West Knoxville, TN March 2023 by City Lifestyle

Trial by Fire

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LIFESTYLE LETTER

Home.

March 2023 PUBLISHER

Marc Rochelson | marc.rochelson@citylifestyle.com EDITOR

Jennie Treadway-Miller | jennie.miller@citylifestyle.com

So much contained in that little four-letter word. Home is our grounding. Our base. Our launchpad. It’s where we start and end each day. And while the particulars look different for each of us, the meaning and value it holds for all of us is undeniable. Author Wendy Wunder said, “The magic thing about home is that it feels good to leave, and it feels even better to come back.” When we started planning the Home issue, we knew we wanted to offer stories that would be useful but also inspiring. We strive to introduce readers to new people and new ideas, so when we reached out to Preston Farabow about his iron work, we learned that he’s on the cusp of kicking off his nonprofit – the Ferre Beau School of Thought. With the mantra that fire can be transformative, he has his sights set on helping others learn life lessons about hard work, trial and error, and resiliency. We also interviewed Allison Bolt, owner and operator of Knoxville Home Organization. If you are in the Sandwich Generation like she is, this article is for you. We could all use a little help navigating this specific season of life – caring for aging parents while on the tail-end of parenting kids. If you have spaces in your home that need attention, or your parents want to age in place, Allison can help. We are proud to continue the Shoebox Collection series with the Knoxville History Project. This month, Jack Neely and Paul James share photos from the Post Sign Company from the 1920s and 30s. Their wealth of information about the history of our town never gets old. As you flip through the pages of this issue, we hope you’ll feel encouraged and connected to the people around you - in your city, neighborhood and most all of - your home. We feel proud to create a resource that is valued in our community and strive every month to deliver the value you expect. Thanks for letting us be a part of your home. M A R C & A M Y, P U B L I S H E R S @WESTKNOX VILLELIFEST YLE

MAR KET SUPPORT MANAGER

Carol AuBuchon | carol.aubuchon@citylifestyle.com COPY EDITOR

Patricia Broyles CONTR IBUTING WR ITER S

Aaron Nolan, Jack Neely, Paul James, Mital Patel, Chelsea Bauer CONTR IBUTING PHOTOGR APHER S

Shawn Poynter, Ben Finch, Megan Clute Photography, Megan Haun Photography

Corporate Team CHIEF EXECUTIVE OFFICER Steven Schowengerdt CHIEF SALES OFFICER Matthew Perry CHIEF FINANCIAL OFFICER DeLand Shore DIRECTOR OF SOCIAL MEDIA Mindy Hargesheimer ART DIRECTOR Sara Minor OPERATIONS DIRECTOR Janeane Thompson WEB APPLICATIONS Michael O’Connell AD DESIGNER Evan Deuvall LAYOUT DESIGNER Kirstan Lanier

Learn how to start your own publication at: citylifestyle.com//franchise

Scan QR code to visit our Instagram CIT YLIFEST YLE.COM/ WESTKNOX VILLE |

Proverbs 3:5-6 West Knoxville Lifestyle™ is published monthly by Lifestyle Publications LLC. It is distributed via the US Postal Service to some of the West Knoxville area’s most affluent neighborhoods. Articles and advertisements do not necessarily reflect Lifestyle Publications’ opinions. No portion of this magazine may be reproduced in any form without written consent. Lifestyle Publications does not assume responsibility for statements made by advertisers or editorial contributors. Information in West Knoxville Lifestyle™ is gathered from sources considered to be reliable, but

L I F E ST Y LE LE T T E R

the accuracy of all information cannot be guaranteed.

Local, Family-Owned Salons for Over 40 years

Did you know that Ross the Boss Salons is a small business? Did you know we are a locally-owned business that includes Knoxville and surrounding areas like Maryville and Morristown?

Not many people do. So, we’re here to spread the word Many of our guests assume we are a large company spread across the U.S. Maybe it’s because we have numerous salon locationscurrently ten. In the past, Ross the Boss has spread further geographically with more locations. But in the end, we’ve found that keeping salons “close to home” is logistically practical, especially for Allen, our warehouse manager! Do you know how far he drives to deliver a box of perm solution when a salon is out of stock and has a perm scheduled on the books?! Yes, perms are still a thing! And yes, we will do everything in our power to accommodate your hair needs, even if it means driving an hour one way to deliver the necessary goods! Additionally, we want our guests in the community to have options. Should you not be able to get Downtown Knoxville painting by stylist Vickie Owens

into the location near your home or office, there are other locations available close by. You can find them on our website at rosstheboss.com. And if you need help getting an appointment click the “get an appointment” option and we’ll direct you to a location convenient for you. That’s part of the beauty of our company. While we are a company of nearly 100 employees, most all our staff have met one another through company gatherings, trainings and education opportunities in neighboring salon locations, or by our employees Facebook page where we give shout outs to stylists, cheer each other on, share life milestones when prayer or support is needed, and simply stay in touch! Community is important to us: both inside our company and out. Stop in and say hi, introduce yourself. Let us know how we are doing or how we can support your small business as we are thankful for so many who have and continue to support ours.

