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Wednesday, August 10,1994, “Houston Times-Journal Page 6A Business J? tWIW . * ns ij'|ij^^^H Cawthon joins local CPA firm as account manager By JIMMY SIMPSON Staff Wrltar The firm of McNair, McLemore, Middlebrooks & Co. has announced a new member of their CPA firm. Chesley “Ches” Cawthon, Jr. joined the business on July 18 as a manager in the partnership. Cawthon comes to the firm after a one-and-a-half year partnership with another local firm. “I’m extremely pleased to be associated with McNair, McLemore, Middlebrooks and Company.” Cawthon said. “I plan to provide the same courteous and professional services my clients have come to expect.” Cawthon is a 1978 graduate of the University of Georgia, where he m •»- jjHHL -. [ I v>vvnn \ m \ k£jsßß IHH ( hH Andrews gets promotion at New Perry Nursing Home BY PAULINE LEWIS Staff Writer Joe Andrews was promoted to Administrator of the New Perry Nursing Home on July 18,1994. Prior to the promotion, Andrews was Assistant Administrator for five or six years. He has been an employee of New Perry Nursing Home for 15 years. Andrews is a 1979 graduate of Georgia Southwestern with a BS degree in Psychology. While iln college he worked as a maintenance man in the nursing home. He left the nursing home and moved to Macon County where he did counselling in the Macon County Prison System. He returned to the New Perry Nursing Home in 1981 as Plant Operations Director. He added, “I have done almost all jobs there and we have always tried to provide quality care.” Andrews is married to the former Lois Hall of Perry and they reside at Cherokee Court. Joe’s parents were the late Lillie Brooks Storey and his step-father, the late George Storey. His grandparents were the late Mr. and Mrs. Otis Brooks of Perry. He has Chess Cawthon earned a Bachelor of Business Administration degree with a concentration in accounting. He has a total of 16 years in the accounting field, 14 of those with an Atlanta accounting firm. Cawthon’s main areas of specialization is accounting, consulting, and taxation services to clients working in the construction industry. Cawthon is a member of the American Institute of CPA’s, the Georgia Society of CPA’s, and the Kiwanis Club of Perry. A native of Perry, Cawthon and his wife, Kathy, are the parents of Katie, 3, and Christopher, two months. He and his family attend the Perry United Methodist Church. Joe Andrews one brother, Bill Andrews, who lives in Woodstock. Joe Andrews has one son, Joseph Jr., 19, who lives with his mother in Centerville. Joe Sr. is a 1974 graduate of Perry High School and was MVP in basketball that year. He has refereed basketball for the past 10 years, and also plays golf at the Perry Country Club. There is an ongoing service orientation and test that he must take in Atlanta on a two-year basis to renew his State license. He goes to Atlanta to take this test. In speaking of the New Perry Nursing Home, Andrews said that the Davises (Bill and Wanda) became owners of it in 1973 and have kept good employees throughout the years in order to give quality care. “We will continue to provide the best care possible for residents from Perry and the surrounding area. We welcome family and friends to stop by and visit. “The medical staff attached to New Perry Nursing Home are: Dr Luther Vance, Jr., Medical Director, and Drs. Harold, Palmer, Brantley, Zanghi and Jordan.” A Crosby, Griffin complete design course Pam Crosby and Becky Griffin of Warner Robins, attended and successfully completed Decorating Den Lifestyle University’s Professional Design and Sales course held July 12-22 in Bethesda, Md., announced Dale Bruss, Manager of Training and Education for Decorating Den Systems, Inc. “The course is designed to teach Decorating Den franchise owners design techniques as well as business management, sales and marketing, and product knowledge,” said Bruss. Decorating Den is a full-service international interior decorating company with more than 1,300 interior decorators located throughout the United States, Canada, the United Kingdom, Spain, Australia and Japan. These decorators drive their Color Vans to clients’ homes and offices. Clients PPG boosts economy by $8 million in ‘93 PPG Industries’ Perry flat glass plant boosted the area economy by nearly $8 million during 1993, according to Kris E. McGee, plant manager. This figure does not include the multi-million dollar payroll for PPG associates working at the plant, which McGee said is proprietary information because of the facility’s confidential production process. The largest single segment of the announced economic impact, almost $4 million, was for purchases from 94 suppliers of goods and services in a 50-mile radius which, McGee said, kept Taxes can be hazardous to your health Did the reality of the new tax laws finally hit home? Begin taking ac tion now in preparation for 1994. Some answers in reducing your taxes for 1994 can be found on your 1993 income tax return. Direct your attention to the following items on your '93 return as you prepare to save on your '94 