17 August 2013Bafana Bafana produced an impressive attacking performance to defeat Burkina Faso 2-0 in a Nelson Mandela Sport and Culture Day clash at the FNB Stadium in Johannesburg on Saturday afternoon.The match was watched by, among others, former Presidents FW de Klerk, Thabo Mbeki and Kgalema Motlanthe.Coach Gordon Igesund made five changes to the starting eleven from the team that went down to Nigeria on Wednesday, with Bafana’s overseas-based players having returned abroad. He would have been happy with what he saw from the South African-based line-up.Man of the matchMan of the match Siphiwe Tshabalala was super-industrious for the home side and was rewarded with an excellent goal, while Bongani Zungu made an impressive debut alongside him, as did Marc van Heerden at the back.From the start of the contest, Bafana Bafana took the game to the Africa Cup of Nations’ runners-up, controlling possession and moving up and down the field more effectively as a unit than their red-and-green clad opponents.Yet, a goal in stoppage time by substitute Luyolo Nomandela was needed to secure the victory. If there was one criticism one could level against South Africa, it was that they should have finished better. They took many shots, but far too many of them failed to find the target.‘I’m happy’“They could have scored more, but I’m happy they are creating chances,” Igesund said about his charges afterwards.Playing in front of a festive crowd, Bafana began well, putting the Burkinabe under early pressure. Reneilwe Letsholonyane had a good opportunity to head the home team into the lead, but his effort was wide of the goal.Left back Marc van Heerden then produced a fine cross, but without reward. Shortly after that, Tshabalala, who had numerous shots on goal, had a shot blocked. He was also wide of the mark a few minutes later.In the 17th minute, Bernard Parker came close to putting South Africa in front. but Mohamed Kabore, in the Burkina Faso goal, managed to push the ball just over the crossbar.GoalShortly after that, in the 22nd minute, Bafana Bafana hit the front, courtesy of Tshabalala, whose low shot found the bottom left corner of the Burkina Faso net, after he had combined well with Bongani Zungu.David Mathebula nearly doubled South Africa’s advantage from a free kick, but Kabore was up to the challenge.Tshabalala fired off a couple of long range efforts without troubling the Burkina Faso goalie, while Parker had a shot blocked. Letsholonyane then found the visitor’s upright with a header as the hosts pushed for a second goal before the break.Second halfIgesund’s charges continued to press after the restart and Parker could have made it 2-0 in the 56th minute, but his header was directly into the goalkeeper’s arms from close range while unmarked. Two minutes later, the Kaizer Chiefs’ marksman had a goal disallowed for being offsides.Moments later, the striker again had a shot blocked and when Siphiwe Tshabalala tried to follow up on that, his effort deflected high and into the goalie’s hands.Bafana kept pressing and Tshabalala skied a shot from the right after being fed by Reneilwe Letsholonyane. A snap shot from the dreadlocked Kaizer Chiefs’ star then failed to deliver the curl he desired on the ball and passed right of the Burkina Faso goal.UnmarkedAfter a turnover, Tshabalala played a ball in to an unmarked Parker, who was in an ideal position to score. The pass lacked the pace it needed, however, and a defender was able to nip in and knock the ball away for a corner. From the corner, Tshabalala sent another shot high over the goals.In the 69th minute, Parker was fouled outside the Burkinabe’s box. Marc van Heerden then found the Burkina Faso crossbar with a fizzing, dipping left-footed shot and the ball rebounded back into play.After winning another corner, Hlompho Kekana blasted a shot from range, but the ball rose above the goals and passed harmlessly behind for a goal kick. Lebogang Manyama was then wide of the mark from the left after being fed by Parker.HighTshabalala, Lerato Chabangu let fly with a free kick from outside the box after Tshabalala was fouled. Like so many of Bafana Bafana’s efforts, it flew high over the goal.Kekana fired off a decent shot, but it took a deflection and went behind for a corner. From the corner, Parker forced a save low to the goalkeeper’s left.At last, Burkina Faso countered and Adama Zerbo was wide with a a tame effort from distance.With three minutes left, the Burkinabe managed to outflank Bafana Bafana on the right, but a dangerous cross across the face of goal failed to find a Stallions’ foot to steer it into the net.Another late Burkina Faso attack, in stoppage time, came to nought when a shot was steered straight at Khune.Victory ensuredLerato Chabangu ensured the Bafana Bafana victory moments later, when he got onto the end of a cross from a swift counter-attack and fired a powerful strike at goal. The goalie parried the ball, but it sat up invitingly for substitute Luyolo Nomandela, who couldn’t miss and made it 2-0 to the home team.Moments later, the game was over and South African captain Itumeleng Khune was left to lift the trophy the two teams had been contesting.
