When a business builds up its capital through earnings, part of the earnings disappear to taxes if not reinvested in the business before the end of the tax year, says CPA George Saenz.
REHOBOTH BEACH, Del. -- The "no vacancy" signs outside hotels, sunburned families packing boardwalk amusement rides and thousands of students working in surf shops and souvenir concessions along the avenues suggest that the beach economy is booming this summer.
Open House takes a look at cities likely to recover first from the real-estate slowdown, a luxury boom in North Texas and Phoenix neighborhoods with high foreclosure rates.
San Francisco filmmaker Ernie Fosselius made the most successful short film of all time in the 1978 Hardware Wars, an inspired, mock-trailer for a nonexistent, cheapo rip-off of Star Wars. It worked like this: instead of Chewbacca, Fosselius offers the Cookie Monster. Instead of Darth Vader's breathy, slightly echoed voice emerging somehow behind that black-mask helmet, we get a villain whose every ranting utterance is so muffled even this film's Princess Leia equivalent beseeches him, "What? I don't understand you." And so on. Part of the joke is that George Lucas's revolutionary special effects are supplanted by common kitchen gizmos--mixers, toasters--that serve as spaceships and weapons sources. The updated special edition contains 20 computer-generated "special defects" that don't--the distributor boasts--at all match Fosselius's earlier version. Um... right on? --Tom Keogh
It's Christmas in the tech noir slum of the post-apocalyptic future, and scrap-metal sculptor Stacey Travis gets a present she'll never forget. Scavenger boyfriend Dylan McDermott returns from the wastelands with the insectoid robot head of a killing machine. In no time it whirs to life and builds itself a gizmo-laden body out of handy appliances to continue its single-minded destruction of the human race, one warm body at a time. Director Richard Stanley, something of a scavenger himself, plunders everything from The Terminator, Blade Runner, and The Road Warriorto Short Circuit (the spidery construct resembles a demonic Number 5) for his violent flesh-vs.-metal survival thriller. Shot in sun-blasted orange and sweltering red, it's a triumph of style, set design, and grunge aesthetics over story, driven by a pounding techno score by Simon Boswell and punctuated by splattering gore. --Sean Axmaker