Stop by one of our

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Salon Locations: Center Park · Moss Grove · Forest Park Fountain City · Chapman Hwy. · Emory Road Powell · Oak Ridge · Maryville · Morristown

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Go Vols!

MARCH 2023

inside the issue The Home Issue

F E ATU R E D

D E PA RTM E NTS

16 Ready Your Home for an Electric Car

Lifestyle Letter

Our Town A RTS + C U LT U R E

Business Monthly

Money Matters FI NA NC E + LEGA L SE RV IC E S

Driver’s Notebook AU TO + MA R I NE

Realty Report R EA L ESTAT E

Inspired By A RTS + C U LT U R E

Events

Home Update LO CA L S ERV I C ES

Locally Sourced S HO PPI NG

Legal Compass FI NA NC E + LEGA L S ERV I C ES

Mr. Electric Can Help

20 Trial by Fire

Blacksmith Preston Farabow Focuses on Transformation

28 Relief Is In Sight

Reclaim Your Life and Home with Knoxville Home Organization

40 The Post Sign Company

The Latest Installment of Knoxville History Project’s Shoebox Collection

O N T H E C OV E R

Photography: Shawn Poynter Preston Farabow of Ironwood Studios

Offering superior service as Knoxville’s home expert for all of your real estate needs. REALTOR

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“When you work with Lori, you truly experience the best of the best.” Buyer

“You will never find a more reliable, trustworthy, or hardworking realtor than Lori. She works nonstop and truly fights for her clients.” Seller

LO R I G A N O O: 865.588.3232 C: 865.640.5980 realtyexecutives.com/agents/lori-gano

124 N. Wins ton Rd. Knoxv ill e, TN 3 7 9 1 9

MARCH 2023

business monthly A round-up of exciting news from local businesses.

Big Ears Festival Big Ears will celebrate ten years as “one of the world’s greatest music bashes” (The New York Times) when it returns March 30 through April 2. Big Ears is a weekend of surprise collaborations and unexpected artistic collisions, celebrating the never-ending adventure of creation and exploration. The Big Ears Festival, a nonprofit organization, reaches thousands of people each year through free concerts, artist residencies, and community partnerships. View the line-up and purchase passes at BigEarsFestival.org.

2023 Winter Featured Gardens

Spine & Sport Opens The Nest

Carve out some time the weekend of March 17-19 to explore two local spectacular winter gardens. Two Knoxville residents are opening their properties to garden enthusiasts for self-guided walking tours. Sponsored by Dogwood Arts, the event is free, though a $5 donation per garden is suggested and appreciated. Comfortable walking shoes are recommended. For more information, visit DogwoodArts.com/ featuredgardens

East Tennessee Spine and Sport is now offering the only specialty Pelvic Health Physical Therapy in the area. The Nest is a comprehensive, multidisciplinary model of healthcare including pelvic health physical therapy, psychology/counseling services, fitness services, nutrition, and lactation services. The Nest is an open and safe space for all-whether that be male, female, or any member of the LGBT community. For more information, visit EastTNSpineSport.com/ locations/the-nest.

Scan to read more.

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Get in touch by heading over to our landing page to connect: CityLifestyle.com/WestKnoxville

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Whole Lighting Systems are Best for a Home Office With more people working from home, the home office has become an essential space, especially when it comes to lighting and outlets.

We have the power to make things better! Proper Lighting for Video Conferencing

Lighting and Your Health

When choosing home office lighting, consider the

Poor lighting can be detrimental to productivity, causing

importance of looking your best for video meetings.

eye strain, headaches, drowsiness and difficulty focusing.

Windows provide natural light, but may produce glare.

Excessively bright or harsh lighting can also impact

Overhead fixtures work well for overall lighting, but may

productivity. Light with a color temperature of 5000 Kelvin

not be adequate for video meetings or working at night.

yields the best results--a slightly warmer shade than

A complete lighting system incorporating overhead,

natural daylight, yet still crisp and clear.

ambient and task lighting can be adjusted for time of day, outside light and reflections.

Fixtures for Different Needs

Protecting Your Equipment When upgrading office lights, consider adding outlets, USB ports and surge protection. An electric panel

When designing a home office lighting system, remember

upgrade may be necessary for complicated equipment.

that fixtures come in a variety of shapes and sizes and can

Inconsistent or insufficient power can sometimes damage

serve multiple purposes.

internal components. A dedicated computer circuit will

•

ensure a steady power source.

A desk lamp can function as task lighting and add a decorative element.

•

Overhead lighting can provide ample illumination without glare and sometimes serve as task lighting.

•

Task lighting comes in a variety of styles—recessed, pendants, or overhead.

•

Track lighting is the most flexible option and offers different fixtures which can be positioned as needed.