Share Facebook Twitter Google + LinkedIn Pinterest Brian E. Ravencraft, CPA with Holbrook & ManterIs your farm operation a bona fide business or more of a hobby? There is a difference in the eyes of the IRS and knowing how to classify your entity is crucial when it comes to your taxes. It affects the way taxes are filed and what can be deducted.Determining if an activity is engaged in for profit is based on the facts and circumstances of each case. However, IRS regulations provide nine factors to consider. These factors are frequently applied in relevant case law. Although certain activities are more susceptible to the hobby loss taint, no activities are immune.Section 183 of the tax code governs “hobby losses.” This section of the tax code was passed so Congress could close down what it perceived as inappropriate farm and horse shelters. The “Safe Harbor” law sets up a presumption that if an activity shows a profit in three out of five tax years, then the taxpayer is engaged in it to make a profit. In the case of horse operations, the business must show a profit in two out of seven tax years. There are nine factors the IRS uses to determine hobby farm losses. Let’s take a look at just a few of them here. Factor: The manner in which the taxpayer carries on the activityThe IRS will look at your intentions when it comes to your farming operation. Are you doing what you love in the hopes of making a profit? If so, you are probably keeping a separate set of books, have a separate checking account, etc. If you take part in the operations that are necessary to run a successful and profitable business, you most likely won’t fall into the hobby category. Factor: The expertise of the taxpayer or his or her advisorIf you have expert level knowledge pertaining to your field, this will be taken into consideration. If your skillset and background speaks to the nature of your operation, you could be looking at a business classification as opposed to hobby. For example, if you run a horse farm and you are an accomplished rider or a veterinarian, you could be considered an expert in your field. If knowledge and the arenas that it allows you to be a part of position you to run an operation that grows and makes money, business might be your classification. Factor: The time and effort expended by the taxpayer in carrying on the activityWhether or not you hold another job outside your farm operation is a factor that the IRS uses when weighing in on if you are business or hobby. If you are working a full-time position and farming here and there on the side and bringing in minimal if any cash flow from your efforts, that is much different than devoting much of your time to the operation and bringing in a large profit. Factor: The amount of occasional profits, if any, which are earnedMaybe you didn’t enter into your farming operation with the intent to make money, but over time, it’s happened. Your potential to make increased income and the amount of money you actually make will matter to the IRS when deciding if you have crossed over the hobby threshold into business territory.Again, these are just a few of the factors that are evaluated for tax purposes. None of the nine factors controls the profit motive determination, and meeting a preponderance of those factors doesn’t indicate whether or not the necessary actual and honest profit motive is present in a particular activity.Keep in mind, even if your income is small and determined to be hobby, it cannot be ignored because IRC Sec. 61(a) provides that gross income includes income from whatever source derived unless there is a specific exclusion. There is no exclusion for hobby income. Hobby income is reported on page 1, line 21, of Form 1040. It is not subject to self-employment taxes because a hobby is not considered a trade or business.For more information or for assistance in business or hobby farming, please contact Holbrook & Manter, CPAs. We’ve been assisting farmers of all types for over nine decades and have four locations to serve you, Brian E. Ravencraft, CPA, CGMA is a Principal with Holbrook & Manter, CPAs. Brian has been with Holbrook & Manter since 1995, primarily focusing on the areas of Tax Consulting and Management Advisory Services within several firm service areas, focusing on agri-business and closely held businesses and their owners. Holbrook & Manter is a professional services firm founded in 1919 and we are unique in that we offer the resources of a large firm without compromising the focused and responsive personal attention that each client deserves. You can reach Brian through the firm website at:www.HolbrookManter.com
