transient Occupants, Oh My!”

What a Cost Segregation Study Means for Your Hotel or Motel

Property Cost Allocation (aka “Cost Segregation”) is back with a vengeance, according to GMG Savings in a recent article.

A cost segregation study is an essential fiduciary component when building, purchasing, or renovating a hotel or motel. Hotel Continue reading “What a Cost Segregation Study Means for Your Hotel or Motel”

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