taxes. Dependent-, 1040 Line 6c: Consider putting education funds in your child's or grandchild's name. For a dependent child, the first S6OO in annual investment income is tax free. For a child under 14, the next S6OO is taxed at the child's rate. In both cases, the child's rate is usu ally lower than the parent's rate, giving you a potential tax savings. However, remember that gifts to minors are irrevocable. Taxable Interest, 1040 Line 8a: Review your fixed-income portfolio to determine if you are in vested in securities that make sense Flying offers unique By: JANICE WALKER Fantastic Flyer even more fantastic We mentioned Delta’s Fantastic Flyer program in an earlier column. Now here’s an even better reason to join: you’ll receive a certificate good for travel between September 1 and December 15, entitling a child ages 2-11, to fly for just SSO roundtrip. Additional family members can travel for up to SIOO off roundtrip. To join or order your Fantastic Flyer certificate, call 800- 392-KIDS. This promotion is available first-come, first-served, so act quickly. New Smithsonian exhibit The Smithsonian’s National Museum of American History is boasting a new permanent, interactive exhibit tilled, “Science in American Life,” the 12,000 square foot exhibit traces the course of science from the pioneering of John Hopkins’ chemical lab in 1876 to current topics such as AIDS research and genetic engineering. Admission is free. Call 202-357-2700. Changing your ticket: Some pointers The rules for changing a non refundable airline ticket are changing. Some airlines have eliminated all restrictions on advance purchase fares-they’rc fully refundable or changeable without penally. Where that isn’t the case, the airline will charge a $35 fee (SSO on Northwest). That’s up . from $25 previously. You’ll pay the fee even if you ask to reissue a ticket because the price went down between the time you bought it and enjoy the convenience of having drapery, furniture, carpet and wallcovering samples shown to them in their own home. Clients are able to see how fabrics look beside their existing furnishings, and profit from the experience of a professional interior decorator. Consultations are always complimentary. Entrepreneur magazine listed Decorating den as the number one franchise company in its category in the “January, 1994 Annual Franchise 500” issue; Money magazine listed the company as one of the “10 Top Franchises for the 90’s;” while the November issue of Success magazine ranked Decorating Den as number “8” in its Franchise Gold 100. Founded in 1969, corporate headquarters and training facilities are located in Bethesda, Maryland. many area residents not directly employed by PPG working. Area utility and transportation expenditures ranked second at $3.5 million. Costs for environmental equipment and operation totaled $136,700. PPG and its Perry employees showed their concern for the community by contributing $10,500 to the United Way campaign, and the PPG Industries Foundation made $13,500 in grants to worthwhile programs and projects in the area. The Perry plant melts, forms, and packages specialty float glass products using its proprietary in light of the new tax laws and ris ing interest rates. Municipal bonds may offer more after-tax income if you are in the higher tax brackets. Dividend Income, 1040 Line 9: Does your stock portfolio con tain the proper mix of companies for today's market environment? If you don't depend on dividend in come for day-to-day expenses, you may want to look into adding care fully chosen growth stocks and mu tual funds to your portfolio. Remember that long-term capital gains are taxed at a top rate of 28% versus a top income tax rate of 39.6-. IRA Deduction, 1040 Line 24: Why pay taxes on money ear marked for retirement? Even if you are not eligible for an IRA deduc tion, you should fully fund your IRA account and let the power of tax-deferred compounding work for you. The sooner you make your your flight date. However, most airlines will charge the fee. Smaller tax bit in Big Apple Here’s a little good news: New York is repealing its five percent occupancy tax on hotel rooms costing SIOO or more per night, starting September 1. Even so, remaining taxes in the Big Apple remain high: 14.25 percent, plus $2 a room but then give you a voucher for the same amount good for future travel-if you make the change directly with the airline. The rules are complicated and vary between airlines, so it’s best to check when you make your reservations. Free discount books A free discount program called “Summerspree ‘94” offers discounts for tourists who visit Atlanta this summer. Call 1-800-ATLANTA. The Atlanta Convention and Visitors Bureau will send you free information, including maps, by calling 404-521-6649. And San Diego has a similar offer this summer: call 619-236-1212 for a free value pack with discounts to Sea World, the San Diego Zoo, and other attractions. Label that luggage! With the peak travel season upon us, a reminder: best defense against lost luggage is clear and abundant identification. Most people simply put their home