•

Pendant lights can stand alone or as track lighting, creating a “studio” effect that presents well on video.

Don’t let an insufficient lighting or electrical system detract from a positive home office experience –

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Complete Electrical Evaluation (844) 866-1367 ADBV MrElectric 204 Fox Road Knoxville, TN 37922

Ready Your Home for an Electric Car ARTICLE BY WKL TEAM

D R IV E R’S N OT E BOOK | AUTO + MARI NE

The electric commercial vehicle market is on an upswing. If 2022 is any indication of what’s to come in the next few years, chances are you’re also in the market to buy an electric car. We reached out to Avery Pennington, owner and operator of four locations of Mr. Electric, to see what homeowners need to consider when purchasing an electric car.

WHAT ARE SOME THINGS TO CONSIDER WHEN IT COMES TO BRINGING HOME AN ELECTRIC CAR? We like to do a site visit to figure out whether it will be simple or complicated. If there’s an existing electrical panel in the garage, the charger can be installed there. If the panel is in the house, then we have to evaluate all the possibilities. How old is the panel? Is it already overloaded? Could we install a sub-panel? It’s not always an easy answer because the amount of time to charge a car depends on the usage and efficiency of the plug. So, we assess the house and can recommend chargers. Level 2 is the most reasonable option.

WHAT ARE ALL THE CHARGING OPTIONS? Level 1 is the base level using a standard 120-volt wall plug. It can take up to 24 hours for a full charge. Level 2 uses a 240-volt outlet and is up to 15 times faster than a Level 1. It can fully charge in about 8 hours. A 240-volt outlet, like used for a clothes dryer, requires an electrician to install a dedicated circuit and is an efficient option for home charging. Level 3 is the quickest way to recharge using a DC fast charger (direct current) at 480+

volts, but this option is only available for commercial/public use.

HOW LONG DOES A CHARGE LAST? Miles per charge primarily depends on battery size in kWh (kilowatt hours). The largest electric car battery is 100kWH, which can provide more than 300 miles per charge in some models. Currently, most electric car batteries will give you about 200 miles per charge.

ARE THERE ANY SAFETY CONCERNS? Old electrical panels are a concern. If the house was built in the last 10-20 years, it’s doable, but if the panel is 50 years old, we won’t add more pressure to it. We have a lot of experience with upgrading homes for electric cars. We can do a free safety check while we’re there to evaluate the home. There is a dispatch fee to evaluate the home for an electric car, but we’ll check the rest of the house while we’re there. Some providers might have tunnel vision on a light switch or something and not pay attention to the whole system, but we spend hours every day discussing how to take time to do a thorough inspection of the home and explain our concerns to the customer. We often get asked, ‘What would you do?’ and my reply is always, ‘I would do as much as I could without taking food off the table.’ We’re not trying to run anyone into the ground, but we want their home to be safe. It’s a significant system in the home and there is a lot of room for failure. For more information, or to schedule a consultation, visit MrElectric.com/knoxville.

If 2022 is any indication of what’s to come in the next few years, chances are you’re also in the market to buy an electric car.

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I NSP IR E D BY | A RTS + CULTURE

ARTICLE BY JENNIE TREADWAY-MILLER PHOTOGRAPHY BY SHAWN POYNTER

trial fire BY

Metal is the most malleable of all materials. The hotter it gets, the more pressure you can apply. Then, change is inevitable. The process of blacksmithing in itself is therapeutic – the scorching hot metal, the slamming and pounding of the hammer, all your strength and focus, the sweat on your brow, the clank and bang echoes around you. “Fire is formative,” says Preston Farabow, “and failure is inevitable, but learning from it is what matters.” This is part of the creative life. Try, fail, try again, maybe fail again. Hammer in hand, try again. Preston has called Knoxville home since 1987. He started his creative work at the College of Design at North Carolina State University with intentions to go into architecture, then product design. However, by 1985, Preston was in rehab.

BLACKSMITH PRESTON FARABOW FOCUSES ON TRANSFORMATION

CONTINUED >

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I NSP IR E D BY | A RTS + CULTURE

