Business Briefs
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\-Holiday Bail Bonding Company Serves The Community
You can run. but you can't hide
rom the "Super Bondsmen." No.
hey 're not another batch of super
hero cartoon characters, they're real
life African American bail bonds
men are serious about serving
justice.
Jacques Deon Holiday and
Bobby Ray own and operate A -Hol
iday Bail Bonding Co. "Anybody
that we get out of jail is going
through the criminal system,
because we're going to bring them
to justice." said Ray. For a little
bonding is lulls prepared to find ans
one uho skips bail. Still, appre
hending a suspect isn't easy in
Forsyth Co. Bail bondsmen .in
Forsyth Co. have to function under a
restricted time limit. I'nJike the
other 99 counties in North Carolina
that allot 60 days to apprehend a
suspect. Forsyth Counts is the only
one that allocates 10 days to catch a
suspect that has skipped bail. Once
those 10 days are up the bonding
compans has to pay the bond forfei
ture. Depending on the amount of
was traveling to New York to see
him. Holiday Bondsmen decided to
follow her. Holiday bondsmen
checked the Amtrak train schedule
and discovered her time of departure
and arrival. When her train arrived
at New York's Penn Station. Holi
day Bondsmen were waiting. With
the help of Captain Doris Combs, of
the Amtrak police department at
Penn Station. Holiday Bondsmen
were able to follow the suspect girl
friend. which led them to to where
the suspect was hiding. Holiday
"We will bail you out , but you have to
do what's right! Don't t)~y to jump bail
on us!" , 9
-Ron Paige
over a year, with assistance from
Ron Paige and Timothy Hill of
Paige Bonding Co., these men have
been bailing people out of jail. It
could be said that Holiday bonds?j
men are providing a much needed
service to people who can't afford to
pay the high cost of breaking the
law. Whereas most of the larger
bail bonding companies require an
excellent credit history, or a great
deal of collateral. Holiday bonding
will take a chance on a person,
based on the circumstances of Jhe
case. Ray explained that most of the
larger bail bonding companies will
not post bond for cases involving
drugs, shop lifting, larceny, or DWI,
because of the tremendous risk
involved. Holiday bonding will
usually take the risk. "We will bail
you out. tmt you have to do what's
right! Don't try to jump bail on us*",
(2 warned Paige.
Although Holiday Bonding
may take chances on offenders that
other companies won't, Holiday
th'e bond, many of the larger bond
ing companies usually go ahead and
take the loss instead of try ing to pick
up the suspect. "We don't care if
it's five hundred --dollars. we're
going to do what we have to do. by
anyfneans necessary, to bring them
back and let them go through the
system." said Rav.
* > *
Holiday Bondsmen are licensed
to^go anywhere in the United States
to arrest anyone who has skipped
bail. For example, in just 22 hours
Holiday Bondsmen caught and
arrested a suspcct who tried to
escapc from Winston-Salem to New
York. The suspect had been
charged with possession with the
intent to sell and deliver cocaine,
and assault on a government offi
cial. ' His bond was $2. (MM). The
suspcct had no idea that Holiday
Bondsmen would travel all the way
from Winston-Salem to New York
to get him. but he was sadly mis
taken. After receiving an anony
mous tip that the suspcct girlfriend
bondsmen then arrested the suspect
and brought him back to Winston
Salem. It was from thi* case lhat the*
Holiday bondsmen received the
nickname "Super Bondsmen."
Also. Holida> bondsmen have been
instrumental in helping the WSPD.
as well as other bail bondsmeji.
apprehend suspects.
When Holiday Bondsmen are
r
From (I t9 r) Bobby Ray , the arrested suspect and Ron Page
not bailing people out of jail, or
searching for someone, they are giv
ing back to their community, "I
offer full sponsorship to the Twin
City Little League Braves," said
Ray. "I decided to give back to the
community by teaching marshal arts
to kids for free at a local recreation
center" said Page.
Business seems to be booming
for A-Holiday Bail Bonding Co., yet
things have not always run so
smoothly. Ray explained that other
companies were not willing to
accept, or give respect to A-Holiday
Bail Bonding Co., because it is a
black owned business operating in a
field dominated by predominantly
white companies. Holiday bonds
men had a hard time, until they led a
search in finding an inmate who had
mistakenly been released from jail.
After this event Holiday bondsmen
were seen as legitimate bail bonds
men.
"This is the only business
where you don't have to be nice to
people" said Ray. "People don't
have to like me, but when they are
in jail they are going to call us."
explained Ray. More and more peo
ple are discovering A-Holiday Bail
Bonding Co. everyday. It's an
African American owned and oper-t
ated business established to serve its
people. "I think it's important that
we have our own businesses" said
Paige.
MONEY WATCH
By THEOOOR^A^ DANIELS
?m- ? ? v ?? ~
Your 1992 Federal Tax Return Part I
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Your tax liability will be determined based on the tax planning I
activities and/or transactions you undertook during the 1992 tax year.
Your tax planning, e.g., deferring income to 1993 or increasing your
deductions in 1992 and business transactions will determine your tax
bracket. The ternj. "tax bracket" refers to the highest range of your
.income that is subject to taxation. Taxable income that falls within cer
tain brackets is taxed at a specified percentage as reflected in the Internal
Revenue Code.
The tax computations can be complex, depending upon the transac
tions that you were involved in during the 1992 tax year. After you have
determined your gross income, e.g., wages and salaries, interest income,
etc., there are certfiin reductions that you can take to determine your tax
able income. The first group of reductions, sometimes referred to as
exclusions, adjustments, or deductions, consists of the expenses you
incurred in your trade or business. These reductions are subtracted from /
your gross income, the amount left is your adjusted gross income. Your v
adjusted gross income should be about the same as your gross incomc if
you are not self-employed or have a "side business. '^Once you have
determined youradjusted gross income, you subtract your personal and
dependency exemptions and either itemize deductions or use the stan
dard deduction to identify your taxable income. In determining whether
or not it is beneficial to itemize your personal deductions or to take the
standard deduction, keep in mind that you should not itemize your per
sonal deductions unless your personal deductions exceed the standard
deduction that applies to you. For example, the standard deduction for a
married couple filing jointly is $6,000 which means that if a couple's
itemized deductions do not exceed $6,000 they would save more in taxes
if they took the standard deduction.
In addition to the subtractions mentioned above, there are tax credits
which can also reduce your tax liability. After you have computed your
tax using the tables or schedules, there are certain additional reductions
that may apply to your particular circumstances. These reductions
include tax credit for child and dependent care expenses, credit for the
elderly or the disabled, etc. A tax credit produces a direct reduction or
dollar-for-dollar reduction in your taxes. The primary tax credit, in most
instances, that you will include on your tax form is the credit for the
taxes you paid during the 1992 tax year as reflected on your W-2 form.
Once you subtract any available tax credits from the taxes derived from
the tax tables, you will then have your true tax liability.
If you have any questions or conccrns, please contact Theodore R
Daniels , Money Watch, P.O. Box 23558 , Washington. D C 20026
* *
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?1991 HUD