News Scrapbook 1985

Fallbrook, CA (San Diego Co.) . Fallbrook Enterprise (Cir. W. 15,328) OCT 241985 ._All,m '• P. C. 6 fat . 1888

. go CA Son Do•~ g~ Co.l \Son ,e · n • 0 Un10 5Co_n O~e~17,3241 \ '.r. 339,7SSl \Cir. s.

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bt 1888

Jlll1:n'• c. 714 businesses form "partnerships' with schools ,,, U ( 0 fJ and Loma Portal Elementary School, ? 7 d The new pairings ,are. c ·t G rd Noncom Tht• rrty srhools Board o 1', uca- California First Bank, North Park San Diego . I y ,u_a .. . . tl'ln h .,, r•·c·ogn,zed 14 busmrsses El t missioned Officers Assoc1at1on a_nd • " branch, and Jefrcrson emen ary f Ch ldren that will ,H·t as "p,irtnrrs in duca- the San Diego Center or • ion twn" with l0<·.il . h1M1ls Sc~:I, Green Tiger Press and Fre- S,rn Diego County Bar Assoc1at l lnd 1 , 1 1 ,rouram IM-gun during the and Marvin Elementary School, . " moat Elementary School; boa l and Lind 1~112 KJ . chool yea, , Lhe distra-t en- llolsum Bakmg Company and Sl. Target, Bal sore, . courage , out ,de businesses and V,nAent School; bergh Elementary School, d aroun~ to "adopt" publH· sC'hools to ' & Lo d Target, Kearny Mesa store, an .,. ,,.. Home Federal Savings an an Sch I whu·h they can offer special opportu- Martin Luther King Elementary Cubberly El~mentary oo; T re mlle;, such as tutoring, tours and 10 • School; . . Turrey_ Pmes Bank and or Y c ·nt1v progran,s Internat10nal Busmess Machines Pines Elel!lentar~ School, d C r- Th 14 partnership: announced :;;::=......~~;: 1 Umvers1tv of Sa[!_ Diego an a f orp an3 Hoover High Schoo ; S h I this w k. brmg the tot I number o Long's Drug Store Number 154 and son b:lementary c oo ; partn rsh1p trurk m the Partner- O'Farrell School of Creative and Carner Airborne Early Warmn~ . hip~ ID Educ lion program to 107 ID Squadron 116 and M1ramar Rane t"ily . h I. Counlywide, .l e pro- Pacific Southwest Airlines (PSA) Elementary. · h Performing Arts; /4 gr m 1ndud about 330 pairings P

San Diego, CA (San Diego Co.) Daily Transcript (Cir. D. 7,415)

OCT 2 81985

JUlen '•

P. c. B

I ,

I HRH

D , Ball a black tie H tel social event for USO at he !lo. . OV 15 wi Jn· Inter-Cont · d •t te's _ vest in i sc 8 - an 6 a P ds will go to all five futurt!. rocee . d ls at the university. Edwar ;e;oche, dean of USD's School of Education, plans to earm~rk pro- ceeds for scholarships designed to I e students back to college f~r a ur . ducation " In Caltfor- degree m e · · n ia the median age of teachers is • h t · 10 years an 45 Thismeanst a m '. ·. d 110 000 teachers will t , e " he said. "In San Diego re 1r , ·t· I h h rtage 15 not as cr1 ica , teac er s o . in rural but the problem is severe The ean ' h estimate • • the

\1AHK \10HAMAl{C'O

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I oramarco employed

Bob Nnrton . a loca l CPA !n ~h<> Great i\mcrkan First Bt~1ldmg at Mission and El Camino m Oce,rnsicle, a nnounced that '.\fork Moramarco has been employed bv hi. firm , '.1oramarco is a HJ81 graduate from the Unive~silv of .San Diego. and a 19i7 graduate from Falllirook High School. Ile "'.as fornwrlv with Alop!'x Industries in San Marcos a~ :1ssistant eon- trollcr /'I

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areas ofCalifornia."