address on the outside. Not enough! Put two clearly-marked tags on the outside: one stating your home address and phone, the other your destination address and phone. Then tape a 3 x 5 card on , Houston Times-Journal Becky Griffin and Pam Crosby. (Contributed photo) For more information, contact Pam Crosby and Becky Griffin, your melting technology. Working around the clock, 24 hours a day, 365 days a year, it services regional furniture and building materials manufacturers, and domestic and international automotive customers. Supplementing its economic contribution, McGee noted, is PPG’s interest in the community, most prominently displayed in its co-sponsorship of the Perry Dogwood Festival 5K Race. It also works with surrounding communities in co-managing environmental issues and corresponding energy needs and invites community residents to open houses and plant tours. IRA contribution, the more time it has to grow. Also, one of the most powerful wealth-builders and tax shelters is in the 401 (K) account.* If your employer offers a 401(K), you can substantially reduce your taxable income by contributing the maximum amount a~lowed. Amount Overpaid, 1040 Line 61: While this may seem like a windfall, what you're really doing is giving the government an interest-free loan. In addition, are you consistently overpaying your state taxes (1040 Line 10)? Adjust the amount withheld from your paycheck or your estimated tax pay ments accordingly. Rather than spend this extra money, consider setting up an investment program using a dollar-cost-averaging strat egy of investing a set amount each month in a mutual fund. A financial consultant can review your portfolio and provide addi- benefits Janice L 1 f Walker I v Travel Center I the inside of each piece providing the same information. Free tips for adventurers Just published: a very useful free booklet from Overseas Adventure Travel, specialists in exotic trips to far-off places. Among the suggestions: •Bring along small toys to help break the ice with local kids and adults. Finger puppets and those small wind-up toys are especially popular. Don’t hand out money or trinkets; however, as this encourages a “begging mentality” among children. •Think carefully before buying antiques. Counterfeits are common and hard for the average buyer to spot. Even with a genuine article, think about whether it’s right removing a piece of the country’s cultural heritage. •On long flights, walk up and down the aisles. Jumbo jets are ideal for this purpose. Strolling the twin aisles of a Boeing 747, tip to tail, 13 times is equivalent to walking a mile. For your free copy of “101 Tips for Adventure Travelers,” call 1- 800-TREK-OAT (1-800-873-5628) during East Coast business hours, or write: “101 Tips,” Overseas Advcnlurc Travel, 349 Broadway, Cambridge, Ma. 02139. local Decorating Den decorator, at (912) 329-0039. In addition to fabricated and flat glass, Pittsburgh-based PPG is a global producer of fiber glass, coatings and resins, and specialty and industrial chemicals. Corporate sales in 1993 totaled $5.8 billion, of which the glass and fiber glass businesses accounted for more than $2.15 billion. Corporate net earnings before the effect of accounting changes were $295 million. structural coverage. If you own rare or expensive items, special contents coverage is available. Keep a list of your valuables in a safe place away from your home. ' I tional information on the strategies mentioned here. This information is based on an understanding of current tax laws. However, it is not in tended to provide tax advice, for which you should rely on your tax advisor, attorney or accountant. And remember... Invest your time before you invest your money. * No taxes are paid on funds in vested in 401(k) plans or IRAs un til they are withdrawn. (Editor's Note - Jake Campbell is a Financial Consultant with The Robinson-Humphrey Company.) Local eateries are inspected A total of 21 county businesses who serve food, including five Perry eateries, have passed food service inspections. The grades are part of a periodic inspection by the Houston County Environmental Health agency. Grades are based on overall cleanliness, employee hygiene, temperature control of foods or food sources, facility/equipment upkeep and storage of cleaning products or toxic materials. Those Perry businesses (grades in parenthesis) included in the latest tesing include: Waffle House (98), Kimberly’s Barbecue (95), Skipper John’s (91), Taco Bell (100) and Streamer’s Lounge at Holiday Inn (99). Warner Robins buisinesses include: A.B.’s Bar-B-Q (95), Checkers Drive-In (98), Dairy Queen (92), Domino’s Pizza (97), Happy Hour Workshop (88), Hunan Lion (100), Mazzio’s Pizza (88), Po Folks (88), Publix Supermarkets (92), Shakey’s Pizza (93), Smoke’s Restaurant & Lounge (100), Texas Cattle Company (88), Tony B’s (77) and Top Wok (98). Domino’s (97) and Kwickie/Flash Foods (100), both of Centerville, were also inspected, as was Singleton’s Service Center (97) in Elko. Grades are derived from three catagories: Excellent (90-100), Good (80-89), and Satisfactory (70-79.