News Scrapbook 1986-1988

San Diego, CA (San Diego Co.) San Diego Union (Cir. D. 217,089) (Cir. S. 341,840)

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

23 1987

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/4 - ---- M~r,y, Colston To Head GatewayMarketpl~ce Comple~

ce~ny are $10.

,/USO TENNIS -~he T to-1!tl! zaRlred Geo · e Tore~as was by Laura Gonzalez in No. 2 sm·- gles. The Toreras will ho t Washing- ras Jost erday 8- 1. Tne Ione victo

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marketing, will discuss alter- natives to drug testing and its im- pact on productivity and morale. Both breakfasts start at 7:30 a.m. Contact the continuing education department for more information. .... * Women in Networking, a group for North County profes- sional and business women, meets three Thursday mornings next month. April 2 is Sue Reeves of Pomerado Hospital District. On

Gat£V ~Zketplace, a retail store and job training compiex for Southeast San Diego residents, continues moving toward a fall opening. The brainchild of Sol Price and 4th District Coun• cilman William Jones, the com- plex is designed to meet retail needs of the neighborhood, which has tried for some. time to convince a major supermarket to locate in the area. At the same time, the store will act as a real-life job training center for Southeast mi- nority youth Odell Mu_rry has been hired as president and chief operating of- ficer of the marketplace, the non- profit entity that wi II operate the 50,000-square-foot, multi-service, r tail outlet. The center will sell food, hardware, clothing, appli- ances and other goods. Also added is Jean Colston as director of the San Diego College of Retailing, the training arm of the redevelopment project. Colston will develop curriculum, hire faculty an set admission stan- dards. The college will probably enroll 25 students the first year - most of whom will be Southest San Diego residents. Students will earn hourly wages while they're in job training. "Combining a supermarket with a job training center is unprece- dented in San Diego," said Colston. "We hope it will serve as a model for inner city neighborhoods throughout the country."

program, a company transfers all its employee to South Pointe. "Legally, they becme our emplo- yees and we staff them back to the client," said Peggy Lee Corbett. The service saves the employer the hassle of forms, reports, special bank deposits and other govern- ment ma~dates, the company claims. Clients still get to select their employees and verify time sheets. They're also responsible for providing a safe workplace, legal breaks and overtime credit. * * * Samuel C. Yeager is a new v.p. at IRT Corp. Yeager, 34, joined ffiT three years ago when the firm bought Ridge Inc. Yeager was Ridge's president and CEO and remained in charge of the sub- sidiary after the acquisition. Yeager now oversees the develop- ment, marketing, manufacturing and sales offfiT X-ray products. He will also handle the CXI family of automated solder inspection sys- tems.

Lady Baltimore Foods of Kansas City, Mo. He has a B.S. in envir-- onrnental conservation from the University ofColorado. * * * Linear Corp. has unveiled a new digital central station receiver for its alarm syst:ems. The receiver can handle two plug-in )ine cards,:_ each of which is capable 0 ( monitoring up to 3,374 accounts. ' * * * Xscribe, maker of computer~ aided court transcription systems: has a new more powerful version; the Maxim. The new computer: holds 32 separate dictionaries, haS; an automatic dictionary backup: program, a high resolution screen, and is faster than prior versions. ., • * * Integrated Software Systems~ Corp., now a part of Computer As- sociates International , has in:' troduced Superlmage, a graphics editing and drawing system for'. IBM micros. It is the first product' in a multi-module micrographics'. system. * * A new Insty-Prints instant· printing center opened last week irf Rancho Bernardo, 9474 Black' Mountain Road, Suite A. The nevft franchise is owned by Jim and' Connie Adelman. * * * An incomplete press release from: Primavera Video Productions in; eluded in the column last week failed to mention that the produce~ and director of "California's First, County," a documentary on San) Diego County, were not Primavera: employees. Producer Chip Bruss and director Gary Bulkin are, principals in B&B Communica.. tions. Both B&B and Primavera- won contracts for the county

ton at 1:30 p.m. today.

