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Show Thursday, Jun 24, a 1982-Magn- Tlmas-Pag- a 3 STATE New ts: rules released affect emerging closely held business SALT LAKE CITY Arthur Young and Company, one of the nations largest accounting and business consulting firms, today released the following analysis of new tax laws affecting emerging doselv held businesses, to evaluating the future of a business, various options exist as to the form of operation the business should take. Although the non-ta- x ' tTHEMdTHER i THE mother earth rates across the board. Effective January 1 . 1982 the top tax rate of 70 percent has been reduced to 50 percent. Asa result, the Individual tax rate now approximates the top corporate rate of 46 percent. These reductions may warrant reconsideration as to whether to incorporate a closely held business a sthey eliminate most of the rate adby doing so. vantages to be gained ' However, a simple comparison of top tax rates is not enough. Business earnings may be such that the corporate tax rate structure can be taken considerations relating to these options are of major concern, changes made by the Economic Recovery Act of 1981 may very well influence a decision as to what form a closely held business should take. Individual Rate Reductions. Corporate rates no longer shelter business earnings to the extent they once did. Beginning in 1981, rate reductions reduced Individual Tax EARTH NEWS NEWS tsa registered trademark o ThE MOTHER EARTH NEWS Inc HOME REMEDIES FOR POISON IVY A Home treatments for poison ivy and oak seem as plentiful and varied as the stars. Readers of THE MOTHER EARTH NEWS frequently write in to offer their own best remedies for summer's "thorn in the flesh". These fellow sufferers all swear by their favorite potions and solutions, so maybe at least one of them will work for you. John Haille of Florence. S.C. recommends a solution of 1 oz. prepared phenol carbolic acid and 15 oz. water. Octagon soap, he says, works almost as well.) Washing with this mixture as soon as possible after exposure, John claims, will eliminate an itching attack. The same preparation can also be used for treatment: The solution stops itching, keeps the area clean, and lets it heal itself. Jewelweed seems to be an especially popular home remedy. Mark W'ilson of Tewksbury, Mass, says to crush this member of the balsam family ( Impatiens biflora I in your hand and apply it directly on the rash several times a day until it clears. He suggests that a convenient way to store this healer is to boil down a quantity of the herb and make ice cubes of the juice. Then you can apply a cube any time the itchy plant strikes you. Lemon juice is a favorite with Stefni Da wn of Beloit, Wis. She suggests washing the exposed area, patting it dry with a soft towel, and then spreading on as much lemon juice as the skin will absorb. She says one treatment is sometimes enough to neutralize the poison . . . but if itching and swelling return, just apply more juice to the area. Stefni claims her therapy will clear up even a severe case within a few hours. Steve Morgan of Branson, Mo. who says he's gone through years of playing the hermit" because of poison ivy, even though he's tried all the medications on the market has finally found his sure-firremedy for the pesky plague: Salt. That's right . . . wet the affected areas and sprinkle on a little bit of good old table salt! Steve warns that this treatment does burn and smart a bit, but for him it makes those itching, weeping bumps go away. Along the same line as the lemon juice therapy, vinegar (apple cider vinegar gets lots of votes) is recommended by many. Nancy Kerson of Willow Creek, Calif, says. "Both my husband and I are very allergic to poison ivy and have found that vinegar is most effective if we use it when the very first signs of inflammation appear. Even if we wait until the rash is well developed, the vinegar still stops the itching better than any of the creams and lotions from the drug store." Well, all of these formulas sound good in theory and if applied immediately after contact many of them may well work to prevent the poison rash but according to a local pharmacist we know, no acid formula is going to clear up the blisters once they've appeared. The poison ivy chemical that causes an allergic reaction in some 75 of the U.S. population urushiol does have an alkaline base. But once the poisonous substance gets into the blood and causes redness and swelling, it can be counteracted only by medicines taken internally. Many of the folk remedies can relieve only the symptoms of your allergy. These potions, as well as commercial products designed for external use, the pharmacist says, merely soothe the itching and keep yqu from scratching and infecting the sores. If you know you've been exposed to the poisonous plants and can quickly wash the areas with a strong soap, you may be able to remove the oils before they penetrate the underlayers of the skin. (By the way, poison ivy cannot be caught and spread by touching the rash unless some of these oils still remain on the skin.) (Phenol-containin- g e For FREE additional information on home remedies and on THE MOTHER EARTH NEWS magazine, send j With LESS1. PO name and address and ash for Reprint No. 548: "Kitchen Medicine" Mail to Doing MORE Boi 70. Hendersonville. N C 28791. or in care of this paper