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Show THE HERALD, Provo, UUh, Thursday, March 14,1985 B usmess What is haDDenins on stock markets and the business world - Page 17 J.v '.it Tax Reforms in Wallet Workers Hit to Almost Sure - NEW YORK (UPD No matter what tax reform measures eventually are adopted by Congress experts say working Americans are going to be paying a greater share of health and retirement benefits. "Under any of the various proposed legislation for tax reform, employees are going to be hit in the pocketbook," said James A. Curtis, chairman of Milliman & Robertson, employee benefits sulting firm. Among the Treasury's tax form proposals, con- ton-base- re- 401-- popular plans would be eliminated and employer-paid medical and life insurance would be taxable or partially taxable for employees as would certain other employee fringe benefits. The Tax Foundation, a Washing d non-prof- research it orga- nization, said repeal of the excluhealth sion of employer-provide- d insurance premiums above a cap of $840 a year for individuals and $2,100 for families is ' by far the most significant" for taxpayers. The Foundation estimates repeal of this exclusion would increase tax revenues by more than $24 billion by 1990, but it would affect a large number of employees in an area of deep concern to all of them. ' When the Treasury says it would affect only 30 percent of civilian workers, that's 34 million people and their families,' the Foundation said in a study of the reform proposals. Many of them have come to expect employer-- Business & People Trends Brownhouse Pub. Marilyn Brown, recent editor of Sandy's Randall Book publishers of Paul James' Cougar Tales and the popular game Celestial Pursuit has returned to Utah County to establish a new company, Brown-hous- e Publishing Services. "We are not a publisher, Personal Touch Personal Touch Answering Service has opened at 10 South 300 cast, rrovo. Consultants are but a busi-- 4 i ; supportive ' ' ness to Randall Book and all Oth- Brewi er LDS publis- Mwllyi hers," Mrs. Brown explained. rW "Brownhouse publishing can help potential authors prepare manuscripts for publication, and also act as agent. If a manuscript has been rejected authors often want to know why. Publishers don't have the time to tell tliem. For a fee, Brownhouse Publishing Services yill help authors rework their re-manuscripts, or give Iected new manuscripts. As a past editor at Randall Book, Mrs. Brown saw much material Kith potential not perhaps for the general market but for the family, f Brownhouse Publishing Services plans to serve as a liason for family groups and individuals who are enough to see that their words and actions deserve to be preserved for their children's families to come, '. Brownhouse plans to work out loan programs with lending institutions and has already made steps to add freelance history and edit-tn- g experts to the staff. Mrs. Brown is the author of the Provo novel "The Earth Keepers" and the recent LDS novel contest winner "Goodbye Hello." Her husband is Bill Brown of Bill Brown Realty. They have six children. far-sight- ed i Planning Division of the Newcastle Financial Group. He will discuss "Charitable Remainder Trusts." The public is invited. The luncheon will cost $7. To make reservations, contact Ava at Intermoun-tai- n Financial Group, 3707 North Canyon Road, Provo. Estate Planning The Central Utah Estate Plan-lin-g Council will conduct a luncheon at the Brass Hearth Restaurant in the Holiday Inn Tuesday at oon. I Guest speaker will be Steve D. of the passing, vice-presdie- Drs. Roy 4 A. Hammond and T. Michael Ford. The business 1 iciie n. reeiy. " 31 7r er. ValCom President Bill Fairfield said, "Our agreement with AT&T Information clock' answering and snecLal sprv- - ices such as I 1 Systems brings greater diversity to the ValCom product lineup. It expands and enhances the quality products, service and training we can offer to our busines computers." The addition of the AT&T Personal Computer now makes for a trio of personal computer lines offered by ValCom, which is also i authorized dealer for IBM and ornpaq models. a the! Among services offered are 'around the wake-u- p w Com Computer Center. The new addition to ValCom includes the AT&T Personal Comput- : 1 J if i ArleaePMry yi calls, pager and vacationer service. For additional information, tact the office. it conEvetya iokaum Raad JokMM Video Production For the second year in a row, Video Production Company of Provo has captured the Grand Award in the Salt Lake Video Show, sponsored by T.V. Specialists of Salt Lake City. The winning entry, a promotional presentation produced for Utah Valley Regional Medical Center, entitled "The Winning Team," competed against over 60 other productions submitted by producers and production facilities located throughout Utah. Video Production Company, owned by Don Muirhead and D. k Scott Elder, is located in the building at 750 N. 200 W. Suite West-par- 301-- recent agreement reached be- tween ValCom and AT&T Information Systems has brought an ex- Rand Realty Rand & Evelyn Johnson, realtors