“It took a few years to get my life together. I found a group of people in recovery here who really supported and embraced me, but it was also the landscape, the mountains,” he says. “I went back to school at UT and enrolled in the College Scholars Program, which is where you get to design your own curriculum. I studied sculpture, creative writing, anatomy, and philosophy. I taught myself how to weld, and the metal offered the right resistance. It felt right.” It must have felt right because Preston eventually became the go-to guy for custom pieces in private homes, large-scale pieces for businesses such as Altar’d State, and artistic pieces created for Red Bull. “I’d travel with [Red Bull’s] NASCAR team and build sculptures out of wreckage in front of a crowd,” says Preston. “I love what I do for a living, and I love sharing it.” By the late 90s, he knew he wasn’t a “design for the masses” maker. Preston wanted to create one-of-a-kind pieces, not one of many. He spent a decade moving his studio from one spot to another until finding the ideal permanent spot at 119 Jennings Avenue with woodworker John M cGilvray. Together, the pair share Ironwood Studios. Though they primarily work independently of one another, they’ve occasionally collaborated on pieces where both metal and wood were required, such as on staircases and doors. “Our best work is achieved through collaboration,” says Preston. “I actually started First Fridays in Knoxville. When I started my business and had employees, I’d cook for them on Fridays. Then they started inviting friends and family, and I was losing a day a week cooking for everyone. So, I moved it to the First Friday of the month, and then I was also cooking for artists and graduates, homeless folks, and even the mayor, Victor Ashe. It started on the loading dock of the McClung warehouses. I carried it on for three or four years, and then the city decided to take it. Mine was more about the massive potluck, but it became a marketing tool for Knoxville, which is awesome. I was thrilled they wanted to embrace it.”

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“Fire is formative, and failure is inevitable, but learning from it is what matters.” Preston has continued to open his doors to people, though now it’s less about potlucks and more about instruction and second chances. He is passionate about cultivating creativity in others, providing room for folks who want to learn a new skill and build a better life. That’s the energy he poured into building his business, and it’s the same energy he’s now pouring into his nonprofit, Ferre Beau School of Thought. “Creativity is not an exclusive language to be spoken only by artists. I think any career benefits from a creative mindset,” he says. “I’ve always understood the potential for metal work as a mechanism for change in myself, for transformation. At its roots, it’s about changing the shape of things. I’ve always had an incredible safety net with great parents, so I know I come from a place of privilege. I feel a need to give back and provide a safety net for others.” The Ferre Beau School of Thought – a nod to the French spelling of his surname – is in its early stages of official development. Though the idea has been building in Preston’s mind for eight or nine years now, it’s about a month away from achieving its 501c3 status, and the ideal location for the school is yet to be found. He’s always looking though. “I don’t know what the school will end up looking like, but I’ve never been more certain about anything in my life that this is what I’m supposed to do. It does take a village, and I’ve spent years identifying the village chiefs,” he says. “I’ve looked at abandoned buildings, even churches, which feels appropriate – a holy ground where people could come and be transformed. I have no shortage of

I NSP IR E D BY | A RTS + CULTURE

support from the community. Getting the 501c3 will be significant, then finding a space.” The initial project for the school – a large-scale outdoor piece – is already designed and somewhat underway. Preston has been collecting scrap metal from around Knoxville for years, and it’s these pieces he wants to use to construct the structure, complete with a legend on-lookers can use to identify where each scrap came from. Though the details of this project are currently under lock and key, Preston is confident that the right stop for this sculpture will present itself. “Our ideal spot is Krutch Park, and we’ve discussed that with the city,” he says. “Finding the movers and shakers to make that happen would be awesome.” For Preston, his namesake School of Thought is just around the bend. He can visualize all of it – the people, the work, the impact. It would be a place for at-risk teens, those out of prison and in need of learning a trade, people in some measure of recovery. He sees them on the anvil, at the forge, crafting and creating something that will eventually bend itself into a transformed life. Fire is crucial to the process, and once the school is underway, he wants to add more trades that use fire for transformation – ceramics, glass blowing, foundry work. “I named it the School of Thought because it’s a mindset. In those times of difficulty, in that fire, you’re given choices, and you can make destructive choices or creative choices. I’ve done both, and my desire now is to teach creative decision making,” says Preston. “Nothing is irreconcilable in metal work.” View Preston’s work at Aespyre.com.

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Relief Is In Sight Reclaim Your Life and Home with Knoxville Home Organization

ARTICLE BY JENNIE TREADWAY-MILLER PHOTOGRAPHY BY MEGAN HAUN

The Sandwich Generation – middle-aged folks who are still raising kids but also on the hook for helping their aging parents. This transitional season of life can be fraught with stress, worry, and exhaustion, and according to Pew Research Center, more than half of Americans in their 40s (and more than 30 percent of people in their 50s) are currently experiencing the squeeze of being pushed and pulled in multiple directions. One area of contention is centered squarely around the brick-and-mortar home, or rather, the stuff inside it. “One thing that happens a lot is adult children calling me for their parents because they are ready,” says home organization expert

Allison Holt. “But when I ask them if they’ve talked to their parents, they often say no. The assumption is that an organizer is going to come in and throw everything away. Some people are ready to embrace where they are and let go of the past stuff so they can hold onto something else. Some aren’t. It’s about finding a balance.” Allison knows all about what it’s like to live sandwiched between her adult children and her mother and mother-in-law, both widowed, in their 80s, and still living independently. With more than 26 years of experience as a licensed Physical Therapy Assistant, it was her keen knowledge of function, dexterity, coordination, and other physical factors that