...

San Diego, CA (San Diego Co.) Dally Transcript (Cir. D. 7,415)

OCT 29 1985

Son Diego, CA (San Diego Co.) Son Diego Union (Cir. D. 217,32-4) (Cir, S. 339,788)

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p c e

~~~~m~:,~~!,'.Vha:~.~~~!s!v~? wm Hutton added that law firtn8 fall present Richard Schmaltz, who

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OCT 2 81985

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P. C. B

fat 1888

t:on 1uch u' a law firm or :::~aiciana' group generally should elect to di.stribut.e eanunp to ita shattlholder • mployees u salary rather than dividends, aay11 Mi tia.l Hutton Hutton Patter- 1 But questiona atill arise because the Internal Revenue Servu:e bu 11 ot defined pr8CJ.llely what con- atitut.ea exc.aive ulary for such c 6 Co aoooun;ing rU-U: partner ':~nu·

Gains~ losses topics .?-1 ~c;· ' t· of women s mee 1ng

will .~peak on "Get a Jump on 1986 at a luncheon tomoi:row ,at the _Westgate Hote_l. He 1.1 vice president a_nd cha1~ of the stock selection com.uuttee for the

into the ~e category.

.

He predicted that probleillll with the IRS will ari8e when a closely held corporation gets larger and more employees are added. "The further you get away from the company being the result of the effort of one or two persons, the more risk you run in having the salary challenged by lhe IRS. If there is an alternative between aalary and dividend, the co:rpora- tion should always elect salary,"

Spring Valley, CA (San Diego Co.) Spring Valley Bulletin (Cir. W. 2,708) OCT 3 1 1985 J lfl~n~ P c B , , ,,

to

joining Kidder

firm. Prior

an

in 1981, he w1111

Peabody

equities analyst at Morgan

Have women made any signific~nt legal advances in the past 20 years, or are they actually losing the ground they gained? Those were subjects touched on by nearly 200 women who gathered at the University of San Diego over the weekend for the 15th Annual Far- West Regional Conference on Women and the Law. The three-day conference, geared to an audience of law students. attor- neys and educators m related legal fields, was attended by Kate Millet, author and political activist; Midge Costanza, former adviser to Presi- dent Jimmy Carter; and prostitution activist Margo St. James. About 44 workshops dealt with a wide range of issues, including di- vorce mediation, employment dis- crimination, lesbian and gay child custody and adoption, advocacy for the aging, problems confronting women in the military and women and addiction. One speaker at yesterday's work- shop on legal and social issues of people with disabilities was Cathe- rine Johns, former president of the Association on Handicapped Student Service Programs in Post-Secondary Education with the Community Col- lege District. Johns, who uses a wheelchair be-

cause of arthritis she has suffered since she was 10 years old, told of efforts, including civil disobedience movements to win state and federal regulations' prohibiting discrimina- tion against people with disabilities. She said favorable regulations and court decisions since 1977 have helped discourage discrimination against the handicapped on issues such as bus ramps and elevator lifts as well as employment. An import- ant advance in schools, she said, is that while not all school classes must be "physical accessible" to the handicappe1 m many cases pro- grams must be. "That means that if the professor teaches on the second floor that has no elevator, he must make arrange- ments to meet with the disabled stu- dent on the first floor," she said. But what is discouraging, she said, are proposals to take back many of the gains of the late 1970s. She was followed by Sherri Soko- loff, a lawyer who frequently brings lawsuits against businesses or people who discriminate against the handi- capped. Her advice to law students who may wish to follow her footsteps: "Hit the wrongdoers in the pocket- book" using California civil rights / codes. L