of Century 21 Rand Realty, just returned from attending a three day course on marketing manage- ment. Its purpose was to provide skills in effective management programs, market analysis, advertising, public relations, and sales pro- motion. Rand & Evdyn learned bow to plan and manage profit oriented marketing programs, market analysis, advertising, public relations, and sales promotion. Dr. Robert Moody Dr. Robert L. "Von" Moody, D.O., has recently joined the medical staff of Orem Community Hos- Snyder Computers A m r pital. panded product line to Snyder Computer Center of Provo, a Val- - Moving to Utah County from Tempe, Ariz., Dr. Moody has assumed the practice of Dr. Reid Bullock. A family practitioner, his office is located at 506 East 800 South, Orem. Dr. Moody graduated from Arizona State University with honors in biology, and worked for two years in a masters degree program in microbiology at the University of Arizona. A 1976 graduate from the University of Health Sciences in Kansas City, Mo., he completed his internship at Phoenix General Hospital. Dr. Moody also has extensive background in sports medicine, having worked with the NFL Kansas City Chiefs, and the NBA Phoenix Suns. For the past 7V2 years he has been in Family Practice and also the team physician for Tempe High School. The father of six children, he enjoys music, tennis, skiing, hunting, and hiking as hobbies. Am. Greetings major increase in business for American Greetings display fixtures has led to a decision to reopen the company's Payson plant, which closed two years ago. "There has been a 30 percent increase in fixture usage by our own accounts in the last few years, and the division's outside display A business has doubled," said Chuck Nervig, AG Industries President. "The move will bring back ten jobs to the plant to meet fixture de- mands." The Payson plant, built in 1977 as a manufacturing operation, will now be used as a warehouse and distribution center serving large national accounts west of Utah. "Reopening Payson will provide faster service and enable our sales staff to respond better to the needs of our West Coast accounts," Nervig said. "About 20 percent of the futures we make at our Forest Qty, N.C. plant will be distributed from Payson." Mel Bunch, Plant Manager at Forest City, and Distribution Manager Leroy Prkr? will direct the Payson operation from the North Carolina office. On-ftsupervision of the employees will come from te two former Parson employees, David Burton tod Norma Peterson. Watters of the Foundation. "It's a question of whether companies wil be willing to make up for the income that will be lost through provided health benefits and it will for be "extraordinarily difficult companies to shift such a significant part of the cost burden to employees. "Wage and salary income been a declining part of total pensation and benefits have increasing precisely because are not taxable," said Dr. extra taxes." The Foundation have estimates that proposals would com- the retirement been they mean only $1 billion in additional revenue by 1990, but Curtis beis sure to go. lieves 401-- Elsie Accountants Fear IRS, House Panelists Told - It is no UPI WASHINGTON against them or their clients. Noll said these accountants secret that many Americans dread the Internal Revenue Service this time of year, but it appears such fears are nothing compared to the nightmares of the average account- would not cooperate with him even with assurances of protection from Congress and promises their names would not be revealed. "The extent of this fear of the ant. Ronald Noll, a spokesman for the Pennsylvania Society of Public Accountants, told a House subcommittee earlier this week many accountants he contacted were so afraid of the IRS they were unwilling to discuss IRS problems with him so he could prepare his congressional testimony. In one case, Noll said, an accountant was convinced that witnesses at a scheduled Senate Finance Committee hearing on the IRS next week in Philadelphia would be issued hoods to put over their heads to protect their identities. Noll, in a statement submitted to a House Ways and Means Committee panel, said many accountants he contacted refused to talk with him for fear of IRS retaliation We IRS is unconscionable," he said. "One member told me, and he honestly believes it now, that those who are testifying at the Senate Finance Committee's hearings (on the IRS) in Philadelphia next week will be given hoods to wear so the IRS won't know who they are," said Noll, a Malverne, Pa., accountant. "Maybe he would not give me information because I told him I would not be wearing a hood he added. "That the IRS has sunk so low in public opinion that a responsible to-da- accountant honestly believes he needs a hood to protect himself from IRS retaliation, indicates that the service's problems are deeper than that of a balky computer." help families recover Urn alcohol and drug dependency. Alcoholism and Drug Dependency are treatable illnesses. You can get help for yourself or for a family member. 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