CONTINUED >

H OM E U P DAT E | LOCAL S E RVI CE S

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prompted her to start her own home organization business ten years ago with a specific focus on helping people age in place. “Part of my process in that first phone call – the Discovery Call – is to ask how ready they are for change. Are they willing to let go? People are usually honest. If they say they aren’t ready, then I’ll say, ‘think on it and call me back in six months’,” says Allison. “We do some measure of coaching, walking them through the process. Memorabilia is the hardest, but we don’t start with those things. That’s the last thing.” Knoxville Home Organization isn’t exclusively an aging-in-place business. Allison has had plenty of clients who need help cleaning out garages, reworking multi-purpose rooms, and scaling down belongings for empty nesters. However, Allison encourages everyone to think ahead and not wait until Mom or Dad has an emergency and the house suddenly needs to be wheelchair friendly. “The word I hear the most is overwhelmed. Following that would be shame and embarrassment. They don’t understand how they got here with the stuff. It’s almost like a confessional,” says Allison. “Part of what I recognize over the years is the gap between adult children and aging parents. They’ll bring things to me and say, ‘I’ve been saving this for my son,’ and I’ll say, ‘Have you asked him if he wants it?’ We’ll snap a photo and text the question to connect that gap. It provides an opportunity to address all the stuff and then it will lead to questions about if they have a will. It seems morbid, but I want to help people at my age so it’s not so touchy and taboo. We want to be proactive instead of reactive.” If the Discovery Call reveals that the client is indeed ready to do the work, then Allison sets an in-person consultation to review the space, discuss goals in more detail, and discern the next course of action. For the motivated person, sometimes an Organizing Blueprint is enough. Allison creates a plan of action, follows up with accountability phone calls, and stops by on occasion to check progress.

CONTINUED >

H OM E U P DAT E | LOCAL S E RVI CE S

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“Structure and momentum are big things we bring to a project. Yes, it’s a service, but it’s also a relationship we’re building.”

However, most of her clients opt for the Done-For-You service, which involves a team of folks who walk alongside the homeowner on whatever project needs to be completed. Some clients prefer to be present for each step, but there are also clients who’ve handed Allison the keys and trust she’ll carry out the work within their agreed-upon parameters. Trust is crucial here. Allison is quick to say that nothing is thrown away without the client’s consent. “We decide, based on what they’ve said and what I see, to get started with a team of guys and gals in a decluttering phase. We go through things that they must keep. We go through closets and discuss what sizes can be gotten rid of, what styles are out, professional clothes they don’t need… We reiterate their goals and the things they’re willing to get rid of,” says Allison. “If someone wants to touch every little thing before it’s gone, we’re probably not a match. It would take too long. I did more one-on-one in the early years, but we have a team approach now. It’s efficient, so we can get you to your outcome more quickly than if you were on your own.” The two biggest hurdles when it comes to home organization that involves some amount of downsizing are decision fatigue and addressing the emotional component of meaningful belongings. There are a lot of decisions to make when it comes to sorting through boxes, bins, closets, and garages.

H OM E U P DAT E | LOCAL S E RVI CE S

Knowing where to begin can be a paralyzing concept, one that prevents many people from tackling the same goal that resurfaces each year, wondering if this is the year they’ll finally clean out the attic. “The questions I ask help us eliminate a lot of things. We don’t open the junk drawer and ask you if you want to keep each thing,” she says. “There are questions I guide them through: Do you use it? Do you love it? Does it fit? They’ll eventually get to, ‘Why did I keep this?’” Technology is handy when it comes to memorabilia, particularly loose photos that can be digitized, while prioritizing function can help with meaningful gifts or hand-medowns from loved ones. “An object triggers a memory, so some of the thought processes we go through are asking if there is something else in your home that’s from your grandmother that’s already displayed or useful? If so, we can get rid of the teapot in the back of the cupboard that’s never been used,” she says. “Structure and momentum are big things we bring to a project. Yes, it’s a service, but it’s also a relationship we’re building. We come into their home. They are trusting us with their personal things. Sometimes people need to go to counseling and work through some things, but we all have to deal with this stuff.” For more information, or to schedule a Discovery Call, visit KnoxvilleHomeOrganizer.com.

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Mital with William "Bill" D. King

An Accountant’s Perspective on Legal Business Structures Having structured countless businesses in our community, I find it beneficial to work closely with my clients’ accountants. When it comes to strategic and operational advice on running a business, the accountant serving my clients is in the best position to create the most advantageous results for the business owners. I have enjoyed learning about frequently asked questions that I often receive

from William “Bill” D. King’s perspective. Bill is CEO of Accountants and Business Advisors, Inc. (ABA) and serves professionals and small businesses nationwide.