Stanley.

• • •

Julianne M. Adamik has joined . the San Diego office of .al2._hnson & Higgina as employee• benel'its ----aiiily'iit.sii.e'wi11 be responsible for analysis of client group health, life and disability prograillll, cost con- tainment features , premium negotiation, and employee com- munication. Previoualy, she wu eupervisor of employee benefits at Solar Turbines. • • • CPA David B. Lanen baa been named principal in the firm of A.V. Arias & Co. Formerly a partner with Coopers & Lybrand, Larsen will be 7nt aucm and accounting principal and will also be responsi- ble for the firm's quality control procedures. • • • "IRAs, America's Be • t In- ve • tment" will be the subject of a free community seminar Nov. 6 at 7 p.m. at the Tierraaanta Library, < 4985 La Cuenta Dr. Co-sponsors are the library and The Foundation for Financial Education. • • • David F. Wilson of Chula Vista will serve aa state national director of the Independent Insurance Agents and Brokers of California in 1985-86. He was elected by the IlABC membership at a recent convention in Vancouver, B.C. • • • Prudential-Bache Securities will host a seminar titled "Safe Money Alternatives for Income- Oriented Investors" today starting at 7 p.m. at La Jolla Village Inn. The free seminar will cover a vari- ety of the most popular alter- to CDs and money markets. Speakers will be Joseph Kett, vice president and manager of the firm's La Jolla office; and natives

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aharehold r..mploy

ia a corporation that ia

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$ MoneyMinders by Herbert W. Lockwood

The niv.ersity of SilJl Dieg.o . r 4 of their . last 5 football games, will cif~~ ·AIA-power, A z t 1 ·30 a UniYers,ty Satur · the Torero Stadium. , Azusa leads the senes 11-7. The Cougars won both games played against the Toreros m 1og4 Sc-ores 34-7 and 24-'.0. · z me wm- Azusa brings a 1 .ga nin<> streak to USD. •r"'he Toreros are 4-3 on th e aft er a 17-6 win o,·er season Cal Poly Pomona. Head coach Brian Fogarty, in his 3rd season at ~he helm of the USD program is 10-16-1 overall. h . The Toreros finish out _t eir homestand next week wit~ a 1 ·30 homecoming game agam~t · d will UC ~anta Barbara an . finish the season Nov. 16 m the Bay Area when they play ~t. Mary's College. Toreros, winners o

cloeely held and makes an awful lot of money, the best way to diatribute that money from a tax atandpomt is to do it in the form of salaries and not dividends." Salaries are tax deductible by the corporation whereas dividends are not. While the individual em- ployeet1 will be liable for income I.all regardleea of whether they receive the money as salary or div- idend, a corporation'• tax liability can be greatly reduced if the di.eb11n1ement ia shown aa aalary, the areountant &aJd. "A closely held corporation usually hae very few employees. Often there is only one shareholder or maybe a family. The eharehold- er-employee would be one of the three or four who own all the stock and al110 draw a salary from the corporation." Hutton id some tax court rul- mgs have reversed IRS decisions that went agalllllt a corporation that chose salary over dividend. However, he warned that the IRS can always reclaasify as dividend a lary it deema in excess of a rea- 110nable amount. ·'But what ia a reasonable amount or an excesaive amount is not clear," eaid Hutton. "In one in- stance a • hareholdeNlmployee waa paid more than $1 milJion, but the oourl ruled in favor of the co:rpora- tio~ after the IRS had recluaified the payment aa dividend and demanded additional tu from the COQ>Of &Q91\, "Aft.er thi. cue it has become practically impoaaible to know what ia exc salary. The court wa • ery lenient in holding that whatever 11oney was earned by the corporation probably wu the result of the direct effort of the in- dividual and hence the aalary could not be d med excessive. Very many doctors are incorporated, and it can be argued th11t it wu directly bee oC the doctor at tht 091'·

