Subchapter S tax benefits for small business highlighted
A Town Society CPAs series notes Subchapter S firms with up to ten shareholders avoid corporate tax and gain fringe benefits. Bergstrom cites tax-free income through group policies and pensions, with 15 percent of U.S. corporations in Subchapter S. New limits from 1971 cut deductible pension contributions to 10 percent or 2500 dollars, prompting calls for uniform deductibility across formats.
MENTIONED IN THIS ARTICLE
Nels Bergstrom
Iowa Society of Cpas
Bergstrom
Congress
Subchapter S
Internal Revenue Service
Muskie May Back Off Troop Withdrawal Stance
Senator Edmund Muskie, after a two week European and Middle East tour, said he now has second thoughts about unilateral U.S. troop withdrawals from Europe. He linked withdrawal to East West Germany policy, Berlin talks, and a European security conference, while praising SALT talks and backing UN envoy Gunnar Jarring in Middle East peace efforts. He met leaders in the Soviet Union Israel Egypt and West Germany without revealing details of conversations.
MENTIONED IN THIS ARTICLE
Washington
UPI
Sen Edmund
Muskie
U.S
Europe
Mike Mansfield
Foreign Relations Committee
Middle East
West Germany
Berlin
Soviet Union
Western Europe
United States
Israel
Egypt
Alexei N
Detroit Police Commissioner to join weekly radio show
Detroit Police Commissioner John F. Nichols will appear on a weekly program answering listener questions. The show is titled Buzz the Fuzz and will feature questions from the audience.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Detroit Police
John F.nichols
Two tankers collide under Golden Gate Bridge spill in San Francisco
Conservationists fear oil threatens marine wildlife as two ships collide near the Golden Gate. Coast Guard crews began cleanup after a gash tore the Oregon Standard and the Arizona Standard, releasing hundreds of thousands of gallons of crude. Birds and sea life suffer while responders employ straw, pumps, and boats to curb the slick.
MENTIONED IN THIS ARTICLE
San Francisco
UPD
San Francisco Bay
Golden Gate Bridge
Pacific Ocean
Coast Guard
Standard Oil Co
Oregon Standard
Arizona Standard
Audubon Society
Santa Barbara Channel
Union Oil Co
Hickel criticizes Nixon policy approach in interview
Former interior secretary Walter J. Hickel, two months out of office, urged President Nixon to adopt policies benefiting the public rather than the Republican party. He urged decisions for the next generation over election-year considerations, criticizing White House staff for influencing cabinet policy.
MENTIONED IN THIS ARTICLE
Washington
UPI
Walter J. Hickel
Nixon
Republican Party
Hickel
Alaska
Swank
Watergate Hotel
White House
Dear Abby Answers Smoking Etiquette and Dog Advice
Dear Abby offers guidance on handling smoke during lectures and how to address a neighbor who smokes, urging polite action or moving. She also answers letters on dog discipline, slot machine winnings, and a request to “get acquainted” with a guarded dog, advising humane, respectful approaches and clear boundaries.
MENTIONED IN THIS ARTICLE
Smoked
Abby
Tom
Abby’s book on letter writing offered for $1
An invitation to obtain Abby’s book How to Write Letters for All Occasions by sending $1 to Abby at Box 69700 Los Angeles California 90069. The flyer urges readers who dislike writing letters to acquire practical guidance.
MENTIONED IN THIS ARTICLE
Abby
Los Angeles
Cal
Also Mentioned on This Page
Subchapter “S
Town Society of Certified Public Accountants
Middlesbrough
England
London
Social Services
Keith Joseph
House of Commons
Ira A. Wagner
Curtis C. Long
Die IN
Denver
Timmy Adams
Michael
Steve
Chris
Debbie
Frisco
Orschein’s
ORS
Cae
Washington, Iowa
Member
Federal Deposit Insurance
Lucky
Box
Terry Coca
Aidimiral
Atenta
Admiral
Raat
Payne’s
Dial
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