Copyright 1982 THE MOTHER EARTH NEWS. Inc FREE LEAFLET A tasteful collection of recipes is available at a price. Free. The little booklet is stuffed with toothsome ideas on making a variety of delicious dips and other party Thomas J. Lipton, Inc., 800 appetizers. For a copy, Sylvan Avenue, Englewood write to Party Appetizers, Cliffs, N.J. 07632. mouth-waterin- g Individual Rate Reductions and the limits on these corporations them a more viable alter- new limits applicable to native for many more closely held Keogh Plans. businesses. An Arthur and Young Company Under the new act. limits on the publication entitled the Closely Held maximum number of shareholders Business has been prepared adallowed for an elect ing corporat ion has dressing those parts of the 1981 Tax $2,000. been increased from 1 5 to 25. Lifetime Act that will have the greatest impact Although the new law increases the gifts to relatives for purposes of in- on forming, operating, and disposing deductible retirement come splitting or transferring control of a closely held business. It is under should now become available to all but available free of charge through the contribution, contributions corporate plans will still yield a larger the largest famibes. A gift of Sub- Arthur Young Salt Lake City Office deduction in most situations and chapter S stock could effectively shift Arthur Young and Company the despite modifications the existing a portion of the corporate income to a international tax. accounting, difference in allowable deductions will taxpayer who might be in a low er tax auditing, and consulting firm, is a be even more pronounced in the future bracket. The same result can be general partnership. Founded in 1894, as the corporate limit adjustments achieved by gifting the stock to a Arthur Young has 84 offices continue. Keogh and IRA iimits can newly qualified Subchapter S trust throughout the United States. The and the beneficiaries deemed to be firm is a member of Arthur Young only be increased by legislation. The Subchapter S Alternative: For owners. In this way. direct ownership International, whose number firms have offices in more than 300 cities in years Congress has provided the small by relatives is avoided. In addition. Subchapter S cor- 65 countries throughout the free business operation with the alternative of operating in corporate form, porations benefit from both the world. while passing through corporate earnings to shareholders. This special Subchapter S election is especially useful during the early years of a business when losses are expected and to be can through passed By MARYS. ST.CLAIRE Economic shareholders. The ARIES (Mar 21 - April 19) You have many ideas for your future that are constructive and realistic. Carry them one step further by putting them Recovery Act of 1981 enacted changes into being. Friends think youre being aloof, explain that your mind's on business. Its a great week. TAURUS (Apr 20 - May 20 (Singing, dancing, playing games, having fun, is right up your alley at this time. Its amazing but you manage to get all of your work done, while enjoying it. This is also a great week for buying a new car. GEMINI (May 20) Confusion and problems reign. It seems like More registry statistics are also can more handle. Not true. Have faith in yourself and than you theyre used for educational purposes at look at your accomplishments. Pull your energies together and LDSH cancer doctors weekly tumor everything will resolve itself. conferences and workshops. CzNCER(June21-Jul- v 22) Lost items will mysteriously appear. Friends in also a role key They play seen a for time will be seen. You will lose things like your havent inlong you If a surgeon is research. but you wont miss them. Peace, calm and good feeling appear moodiness, of cancer survival rates vestigating and you love them. sufferers who underwent radical 22 ) Good things are happening around you. You love it. LEO(July breast surgery versus those who had comes to you that could be real. Take it apart before even thinking Gossip less serious surgery, he ccan obtain about and then consider the source. A pleasant surprise is in believing, the information from important store for you. registry. Mrs. Gillette says. VIRGO (Aug 22) You can feel very misunderstood and youre The LDS Hospital tumor registry has listed 22.000 patients since it probably right. Be patient with those around you. They dont know. Be yourself. Find someone to do the fun things you planned for this week. began in 1957. Its data is also fed to the W rite in your journal. states central registry, the Utah 22 ) Romance is in your life. Its fantastic. You have an LIBRA (Sept Cancer Registry . The Utah registry belongs to SEER opportunity to sell all of your old things. Clean out your closets and garage. Your loan will go through. Unexpected guests may arrive at (Surveillance. Epidemiology and end dinnertime. Results), a nationwide cancer inSCORPIO (Oct format ion collection agency. 