Hutton said. IRS agent Larry Christensen says the issue has become a subjec- tive rather than an objective test becauae the term "reasonable compenaat1on" has not been defin- ed and bu become a controver,siaJ question. "There are many factors that go into determming that," he said. "Such as what is the expertise of the individual receiving the com- pensation, his o, her prior em- ployment, how lo~g the corporation has been in business, whst services are being rendered, how much time 1s being spent by the individual and is that time being spent direct- ly or indirectly for the corporation, the corporation's net income and gr068 profit, what is the ratio of the compensation to that of the com- pany's sales, comparison with sim- ilar companies and so on. · "All these factors are not ex- clusive. One factor standing alone does not necessarily mean the compensation is reasonable or un- reasonable. Many factors can be considered and not all these factors might be present in a situation." , • • • Pamela Hamilton will present a lecture titled "Overview of Dowtown Development" at the Nov. 7 dinner meeting of the Cor- porate Finance Council of San Die•o at the UniverBity Club. She is assistant vice president for operations o( the Center City De-

Carlsbad, CA I San Diego Co.I La Costan ICir. W. 5,000) OCT 311985

OCEAlrc; -n " CJJ.,::'On HA BLAJ)E,

San Diego, CA (San Diego Co.) Communicator or-

'.IRIBU1fE

insurance

Robert McCall, an

specialist.

985

•

•

•

velopmen.~ The board of°direc:ton of E.S.C. joining CCDO she was director of • · Administrators Inc. has appointed housing and redevelopment fqr the Kenneth D. Olson chairman of city of La Mesa. the board and CEO. Henry F. • • • Jimenez has been named presi- Nick Bnino and Brian Yui dent and COO, Wesley C. have been promoted to tax super- Mashburn will be executive vice visors in Coopers & Lybrand'e San president, Paul N. Conner vice Diego office:liruno ill a graduate of president and CFO, Joseph P. the U.f!D School of Law, while Yui Wolonsky is vice president and holds a master's deirr- in taxation in-house COUD8el, and Larry G. from USC. Clark is vice president of man- • • • agement information • yatems. ... ,. ~.:.- . (;Qr,llOration. ~eforll

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OCT 311985

,...,..-;AROQUE ENSEMBLE: The Um~rs1ty . of San Diego!2!Jers the Schuster ~aroque Ensemble playing mstruments of the period on Oc_!.:.. 31. In-

P. C. B , U8 ./4edia Resource Guide Issued b) lSIJ for 1986 l:.<1

-2.f/6!:> ___--

formation: 260-4714,

rhe l ni, crs,1" o[ Saw'Oiego ha\ issued 11 "\1edia"'Re,ounf'J(i\§9 1986" for heir, 1 , th,: med ind ;i-ldrmg stories on sub- 1ech rdated lo academic studies . The 1111,dc I ,t, more than 7 5 member1 of the l "ii> facult} a·1d ,tall who ha\'e exper- M~ in some 2CXJ d llcreni 1ubjcc1s. The sub- ieu,, f1om Acid Rain to Youth and \!coho! .ire hst d alr,habe1ically within 25 di\ isiom The name of the e.xr,en for each ,ubjcct "g1\c11, along "ilh his/her degrees, posi- ti<'ll, ,ind off1ec r,hone number. II those Ii ltd «re r,ccr,tl\e to calls from the media. 'iara I· IHI, PR director at USD, i, available •o heir, tm,a d finding re,ourccs for any >11hJec1, that aren't list ed in the ~u,de.

._Allen'• P. c. a ,,, /uso to stage 'LilitJp' SANDIEGO-• ~ ofthe Field" will be presenteg by IIoi- versi~, Qf 8 011 E>ieg6 Theatre Arts, Thursday, Oct. 31, through Sunday, Nov. 2, at Camino Theatre. Performances will be at 8 p.m . on Thursday, Oct. 31 , and Friday , Nov. 1 and Saturday, Nov . 2, as well as 2 p.m. on Sunday, Nov . 3. Tickets are $4 for general ad- mission, $3 for senior citizens and $2 for students, children and mili - tary , For more information~ 260-4600. _, 1:sr. 1888

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