J
PHOTO CONTUBUTID
CP&L Managers Certified
Three managers at Carolina Power and I ight's Brunswick Nuc
lear Plant display their certificates for completing the plant's senior
reactor operator course. Finishing the seven-month program , in
cluding an in-depth study of the plant's systems and operations, are
(from left) Susan Fitzpatrick, manager-chemistry; William Geise,
manager-simulator , and Christopher Patterson, Unit I mechanical
maintenance manager.
Routine Personnel Actions Taken
Rout'.ie personnel actions gained
the Brunswick County Board of
Education's quick approval Monday
night in public session.
The board approved hiring 18
people, as follows: Gwendolyn Fox
worth, Southport, interim elementary
teacher. Bolivia Elementary; Indi
Fucili, Wilmington, West Brunswick
High social studies teacher; Rebecca
Hewettand Rebecca McDowell,
Ocean Isle Beach, interim elemen
tary teachers, Supply Elementary;
Rosie Parker, Bolivia, interim half
time social studies teacher. South
Brunswick High; Paul Erwin,
Cardiff, N.J., special education
teacher, Leland Middle; Maria
Berarducci, Wilmington, interim
academically gifted teacher, dividing
time between Bolivia and Supply
schools; Kelly McMahon, Wilming
ton, elementary teacher, Bolivia;
Also, Faith Southern, Five-hour
cafeteria assistant, Union Elemen
tary; Mattie Bryant, four-hour cafe
teria assistant, Shallotte Middle;
Susan Gore, teacher assistant, Wac
camaw Elementary; Jane Simmons,
four-hour cafeteria assistant, South
Brunswick High; Rochelle Johnson,
teacher assistant, Southport Elem
entary; Alice Gamer, interim media
assistant. Supply Elementary; Tam
my Stanley, media assistant, Wacca
maw Elementary; Willie Randolph,
eight-hour custodian. South Bruns
wick Middle; Sheila Deans, four
hour office assistant/teacher assis
tant, Learning Center; Natalie
Ciause, secretary. Shallotte Middle.
Resignations were accepted from
Yulanda Bollinger, social studies
teacher. West Brunswick High; El
len CarToll, Chaptycr I Pre-K
teacher, Lincoln Primary; Brenda
Gore, cafeteria assistant. Southport
Elementary; Shirley Johnson, tea
cher assistant, Southport Elemen
tary; and Ronald Smith, head custo
dian, Lincoln Primary.
Transfers were approved for
Arthur Gamble, from BEH consult
ing teacher at Union Elementary to
BEH consulting teacher and home
Sound/student at-risk teacher at the
Brunswick Learning Center; and
Rhonda Benton, middle grades
teacher, from South Brunswick Mid
dle to Shallotte Middle.
Retirement retroactive to July 1
was approved for Jean Collie, a
Lincoln Primary School teacher, and
a short leave of absence was granted
Linda Stevenson, South Brunswick
High cafeteria manager.
One DaylMl
Appreciate
Of Our Home
Equity Lorn
You're probably asking yourself, it's fall, tax-deductible. Of course, you should con
why should I be worrying about spring- suit your tax advisor for complete details.
time9 Well, April will be here before you What's more, you'll be able to access
know it. And you'll be wishing you'd made vour Home Equity Line of Credit simply
those home improvements, purchased that by writing a check Then you can use the
new car or paid for your child's education money for all sorts of tilings. So what are
with a Home Equity Line of Credit from you waiting for? Call or stop by your near
NationsBank. Because, as you probably by NationsBank today And ask about our
already know, interest on hon inequity lines Home Equity Line of Credit. Restassured,
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Strategies That
Can Benefit Your Business
Taxes can make a difference ? of
ten a big difference ? in the bottom
line of a business. That's why small
business owners should be aware of
the tax consequences of their ac
tions.
If you own a small business, now
is a gum! iiuic to icvicw your tax-re
iatcd records and identify- ways to
reduce your 1994 tax liability. To
help you get started, here are some
suggestions from the North Carolina
Association of Certified Public
Accountants.
Plan Purchases
Last year. Congress increased to
$17,500 (from $10,000) the amount
of business equipment costs that can
be deducted in the year the equip
ment is acquired. Electing this "ex
pensing" provision allows you to
take an immediate tax deduction
rather than depreciate the purchase
over a number of years.
If you haven't already spent the
allowable $17,500, consider pur
chasing whatever you need before
year-end. Keep in mind that the
$17,500 deduction is reduced dollar
for-dollar once the total cost of
property placed in service during the
year exceeds $200,000. In addition,
the deduction may not exceed the
taxable income of the business for
the year.
Estimate Accurately
Sole proprietors, partners and
owners of "S" Corporations are gen
erally required to pay individual es
timated taxe? quarterly. To avoid un
derpayment penalties, tax law al
lows you to base your estimated
payments on 100 percent of your
previous year's tax liability, if your
adjusted gross income (AGI) was
$150,000 or less last year.
If your prior year's AGI was more
than $150,000, you can base your
payments on 1 10 percent of your tax
liability for that year. Be sure to re
view your estimated tax payments to
determine if your payments are ade
quate.
Shift Income, Deductions
The typical business can mini
mize its tax liability by deferring in
come into next year and accelerating
tax-deductible expenses into the cur
rent year. This strategy works best
for companies that use the cash
method of accounting.
Keep Records
Making charitable contributions
can also help to reduce your tax bill.
However, keep in mind that can
celed checks are no longer sufficient
proof of donations of $250 or more.
