NEW HA 



RE NEWS 



PIONEER POINTERS 



4^0 



^i^ 



Using Fringe Benefits to Tax-Plan 



Tax planning is a method to manage income tax liability in your busi- 

 ness. Planning for retirement and having a medical plan are, of 

 course, necessary facts of life, but — at the same time — they can provide 

 you with attractive tax benefits. Here's an example: 



Assume a grower is in the 31% tax bracket. His spouse is the book- 

 keeper, but is not on the payroll. The grower pays for medical insurance 

 and a retirement plan for his employees. By adding his spouse to the pay- 

 roll, the grower can deduct the medical insurance premiums for his 

 spouse's family coverage as well as a contribution to a retirement plan — 

 such as a SEP (Simplified Employee Pension)— for the both of them. These 

 deductions can provide real tax savings. 



If, for example, the medical insurance were $4,000 annually, the savings 

 would be $1,240 ($4,000 x 31%); if the SEP contribution was $10,000, the sav- 

 ings would be $3,100. The total tax savings the grower could realize is $4,340. 



Proper tax planning is often overlooked, usually because of unfamiliarity 

 with agricultural tax laws and the benefits to which growers are entitled. 

 Keep in mind that it is sometimes impossible to escape/eliminate Uncle 

 Sam's tax bill if your business is beyond a start-up phase and is achieving 

 healthy growth and profits each year. However, there are ways — such as 

 the above — to minimize and manage your tax liability. (S.W.) 



First Pioneer has an experienced lax staff knowledgeable in farm lax law. Our staff can 

 help meet your lax needs regardless of how your business is organized or the type of 

 returns required. For information, contact the Bedford office at 1-800-825-3252. 



continue all winter and Merrymeet- 

 ing Gardens will be open next 

 spring. For more: Les and Nathalie 

 Turner at 603-859-3030. 



And Manchester. 



The New Hampshire Orchid Society 

 now meets at a new spot — the 

 IVlanchester City Library on Pine 

 Street. With members attending on 

 a regular basis increasing, they 

 needed more room and now have 

 use of both a 75-seat meeting hall 

 and a 100-seat auditorium; other fac- 

 tors deciding the move were better 

 audio/video facilities, more parking, 

 and better public exposure. 



The Society still meets on the 

 second Saturday of each month. 

 Meetings usually include a workshop 



and a speaker. On lanuary 11, the 

 speaker will be Fred Hillerman from 

 Angraecum House of California, 

 who'll be speaking on angrae-cums. 

 On February 8, the speaker's Robert 

 Fuchs, from RF Orchids of Home- 

 stead, Florida; his topic is "the 

 Vanda Family." 



For more information, contact 

 loanna Eckstrom at 603-456-5070. 



Proven Winners 



It's not unusual to see NHPGA 

 bisomesses featured in various pub- 

 lications. Demers Garden Center, 

 D.S. Cole Growers, Rye Ridge Green- 

 ery, and Spring Ledge Farm all 

 come to mind. But it is special to 

 be part of a cover story of a na- 



Association Officers 



President 



BOB DEMERS, |R. 



Demers Nursery & Garden Center 



656 South Mammoth Road 



Manchester, NH 03103 



625-8298 



Secretary I Treasurer 



CHRISTOPHER ROBARGE 



UNH / TSAS 



Horticultural Facilities Manager 



Durham, NH 03824 



862-1074 



Directors 



TAMMY HATHAWAY 



61 Squamscott Road 



Stratham, NH 03885 



778-3912 



ANN HILTON 



4 Karacull Lane 



Pittsfield, NH 03263 



435-6425. 



HENRY HUNTINGTON 



Pleasant View Gardens 



RFD #3, PO Box 3701 



Pittsfield, NH 03263 



435-8361 



ROBERT RIMOL 



17 Wyndmere Drive 



Londonderry, NH 03053 



425-6563 



PETER VAN BERKUM 



4 lames Road 



Deerfield, NH 03037 



463-7663 



tional magazine and Henry and Jeff 

 Huntington's appearance on the cov- 

 er of October's Greenhouse Grower in 

 relation to an article on Proven Win- 

 ners should be duly noted. It 

 should also be noted that Henry 

 will be speaking about Proven Win- 

 ners at the NHPGA Winter Meeting 

 on January 21 and that he may more 

 fully discuss some of the new mar- 

 keting and expansion plans touched 

 upon in the article. 



DECEMBER 1996 



lANDARV I 997 