Share Facebook Twitter Google + LinkedIn Pinterest All data suggests above normal temperatures will persist into autumn. However, it should be noted that the above normal temperatures will be driven more from the night time lows than daytime maximum temperatures. This means we do not expect many days above about 90 for the maximum temperatures. So that is some good news.There is also some more good news. There are rain chances in the next seven to 10 days across Ohio. However, confidence is low on the placement of rainfall. It appears the heaviest rain will be along and east of Interstate 71. Rainfall totals of one to three inches are possible east of I-71 the next two weeks. Normal rainfall is about 1.5 to two inches inches so above normal rainfall is expected there. West of I-71 it is more unclear on how much will fall. We do expect rainfall but the further northwest in the state of Ohio the less. Indiana will see even less rainfall. Rainfall totals northwest of I-71 will be more common less than 1 inch than more. Isolated places could get limited amounts.The outlook for the rest of August calls for temperatures 1 to 5 degrees F above normal and rainfall below normal northwest half and normal or slightly above southeast half. The outlook for September calls for continued above normal temperatures and rainfall at or below normal. Evapo-transpiration will also continue at or above normal into September.Looking further ahead, the main pattern change from warmer and drier to cooler and wetter may not come until November or December as a possible La Nina influence kicks in.
Carlo Biado in the inaugural WPA Players Championship. Photo from WPA website (wpapool.com).MANILA, Philippines— A possibility of an All-Filipino final in the WPA Players Championship looms after Filipino cue artists Carlo Biado and Johann Chua entered the semifinals of the inaugural tournament in Las Vegas.Both players face Taiwanese competitors in the semifinal with Biado facing off against Chang Yu Lung and Chua tangling with 2015 US Open champion Kevin Cheng.ADVERTISEMENT Chua survived another thrilling encounter, overcoming Greece’s Nick Malaj for a come from behind 10-9 win in overtime of the round of 16. He easily beat Vietnam’s Duong Quoc Hoang, 7-3, to book a ticket in the final four.World no. 3 Biado, meanwhile, also needed the extra time to beat Yang Ching Shun of Taiwan, 8-6, in the round of 16 before tripping USA’s Shane Van Boening with a convincing 7-4 win to advance.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsEarlier, Chang ousted another Filipino bet James Aranas, 8-6 then knocked out hall of famer Ralf Souquet, 7-5, to advance to the semi.The semifinal will be played in a race to nine, alternate break format. Private companies step in to help SEA Games hosting LATEST STORIES Cayetano: Senate, Drilon to be blamed for SEA Games mess Philippine Arena Interchange inaugurated Don’t miss out on the latest news and information. Hontiveros presses for security audit of national power grid SEA Games hosting troubles anger Duterte MOST READ Grizzlies’ Kyle Anderson undergoes surgery on right shoulder DA eyes importing ‘galunggong’ anew Trending Articles PLAY LIST 00:50Trending Articles03:47Tropical Depression ‘Quiel’ enters PAR00:45Onyok Velasco see bright future for PH boxing in Olympics02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss View comments Panelo: Duterte ‘angry’ with SEA Games hosting hassles Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue Sports Related Videospowered by AdSparcRead Next
Ranger manager Steven Gerrard has lauded the additions of Jermain Defoe and Steven Davis to his squad this January.Defoe is on an 18-month loan from Bournemouth, while Davis has returned to Rangers from Southampton on an initial six-month loan subject to international clearance.Defoe made his intention for the club this season known via Twitter where he tweeted: ‘Let’s bring that trophy home boss.’Gerrard who played with Defoe in the national team told Daily Mail:Owen reveals why Liverpool didn’t offer Gerrard a new contract Manuel R. Medina – September 6, 2019 According to Owen, the Reds wanted to sell Gerrard two years before he left the club and that’s why they didn’t offer him a contract renewal.“He is an exceptionally talented striker and vastly experienced footballer who has scored goals at every club he has played for.“He will be a great addition to our dressing room and we look forward to integrating him into the squad whilst we work in Tenerife over the next week.”Steven Gerrard’s Rangers are hoping to lift the Scottish Premier League this season after a long period of dominance by defending Champions Celtic.