To obtain a tax deduction for these
donations, you must obtain a written
acknowledgment from the charitable
organization stating the amount of a
cash donation or Hesrribing the
property you donated.
Depending on your form of busi
ness, certain limits apply to the
amount of charitable contributions
that you can deduct.
Meals, Entertainment
Effective for tax years beginning
after Dec. 31, 1993, the deductibility
of business meals and entertainment
is limited to 50 percent of expenses,
down from 80 percent.
Since this is an IRS audit hot
spot, it's important to have a good
record-keeping system. Check your
records to be sure that each entry re
flects the amount of the entertain
ment expense, the time and place of
the expense, the business purpose
and the business relationship of the
person entertained.
Write Off Bad Debts
If your company uses accrual ac
counting, review any outstanding
debts. The IRS allows taxpayers to
take a deduction for a bad debt only
in the year in which it becomes offi
cially worthless. A decision to post
pone writing off a debt to a year
when you have more income will re
sult in losing the deduction.
Contribute To Retirement
You have until the due date of
your 1994 tax return to establish and
contribute to a Simplified Employee
Pension (SEP) plan or an Individual
Retirement Account (IRA), but only
until Dec. 31 to establish a Keogh
plan. Be sure to set aside funds to
make tax-deductible contributions to
these plans.
And remember, the sooner you
contribute to these plans, the longer
your earnings compound tax-free
Don't Overlook Credits
When reviewing your tax situa
tion, CPAs suggest that you deter
mine whether you qualify for certain
business tax credits, such as the tar
geted jobs credit and credit for in
creased research, or whether your
business should undertake activities
to earn these credits before year-end.
Considering such credits, which di
rectly offset your taxable income,
should be an important part of your
tax planning. To obtain a brochure
on small business tax panning, con
tact the North Carolina Association
of CPAs at 800-722-2836 and re
quest a copy of "Tax -Trimming Tips
for Small Businesses."
Money Management is a weekly
column on personal finance pre
pared ami tlisit ibuted by the North.
Carolina Association of Certified
Public Accountants.
'Goretown' Meeting Draws
1 00, According To Sponsor
About 100 people attended a
community meeting Monday co
sponsored by Robert Gore of
Shingletrcc Acres and Nat Parker,
president of the Southport Branch of
NAACP.
"Nat Parker said the NAACP is
commitcd to the incorporation of
Goretown. having Jenrette Road
added to the state maintenance sys
tem, and economic development
within all black communities," Gore
said in a news release.
Gore has been pushing for road
improvements and the incorporation
of the Shingletrcc Acres area as
"Goretown." Members of the local
legislation have declined to intro
duce a bill to establish the new
town.
Gore said he "stressed the neces
sity of unit and support and assured
everybody that when the appropriate
time comes, Goretown will be incor
porated and that our (legislative)
delegation will live up to their com
mitment."
Other black leaders speaking to
the gathering about economic devel
opment were Eugene Gore, district
NAACP director; Orce Gore and
Roscoe Butler, both members of the
Southeastern Economic Develop
ment Commission.
Gore said the next community
meeting will take place Saturday.
(X"t 1, at 5 p.m. at Holy Bethel FBH
Church in Thomasboro. Guest
speaker will be District Court Judge
Ola Lewis.
Space Available
A few spaccs arc available in the
Rural Entrepreneurship through Ac
lion learning (REAL) program
which begins at Brunswick Com
munity College on Sept. 28.
Through N.C. REAL Enterprises
and Brunswick Community College
Continuing Education Department,
adults who wish to become business
owners enroll in a 33-week training
program at the college. Upon suc
cessfully completing the REAL pro
gram at the end of May. participants
may be eligible for up to S20.(*K) in
business loans.
REAI. participants learn by do
ln Rural Program
inc. Class meetings go beyond the
c(|Ksr?H<m into entrcprcneurship labs
and into the community with fcMow
participants and instructors. Busi
ness owners serve as community
support team members.
Classes will take place on Wed
nesday evenings on BCC's main
campus north of Supply. Regis
tration cost is $35. The course will
be taught by Charles Thompson.
To request an application, call
Velva Jenkins, associate dean of
continuing education, at 754-6900
Advance registration is required
Get 'em while they're hot!
SLEEPERS &LOVE SEATS
SALE
? Retail *2.768 Lovely
wtcker arm by Lane
Venture
$1459??
SALE
$1189??
? Retail *2. 199 Bi.j* SALE
attached back $1199??
?Retail *2.109
Queen Sleeper &
Loveseat - Teal,
cinnamon, and
indigo plaid
? Retail *1 ,399 Rattan
sleeper and loveseat
Pastel Design
SALE
$799?o
CHAIRS
? Retail *800
High back green
traditional chair
? Retail *629
Graceful
Salmon
Damask wing
chairs
SALE
$43900
SALE
*329 e.
At
J. Livingston
we have the
hottest prices
on the
coolest
new furniture
styles.
SAVE
UP TO
50%
OFF!
SOFAS
? Retail *1 .520
Country English
foral Green, rose
and peach by
Norwalk
?RetaK?1.715
Traditional green
and rose floral
stnpe sofa by
Norwalk
?Retail' 1550
Contemporary
green stripe
sofa
SALE
$74goo
SALE
$699??
SALE
$78900
DINEITES
?Retail ? 1.069
black iron
and wicker
5pc dinette
?Retail *2279
Nutmeg rattan
swivel game set
with 43 glass top
SALE
$599??
SALE
$1149??
Hwy. 17
Little River, SC