BUSINESS PROFILE
Florist creates expressions with flowers J
>. 1
By YVETTE N. FREEMAN
Community News Editor
A local entrepreneur has
opened up a new florist shop just in
time for one of the busiest seasons
of the year ? Valentine's Day.
Barbara Phillips, president of
Phillips and Associates, opened
Creative Expressions With Flowers
at 896-A North Liberty Street on
Jan. 20 of this year, after purchasing
the florist shop of Special Occa
sions Book Store.
The owners of Special Occa
sions decided to sell that portion of
their business after the death of
mas holidays.
Now, with Valentine's Day just
around the corner, Phillips hopes
the .holiday business will help to
establish Creative Expressions With
Flowers as a major competitor in
the floral industry in Winston
Salem. "This, I hope is a permanent
business," said the former
teacher/administrator. "I hope this
is just the beginning."
Creative Expressions With
Flowers is a part of the corporation,
Phillips and Associates, which
Phillips organized in 1981 "for
consulting, and the sales and. pro
motion of products." So far, busi
ness has been good for the shop,
which provides a complete floral
service for funerals, weddings and
other special occasions, in addition
to wedding planning and consult
ing.
Phillips, who is not the owner
of the business, but rather the pri
mary shareholder, said Creative
Expressions With Flowers will
serve the entire Winston-Salem
community.
"I hope that I can serve the
larger community because I plan to
r^ssf
send out quality work and fresh
flowers that everyone will be
pleased to receive." However, she
said that she expects most of her
clientele to come from the black
Barbara Phillips looks forward to the Valentine's Day rush which
will help establish her new business in the community.
Strange promoted at
Brown & Williamson
Gail Logan Strange has been grams related to urban affairs, corn
promoted to the position of Manag- munity relations activities. Addi
er of Corporate Relations for tionally, she will manage corporate
Brown & Williamson Tobacco Cor- advertising and community-related
poration. event participation programs.
In her new position, Ms. Ms. Strange most recently
Strange will be responsible for served as Manager of Minority
managing corporate response pro- Communications. She began her
MONEY WATCH
By THEODORE R. DANIELS
It's tax time!
What's new for your '91 return
Part III
Social Security Number for Dependents Age! or Older . If you
can claim any person age 1 or older as a dependent, show that per
son's social security number on your tax return. If your dependent
does not have a number, see your tax forms package instructions.
More Benefit with the Earned Income Credit (EIC) ? Use
New Schedule EIC. You may be able to take this credit for 1991 if
you earned less than $21*250 and a child lived with you. But you
must file new Schedule EIC with Form 1040 or Form 1040 A to do
so. Read the instructions in the tax package that you received from
the IRS to see if you can take advantage of this credit.
Increased Deductions for Exemptions. The deduction for each
exemption ? for you, your spouse, and dependents ? is $2,150 for
199 1. But your deduction may be limited if your adjusted gross
income is more than $75,000. See your tax package for more infor
mation.
Limit on Itemized Deductions* If your adjusted gross income is
more than $100^00 ($50,000 if married filing separately), you may j
not be able to deduct all of your itemized deductions. Read the i
Schedule A Instructions in your tax forms package. Also, keep in
mind that personal interest (Such as interest you paid on car loans
and credit caid balances) is no longer deductible.
Standard Deduction Increased* Because of the increase, it may
be to your benefit to take the standard deduction this year even
though you itemized deductions in the past. Use the Standard
Deduction Chart in your tax package to figure the correct amount.
Maximum Tax Rate of 28 Percent on Capital Gains. If you
have a net capital gain, your tax may be less if you can use the tax
computation on Schedule D (Form 1040) to figure your tax. See Part
IV of Schedule D to see if this applies to you.
Dialing Up Tax Answers. You can contact the IRS by calling
: the following numbers: Tfclephofte Tax Assistance, 1-800*829*1040
(IRS assistants answer questions). Order Publications or Fbntis, U
800-829-3676, Automated Refuhd Information (to check the status
of your refund) 1-800-829-4477.
Gail Logan Strange
career with the company in 1985 as
Minority Communications Coordi
nator.
A native of Louisville, Ken
tucky, she is a graduate of Kentucky
State University and has a master's
degree from Webster University i?i
St. Louis, Missouri.