MITAL: HOW DOES THE LEGAL STRUCTURE OF A BUSINESS AFFECT THE TAXES? Bill: A fundamental issue that needs to be decided by small business owners is whether

ARTICLE BY MITAL PATEL | PHOTOGRAPHY BY MEGAN CLUTE PHOTOGRAPHY

L EGA L C OM PASS | FINANCE + LE GAL S E RVI CE S

or not they would like to utilize a Pass-Through Entity (“PTE”) versus a stand alone entity (such as a C corporation). PTEs are generally preferred, as the entity itself does not pay any tax. Instead, the income or loss flows through the individual owner – and the owner pays taxes on their personal return for the income from the PTE. Conversely, C corporations pay an income tax of 21% - and dividends are generally “Qualified Dividends” that result in capital gains tax for the owner when distributions are made. This “double taxation” is generally not advantageous to small business owners.

MITAL: WHAT LEGAL STRUCTURE DO YOU RECOMMEND AND WHEN? Bill: Business owners need to have entities in place to protect them from liability. Having a business entity can also facilitate significant income tax strategies. The most common structure is a Limited Liability Company (“LLC”). LLCs can be sole proprietorships, partnerships, C corporations, or S corporations. Most small businesses are best served to have an S corporation election filed for their LLC, which allows them to extract funds from the business (once overhead is paid) for business expense reimbursement to themselves, salary, and dividends [which are officially called (“Shareholder Distributions”)].

MITAL: WHAT ARE THE THREE MUST-DOS FOR BUSINESS OWNERS TO HELP THEM AVOID TAX PROBLEMS AND AUDITS? Bill: First, report all income. Deductions taken for expenses may be debated or challenged by the IRS, but the outcome of a denied deduction is simply a payment of income tax, plus penalties and interest. Conversely, failure to report all income is considered fraud – and can be elevated to a criminal level by the IRS. Second, understand all payment requirements and filing deadlines – and comply. This includes income tax requirements, payroll tax requirements, and sales tax requirements.

Third, if your business suffers losses in consecutive years, be sure to take all appropriate steps to conduct all activity as a true “Business”. This means separate accounts, recordkeeping, marketing strategies, and so on.

MITAL: WHEN A BUSINESS OWNER COMES TO ABA FOR AN ASSESSMENT, WHAT ARE THE TOP THREE MISTAKES WE SEE THAT HAVE LED THEM TO A HIGHER TAX BURDEN? Bill: 1) Not understanding which legal structure best helps minimize their tax burden. 2) Failing to understand all eligible “Business-Related” expenses for which they can be reimbursed – including, but not limited to home office, automobile, social activities, travel, and meetings in their home. 3) Failure to include family members with lower tax brackets as employees or potential owners.

MITAL: WHAT WOULD YOUR ADVICE BE TO AN OWNER SELLING THEIR BUSINESS TO HELP THEM MITIGATE A LARGE TAX BURDEN? Bill: First and foremost, get coaching from people who understand your options – and do this a few months or even years prior to the sale. Make sure your advisors are familiar with deferred sales trusts, private placement life insurance, opportunity zones, and the plethora of other tax mitigation strategies available to help reduce or eliminate capital gains tax when your business is sold. The bottom line is that business owners need to solicit advice from professionals familiar with all the income tax opportunities available to small business owners. They then need to comply with proper execution of strategies, proper documentation, and all other aspects of tax mitigation, putting them in the best possible place to have the least amount of income tax burden and to be able to properly defend themselves in the unlikely event of an audit.

MITAL D. PATEL, ATTORNEY TriAmicus Law, PLLC | (865) 217-1154

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The Post Sign

THE KNOX VILLE

Company Collection

CONTINUES ITS

ARTICLE BY JACK NEELY AND PAUL JAMES

Broadway Viaduct, 1930s

Clinch Avenue, 1920s

H I S TO R Y P R O J E C T SHOEBOX SERIES

At the nonprofit Knoxville History Project, we are always on the lookout for old images for our Knoxville Shoebox digital collection. If you have interesting photographs, postcards, or brochures, from any era, we’d love to hear from you so we can preserve the visual history of Knoxville and make it available for researchers of the future. This month we present four photographs from a collection of almost 100 images taken by the Knoxville-based Post Sign Company to document their finished sign products in use by its customers during the 1920s and 1930s. Founded in the 1880s, Post Sign Company was a well-established Knoxville firm known for its electrical and neon signs. The company is notable in retrospect for having employed—at least briefly at its Gay Street location—artist Beauford Delaney, of future international renown as an abstract impressionist. The Knoxville Museum of Art now owns more Beauford Delaney works than any other art institution in the world. The Post Sign Company collection, shared by Jody Davis, provides an unusual urban documentary-like view of the city.

TENNESSEE GENERAL BUILDING, CIRCA 1925 This photograph shows the intersection of West Church Avenue and Market Street looking north toward Market Square. The billboard above the rubble advertises the pending construction of the Tennessee General Building designed by Barber & McMurry in 1924. Completed in early 1926, it was among the tallest buildings in Knoxville. It’s also notable for the exterior ironwork

O UR TOWN | ARTS + CU LTURE

by Ukrainian-born Samuel Yellin (18851940), a master American blacksmith. Yellin’s work can be also found on the Alumni Memorial Hall at UT and the Candoro Arts & Heritage Building in Vestal. Across the street from the proposed development is the Empire Building, which had claimed to be the city’s tallest building in 1901. That building was razed in the early 1970s, but the Tennessee General Building still stands. Shared by Jody Davis.