San Diego, CA (San Diego Co.) Evening Tribune (Cir. D. 127,454)

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Business Matters by Libby Brydolf

AR 231987

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April 9, Diane Ward, a managing partner with Walters & Ward, will discuss living trusts. Marjorie Gilbert of Paine Webber and Patty Ann Born of Clingman Financial Services talk about successes and failures on April 16. The meetings start at 7 a.m. April 28, the group will host San Diego Police Chief Bill Kolender at a special dinner meeting. .. " * At Cipher Data, Roy Ford has come on as v.p. of the ½-inch car- tridge business oup Ford, a former Cipher employee, was most recently president of FRS Inc., a small third party service company he helped found. * * * Scripps Clinic and Research Fou;:.datton Fertility Center has added a third specialist: Dr. Gabriel Garzo formerly a reproductive endocrinologost in reproductive medicine at UCSD. He is responsible for developing new areas of the center's in vitro fertilization program such as em- bryo freezing and the gamete in- tra-fallopian transfer technique. .. " * Megahaus Corp. has tabbed Software Products Interna- tional to distribute its First Im- pression desktop publishing soft- ware package on the foreign mar- ket. SPI will furnish translations technical support and training a~ well as distribution. Six foreign language versions will soon be available. UII *o:·•-~H,*.t••' 111-14~ ,1.,tll, Graphics software firm Megatek Corp., has introduced two new high performance interac- tive display systems. The 9100 is a 3-D display system, and the 9300 is an advanced surface rendering graphics display handling. * ... South Pointe Temporaries has a new "Staff Back" service desig- ned to ease personnel headaches r.,. Gmall businesses. Under the

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;;-,;- Wednesday, March 25 James Buchanan, 1986 Nobel laureate in economics, will discuss his Prize-winning approach to economics and his new research pr-o- gram during an appearance at The Universit · go's Mar,_ chester Conference Center. The lectur 1s free but reservatons are required. Call 260-4585 for information. San Diego Venture Group's monthly meeting will be held at th£ 1 Sheraton Grand on Harbor Island beginning at 11 :30 a.m. The cost Is $30 for non-members with advance registration required. For infor- mation, call 457-2797.

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TIME ADVOCATE, Escondido, Ca ' I

Yeager McKee Thomas McKee is new general manager of operations at Blan- chard Training & Development Inc., a management consulting and training firm founded by "The One Minute Manager" author, Dr. Kenneth Blanchard. McKee will oversee customer service, human resources, shipping and facilities management de- partments. Previously he was a sales rep for

San Diego, CA (San Diego co.) Evening Tribune (Cir. D. 127,454)

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3 1987

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Tuesday, March 24

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Murry Colston JISD B11.Qiness Update semi- nars continue with a talk Friday on contingency,planning' by•Dal'lene A. Pienta, professor of manage- ment. Pienta promises to walk managers through a process of identifying critical success factors in their specific workplaces and how these factors affect the man- ager's reputation as a proactive or reactive manager. On April 3 the seminars continue with a 'talk about drug testing and how it af. fects employee-employer relations. Miriam Rothman, professor of

Wome~ m Sales' monthly . Light~ouse, 2150 Harbor lslan~eir;~g wrll _be_ held at Tom Ham's more information call 578-8706 ' beginning at 5:30 p.m. For Popcorn king Orville Redenb. h . . and entrepreneurial strategies a~ca f;cw;ii d~sc~ss. business methods University of San Die o's Mane u re e~mnmg at 8 a.m. at the Admission is ~5. F~formati~~s~~~I Conference Center. The San Diego Chapter f Th . . Women will hold a dinner mieti eb N~tr~nal Association of Bank 5401 for information. ng egrnnrng at 5:30 p.m. Call 576- ../ t'

San Diego, CA (San Diego Co.) San Diego Union (Cir. D. 217,089) (Cir. S. 341 ,840)

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Monday, March 23, 1987

/p 1 a deduction tax era to an earnings tax era biggest deductions possible. ~qg By C. Hugh Friedman With April 15 JUSt around the cor- ner the millions of American tax- Commentary as salary, or dividend or interest in- come. The Tax Reform Act of 1986 has dramatically altered this equation by switching to an earnings-oriented

Similarly, for persons who ha! a sigmficant increase in income in 1186 (by more than 40 percent of the a~er- age earnings of previous tll'ee years), this return is the last chroce for income averaging so as to redlce tax liability for the current year. The 1986 tax returns will alsi be the last time for taxpayers w do not itemize nevertheless to d ct the fuJJ amount of their contribltims to charities and similar organizat)n. Beginning in 1987, individual ax- payers will get no charitable deoc- tions at all unless they itemize tr,m Likewise, qualifying moving ex- penses can be deducted for J86, whether itemized or not; for 1987md future years, non-itemizers ge 1 no d ductions for such expenses. Deductions for medical costsmd miscellaneous expense:; also ~ve been greatly curtailed. For 1986.ax- payers who itemize may claim :de- duction for medical expenses hat exceed 5 percent of their adjlied gross income. Starting in 1987, 1ch expenses will only be deductibl to the extent they exceed 7.5 perce1 of adjust<'d gross income. And tht'86 return will be the swan-song for Jly deducting a variety of other lsi- ness-related expenses.

