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Show Oriental Store Sprouts Business Sandy Contemplates Industrial Complex A mushrooming demand for Oriental food has forced Sam Wee, owner of the Oriental Food Store on 7th East, to expand his store space by ten times. Like the Tin Man in the Wizard of Oz, Sandy 50 percent and weve caught up with City is in search of a heart. Everybody needs ourselves. a heart, even a city, said Ed James, city We want to be prepared when business planning director. wants to locate here, James said. More specifically, Sandy wants to hire a The new 4300 square-foo- t addition is now under construction. Wee said he plans to stock the same items planner to study the feasibility of building an 1800-acr- e complex including industrial buildings, shopping mall, civic center, resort complex and residential area. The proposed site is between 82nd and 114th South and State Street and the Jordan River. Before launching such a project, James said, the city wants to invest $14,000 in the proposed feasibility study to analyze items like property value, who owns what, where the utilities are, and the demand for industrial and commercial structures. The city has applied for study funds from the Department of Housing and Urban Development (HUD) through the Community Development Act. The first phase of the citys master plan, called Concept 2000, has just been completed. This phase developed strategy for land use planning, defining which areas should be commercial, which should be parks, where schools should be, and specifying the density of residential areas, James explained. The effort was expected to be the subject of public hearings this week. Designing a zoning map will be the second phase of master planning, James said. Sandy in 1970 was growing at a rate of 500 percent a year, he added. Now were down to Geneva Readies for New Mill he carried in the smaller store, but provide customers with greater variety. "We have been supplying mostly Korean, Japanese and Chinese food. In the new store we will also provide food from Thailand, the Philippines, India and Vietnam, Wee explained. MONEY Shakedown operations are underway on the h new blooming mill at U.S. Steels Geneva Works near Provo to prepare equipment and crews for full production later this year, Ralph W. Seely, vice president and general manager, Western Steel Division TO 40-inc- LEND announced Saturday. The new rolling mill completed this month represents the largest investment for new steel production facilities at Geneva since 1946. Construction began in 1974, including the addition of a 65,824 square foot building at the north end of the Geneva structural mill to house the new facility. According to Seely, the facility will improve steel rolling operations at the plant and boost Genevas capability to produce d finished and steel products for customers in the 13 western states. Mortgage financing, risk venture capitoi. Specialized (secured) loans for projects. For further information, call 531-660- 6. cAV ana cf'fi.ocLat.6, semi-finishe- Death and Taxes BACK TO SCHOOL by Rex Keeler, Manager, Executive Tax Service Educational courses from advanced quantitative analysis to auto mechanics may be deductible expenses on your income tax return. The Internal Revenue Service has outlined general requirements for the deduction of educational expenses (even if they lead to a degree) as ordinary and necessary business expenses. If you are an employee, these expenses must be itemized on your return to obtain the tax benefit. You are entitled to deduct the cost of a course necessary to update or review business skills, and courses which are required by your employer or by law as a condition to retain your job. (This last guideline does not include courses taken to meet the minimum educational requirements of your current position). But an now offers its rural setting two additional days each week. in the course does not assure you a Educational expenses have frequently been A deduction. characterized as personal and consequently This usually occurs when the education acquired qualifies you for a new trade or business. For example, you may take courses leading to a law degree which are required by your employer or helpful in your present business. Nevertheless, because the courses these expenses are still qualify you for a new trade or business (even if you maintain non-deductib- non-deductib- your present position). le. Enjoy French cuisine le The courses may not qualify you for a new trade or business, but instead a change of duties within your business. These courses are deductible. The distinction between qualifying for a new trade or business and change of duties is sometimes nebulous. As a guideline to distinquish between these characteristics, the following examples are deductible as changes in duties: A. Elementary to secondary school classroom teacher. Classroom teacher in one subject (such as B. mathematics) to classroom teacher in another subject (such as science). C. Classroom teacher to guidance counselor. D. Classroom teacher to principal. Most education expenses are usually determined by the The trend in taxation toward specific facts involved. educational deductions is becoming more liberal. The taxpayer with novel expenses will benefit in the future if this trend continues. Wednesday through Saturday Brunch on Sunday and a Basque style dinner Sunday evenings 1 Phone 942-175- 1 for reservations. |