Gay Street, 1925

100 BLOCK OF GAY STREET, 1925 This photograph, looking south on the 100 block of Gay Street, was taken just before the construction of the Sterchi Brothers’ Furniture headquarters, which would soon rise in the vacant lot behind the fence on the left. To the left of the Washington Avenue-bound streetcar is the Commerce Building (now mostly residential), and the Rebori Building, formerly the public library. The buildings in the center of the picture represent the eastern section of the 200 block that was demolished to make way for the Summit Hill Drive redevelopment project in the 1970s. Shared by Jody Davis.

Tennessee General Building, 1925

CLINCH AVENUE, 1920S This somewhat blurry snapshot shows a congested Clinch Avenue, looking east from Market Street, with ca. 1920 automobiles, parked bicycles, and an electric streetcar approaching. On the right is the marble Custom House, which then housed the city’s main post office. In the background is the surprisingly lean Burwell Building, before its 19271928 additions, which would include the Tennessee Theatre. In front of the Burwell is a mid-19th-century building known as the Fouche Block that was the subject of a failed preservation effort. It was demolished in 1993. Years later, the East Tennessee History Center expanded into the site. Shared by Jody Davis.

BROADWAY VIADUCT, 1930S A motorist heads north along the Broadway Viaduct in the 1930s. That viaduct was constructed in the early 1920s and almost a century later was

The mission of the Knoxville History Project (KHP) is to research, preserve, and promote the history and culture of Knoxville, Tennessee. demolished and rebuilt, re-opening last year. The Crane Company building on the left, part of the row of Jackson Avenue buildings that included the C.M. McClung Warehouses, were poised for redevelopment before they caught fire and burned down in two enormous blazes early in the 21st century. On the horizon, on old Gallows Hill (now Summit Hill), the cluster of houses are now all gone, replaced by Ryan’s Row townhouses in the 1980s and the new condominiums known as City House Town Homes. Shared by Jody Davis. CONTINUED >

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learn

Learn more about Knoxville’s rich history with Historic Knoxville: A Curious Visitor’s Guide to Its Stories and Places by Jack Neely

The mission of the Knoxville History Project (KHP) is to research, preserve, and promote the history and culture of Knoxville, Tennessee. Through research and engaging programs, KHP tells the city’s stories, focusing on those that have not been previously told and those that connect the city to the world. KHP’s stories, programs, and publications educate and help residents and visitors understand the city’s past and its complicated but dynamic heritage, and also inspire an appreciation for the city’s culture.

O UR TOWN | ARTS + CU LTURE

Donations to support the work of the Knoxville History Project, an educational nonprofit, are always welcome and appreciated. KHP’s best seller, Historic Knoxville: The Curious Visitor’s Guide and the latest collection of stories, Knoxville Lives IV, is available at knoxvillehistoryproject.org and local bookstores, including Union Ave Books. To get in touch, call (865) 337-7723 or email paul@ knoxhistoryproject.org. Learn more at KnoxvilleHistoryProject.org

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The Case for Spending More (or Less)

ARTICLE BY AARON NOLAN, CFP ® | PHOTOGRAPHY BY BEN FINCH

M ON E Y M AT T E R S | FINANCE + LE GAL S E RVI CE S

“Did I need that painting? Absolutely not. However, looking back on that day, I am proud of deciding to spend money on something that made me happy.”

I have never quite understood art. When people talk about how a painting makes them feel certain things or evokes emotions, my internal response is often to roll my eyes. When the time came to furnish and decorate my house a few years ago, I made the easy decision to stay away from art. That all changed during a recent trip to Home Goods. On a quiet Saturday afternoon, I turned into one of the people that I have scoffed at for so long, and something happened – I felt something while looking at a piece of art. The painting itself was simple: a cream-colored circle positioned above a black half circle. However, there was no denying that it made me feel peaceful, warm, and happy. After staring at it for a few minutes, I convinced myself that I didn’t need it and left the store. The next morning, I woke up with the painting still top of mind, and after some additional thought throughout the day, I caved and went back to buy it. Did I need that painting? Absolutely not. However, looking back on that day, I am proud of deciding to spend money on something that made me happy. I often don’t like spending money on myself. I will happily spend money on others or save, but rarely will I buy something nice just for me to enjoy. For some reason, I have always thought that I would be able to turn on my “spending switch” when I retire down the road. Working with families along their financial journeys has shown me that in most cases, that is easier said than done. Whether we realize it or not, we are all building habits each day that are shaping how we will view money for the

rest of our lives. Most people either save aggressively their whole lives only to spend very little of it during retirement, or they are aggressive spenders and don’t have enough saved. The sad reality is that if you are a natural saver during your working years, your disdain for spending money will probably only get worse during retirement when you stop earning a salary. Conversely, if you are a natural spender, your love for spending will likely remain during retirement. A healthy balance between saving and spending is essential for a healthy financial life. Perhaps the easiest way to train yourself to find balance is by determining whether you are an aggressive spender or saver and begin to occasionally do more of whatever is contrary to your nature. Perhaps you need to say yes to buying that painting or turning on automatic savings from your paycheck each month. While the remedy will differ for each person, the one commonality we can all agree on is that while financial balance can be tricky, it is well worth pursuing.