21) Two wrongs dont make a right. Remember that. Opportunities will be coming your way but you may turn themdown Every cancer, except noninvasive skin tumors, is registered. Skin without thinking. Look at the pros and cons before deciding. An old friend may turn up on your doorstep. cancers are very common and are 21 ) You have been thinking up new ways to SAGITTARIUS (Nov c . usually cured early without long-termake money. Your ideas are sound. Kick them around with a friend. therapy, so they arent followed, Mrs. Problems on the job are resolved. A friend will try to make amends for a Gillette explains. Because of their potential problems, wrongdoing. Do you want this person as a friend? all benign brain and pituitary tumors CAPRICORN(Dec22-Ja19) Business as usual can make a person very are also listed in the registry, she boring and dull. Get out more. Spend time with your friends. Appreciate the great outdoors. Go metal detecting. Be watchful while youre driving. reports. Annual follow-u- p letters are sent to Traffic t ickets are possible the physician and sometimes the 19) Inner disturbances can make you ill. Take AQUARIUS (Jan the time to look at them and then ask if that's the real reason youre patient to determine the couse of the From disease. this disturbed. Real friends will be standing behind you no matter what. patients the statisticians Listen to some good music. correspondence, PISCES (Feb. gather the data to determine survival 20)Lessons to be learned can be difficult. They can rates, treatment effectiveness and also be easy. Take your choice. Parterships can be broken up because of other information. moodiness. Do you want a partership or do you want to be moody? Make As president of the state's 50 tumor new plans. GENERAL: Have you ever looked at time. Do you realize that what registrars. Mrs. Gillette says her organization is striving to upgrade you're doing this very minute cannot be changed. That what you have Utah's registries with educational already done cannot be changed. What are you going to do 5 minutes from now? Are you going to be watching television or are you going to read a workshops. Asa member of the National Tumor book that you can learn from. Are you going to be doing something constructive in your life, or is it going to be destructive. Think about what Registrars Association, the Utah group also supports a movement to youre doing or where youre going. Life is too short to be doing nothing or wasting time. Remember also that youre very unique person and you require national certification for all tumor registrars. deserve the very best . Theres no on like you, theres you. You can succeed This requirement could standardize if youll only try. Forgive yourself and your mistakes from the past and know that todays a new day and you have a new beginning. Peace and reporting for all tumor registries, she explains. Light Mary. determining pta milieu annual uemieu benefit accruals. In addition, individuals who partitipate in corporate plans or who make contributions to Keogh plans can not also make contributions to Individual Retirement Accounts (IRA) up to a maximum of advantage of. Liberalized Retirement Savings Provisions: In an attempt to dose the widening gap between corporate pension limits and those relating to Congress plans. liberalized the rules for contributions to Keogh plans. For taxable years beginning after December 31, 1981, the maximum deductible contribution to Keogh plans is increased from 57.500 to $15,000 (or 15 percent of earnings, whichever is less ). There is a similar increase, from $50,000 to $100,000. in the amount of compensation taken into aemunt in in certain making Crystal Gazer... Tumorregistty serves cancer patients SALT LAKE CITY At first glance, it might only seem like a bookkeeping program. But a tumor registry is much more. It often offers hope to the cancer patient and provides important data to the physician. Janet Gillette, president of the Utah Tumor Registrars Association and cancer LDS program Hospital coordinator. g statistics says 21-Ju- meticulously recorded in hospital tumor registries are vital to physicians and patients. Patients, their families and physicians need to know the usual prognosis for certain forms of cancer. They want to know the most effective forms of cancer. They want to know the most effective forms of explains. Thats where the tumor registry comes in. It can provide such information as survival rates and success percentages for different types of treatment, Mrs. Gillette 23-Se- 23-O- treat-ment.s- v says. For example a recently diagnosed breast cancer patient might question her physician about her chances of survival. Based on tumor registry data, he could tell her that, if the cancer is limited to the breast, she has a 60 percent chance of being alive in 10 years. If a woman realizes 60 percent of those with her disease are still alive 10 years later, it eliminates the dread that cancer is always a fatal disease, Mrs. Gillette says. However, if the disease has spread beyond the breast, that survival rate drops to 10 percent in 10 years. These statistics really emphasize the link between early diagnosis and long-- t erm survival." she say s. Of course, these statistics must also be viewed with the understanding that 60 percent of all breast cancer patients are older than 55 years old and may succumb to other illnesses. n . 20-Fe- b r. -- A forerunner of the modern computer was created in 1642 when Blaise Pascal built for his father a small machine that could add and subtract and was worked by geared wheels. WOULD like to lose INFORMATION on weight, maintain Weight, ALASKAN and OVERno drugs, minimal effort at SEAS Jobs, $20, 000 to 3 home. Call year $50,ooo per Call possible. 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