Headquartered in Louisville,
Brown & Williamson manufactures
and markets KOOL, CAPRI, BAR
CLAY, VICEROY, RICHLAND,
RALEIGH, BELAIR AND GPC
APPROVED cigarettes, and a vari
ety of specialty tobacco products
including SIR WALTER RALEIGH
pipe tobacco in the U.S. The com
pany is also a major exporter of
U.S. manufactured cigarettes to
markets worldwide.
Rick Froneberger,
Mortgage Auditor
to open office in
Winston-Saiem
Rick Froneberger, Mortgage
Auditor is pleased to announce the
opening of his Winston-Salem
office.
Rick Froneberger is part of a
nationwide network of affiliates
auditing Adjustable Rate Mortgages
for homeowners.
Rick Froneberger through its
audit process, secures refunds for
homeowners due to errors in inter
est rate calculations made by lend
ing institutions on Adjustable Ra|e
Mortgages or ARM's.
Rick Froneberger, who serves
as head of the local auditing depart
ment can be reached at 919-760
4099.
The firm's local office is locat
ed at 1255 Jonestown Rd.
community.
Although Phillips was an edu
cator for 30 years, she also has
about 10 years experience in the
floral industry. During her child
hood, she worked at Helen Chris
tian's Florist, which was the first
African-American-owned florist
shop in Winston-Salem, as well as
Sackie's Florist.
She said that her floral experi
ence as well as her educational
background will be keys to the suc
cess of the business. "1 think good
management is what the
entrepreneur must bring to the busi
ness in order for it to work," she
Q irTl 1
exptamcu.
"1 hope that I am successful
enough to employ people to the
extent that I can get additional
designers, additional delivery per
sons, additional office management
people to work with me because I
think my skills really lie in organi
zation, supervision and administra
tion."
She added that she has also
hired an accountant to make sure
that all local, state and federal regu
lations are followed to the letter,
and that keep track of the expenses
of running the business. She says
that many small businesses fail
because they lack the foresight to
have such good management behind
them, making sure that things as
efficiently as possible.
Creative Expressions With
Flowers is open Monday through
Friday, from 9 a.m. to 5 p.m. and
Saturdays, from 9 a.m. to 1 p.m.
Delivery is available throughout the
entire Winston-Salem/Forsyth ,
County area, and same day delivery
is also available. f
For same day delivery during
the week,- uidei s must be received
by 2 p.m., and on Saturdays, orders
must be received by 11 a.m. for
same day delivery.
k? ***** 9 mm&*
Topic: BANK CD ALTERNATIVES
At this free seminar, you'll leam about
alternatives that offer competitive rates,
tax advantages and ways to cope with
today's interest rate environment.
IV
Date: Thursday, February 13, 1992
Time: 5:00 p.m. & 7:00 p.m.
Speaker: Michael J. Robinson, Account Executive
Place: Dean Witter Reynolds, Inc.
380 Knoll wood St., Ste 500
(Corner of Thruway and 1-40)
Winston-Salem, NC 27103
Admission is free, but seating is limited.
Call Andrea for your reservations.
/QtQ\ 717_ftOAA
/A/'OzUU
Dean Wiuer Reynolds, Inc.
Member SIPC
' 4 1>A member of the
n Seats Financial Network
DEAN WITTER
FORSYTH TECH GIVES YOU GOOD REASON
TO IMPROVE YOUR JOB SKILLS
Forsyth Tech will accept new students for
Spring Quarter in the following programs:
** Accounting
** Administrative Office Technology
* Air Conditioning, Heating and Refrigeration
* Automotive Mechanics
** Banking and Finance
**
Business Administration
* College Transfer/Arts
* College Transfer/Science
Horticulture Technology
Law Enforcement Technology
Marketing and Retailing
** Pretechnical and Special Credit Classes
**
* *
* Day Classes ** Day and Evening Classes
*
TUITION: $11.50 PER CREDIT HOUR
Financial aid is available to qualified students.
APPLY NOW FOR CLASSES THAT BEGIN MARCH 5
?#
For All The Right Reasons.
.'XVy^y-V'tS
FORSYTH
TECHNICAL COMMUNITY COLLEGE
2100 Silas Creek Park way /Winston-Salem, NC 27103
919-723*0371 Ext. 253