Thus, for example, 1986 may be the last year for owners of rental proper· ty to deduct the mortgage interest, depreciation, property taxes, and other expenses against other income. Under the new law, deductions for these expenses can be made only up to the amount of rental income received, or of income from other passive activities. There is a special exception for smaller real-estate investors; i.e. - those who "actively manage" the rental and whose adjusted gross in- come is under $100,000, may deduct up to $25,000 of their rental losses against other income including sal- ary. But this $25,000 loss allowance is phased out for active rental owners with income between $100,00 and $150,000. Of course, the 1986 tax return is not just the burial ground for the de- ductions discussed above. In a larger sense, it may be seen as the final artifact of a deduction-oriented tax era in which, with high tax rates and numerous available deductions, the taxpayer's goal has b€en to make taxable income as small as possible through having (even by buying.~ the

For 1986, taxpayers still get a de- duction for contributing up to $2,000 to their Individual Retirement Ac• count (IRA), regardless of how high their earnings or whether or not they are covered by a company pension. For future years, however, the only taxpayers who may make any tax-deductible contributions to an IRA are those not covered by any employer-sponsored retirement plan, and whose income falls below a cer- tain level. And of special importance to per· sons who have invested in "passive activities" - defined to include real estate or limited partnerships - 1986 is the last year in which to deduct fully losses generated by such invest- ments to offset other types of in• come. With a five-year phase-out similar to that for deductions of con- sumer interest, such passive losses may be used after 1986 only to offset income from passive activities. The rules here are very complicat- ed, but the basic aim is [o prevent losses from such investments from being currently used to wipe out the tax on other sources of income sue~

system. The idea now is that while our taxable income will b€ greater without these deductions, it will be taxed at considerably lower rates. Thus the top individual rates are lowered from 50 percent to 38.5 per• cent for 1987, and down to 28 percent (33 percent for certain levels of in- come) for 1988 and beyond. As a re- sult, deductions won't save as much in tax as before, and become less im· portant. Instead, taxpayers will have incentive to earn more - as much as they can - because they will eventu- ally get to keep more of it. With the completion of our 1986 tax returns, we'll all be turning to planning under the new tax system. In doing so, we'll most certainly have to reorient our thinking about our earnings, about which expenses Uncle Sam will still subsidize as de- ductible, and, in the words of Sen. Bill Bradley, D-N.J., one of the au- thors of the new law, "about invest- ing money to make money, not losing money for tax purp0ses." Friedman is professor of law at J!§lL-- /

The new tax Jaw has created a cat- egory known as "miscellaneous ex- penses," which serves as a collection receptacle for unreimbursed em- ployee business expenses, union dues, professional dues and subscriptions, investment expenses, and other costs such as tax-preparation fees. These will be deductible only to the extent the total exceeds 2 percent of the taxpayer's adjusted gross income. Farewell, too, to deducting all in- terest expense paid during the year. Beginning in 1987, only mortgage in- terest on first and second homes, and on house-improvement loans, may still be fully deductible, along with interest on qualified medical and ed- ucational expenses. Virtually all other consumer-credit interest pay- ments (e.g., interest on car, boat, or insurance loans, or credit-card finance charges, become non-deduct- ible over a 5-year phaseout period. Add tionally, the old, unreformed tax law governing the tax return thats due April 15 gives taxpayers one last chance to take advantage of several other tax breaks that wither or die under the new tax rules.

payer who are preparmg their 1986 tax returns will be aying goodbye to many deduction they have b€come accustomed to using to reduce their taxable income. Commencing with the 1987 tax ct of 1986 - the most extensive re onn of our na• t10n' t&x structure 40 years - has eliminated or curtailed many lamil• iar deduction as a tradeoff for lowering the rate. at which income will be tax d. Filers of 1986 returns face, for the last lime, the steeply graduated tax brackets of the old law, climbing as high as 50 percent. But they also get on last chance to take adv ntage of tax breaks tha are repealed or re- stricted under the n w law Thu , 1986 return. will be the last time to take an itemized deduction for stat and local sales taxe And, for spou who both work, this 1s the la t year to u e that special equaliz· er, the two-earner deduction permit- ting marr1ed t xpayers filing a jomt r turn to deduct 10 pllrcent (up to 3,000) of th lower-earning spouse's incom . year, the Tax Reform