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MARCH 2 0 2 3

realty report A sample of recently sold properties in West Knoxville. NEIG HBORHOOD

ORIG IN AL PR I C E

S O LD PR I C E

% S O LD/ O R I G

DOM

B DR M S

B AT H S

10221 Thimble Drive, River Sound

$3,475,000

$3,650,000

105%

7341 Misty Meadow Place, Westmoreland Hills

$2,225,000

$2,174,000

98%

5.5

2517 Woodland Reserve, Woodland Reserve

$1,800,000

100%

3.5

3664 SW Talahi Drive, Sequoyah Hills

$1,395,000

$1,339,000

96%

3.5

1521 Britling Drive, Kensington

$1,099,900

$1,100,000

100%

3.5

6808 Glenbrook Circle, Forest Brook

$880,000

100%

3.0

1516 Botsford Drive, Kensington

$799,900

$815,000

102%

2.5

9401 Clingmans Dome Dr., Northshore Town Center

$895,000

$800,000

89%

2.5

6717 Stone Mill Drive, Westmoreland

$769,000

100%

3.0

1436 Bronze Lane, Hunters Glen

$757,500

$767,963

101%

109

3.5

409 Anteelah Trail, Anteelah

Auction

$653,950

100%

3.0

706 Kempton Rd, Westborough

$679,900

$642,000

94%

3.0

315 Seven Oaks Trail, Seven Oaks

$624,900

$642,000

103%

3.0

112 NW Greenbrier Drive, Westwood

$599,900

100%

2.0

1524 SW Whitower Drive, Lowes Ferry Heights

$480,000

100%

2.0

7505 Twining Drive, Kingston Woods

$479,900

$470,000

98%

2.0

Realty report information obtained from Knoxville area association of realtors (KAAR) MLS information from December 2022.

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MARCH 2023

events A curated selection of the most intriguing upcoming events in our area. MA RC H 4 T H

Mardi Growl

WOR LD'S FAIR PAR K | 11:00 AM Young-Williams Animal Center invites you to Knoxville’s favorite pet parade and party! Our famous pet parade will kick off in the Old City and travel on foot to World’s Fair Park. Register your pet for the parade, or join the thousands of spectators along the route. After the parade, we let the good times roll at our pet festival with nearly 100 pet-loving vendors, food trucks, live music, games and more.

M A RC H 1 3T H

Banff Mountain Film Festival World Tour 2023

BIJ OU THEATRE | 7:00 PM Enjoy three nights of Banff Mountain Films, with three sets of different films! The Banff Mountain Film Festival, a program of Banff Centre, is the largest, and one of the most prestigious mountain festivals in the world. This year’s tour features a collection of the most inspiring action, environmental, and adventure films from the festival. Visit the events page at KnoxBijou.org for more information.

M A RC H 1 7 T H

St. Patrick's Day Parade

GAY STREET | 7:00 PM Celebrate East Tennessee's rich Irish heritage and acknowledge the role Irish immigrants and Americans of Scots-Irish descent have played in the history of Knoxville. This year's Grand Marshal is none other than Leanne Morgan, Knoxville’s own nationally acclaimed comedian. Get your green on and get downtown for the best St. Patrick’s celebration around! Visit KnoxStPatricksParade.com for more information.

M A RC H 1 9 T H

Knox Shamrock Fest

WOR LD'S FAIR PAR K | 1:00 PM Enjoy a family-friendly St. Patrick's Day and Irish festival with live music and entertainment, food and beverages, midway games, face painting, balloon twisting, bounce houses, and more for the kids! This event is free to attend, though tickets may be purchased for children's activities, food, and drinks. Learn more at ETKidney.org/Events/Knox-Shamrock-Fest.

M A RC H 2 3 RD

An Evening with Drew and Ellie Holcomb: The Residency Tour

BIJ OU THEATRE | 8 :00 PM Drew and Ellie Holcomb are a husband and wife Americana duo from Nashville, TN. Shortly after their marriage in 2006, the couple began touring together with Drew Holcomb & The Neighbors. The band has supported many national touring acts including, The Avett Brothers, NEEDTOBREATHE, Don Henley, and Willie Nelson. An Evening with Drew and Ellie Holcomb is a special engagement event. Visit KnoxBijou.org for more information.

M A RC H 2 8T H

Whose Live Anyway?

T EN N ES S EE THEATR E | 7:30 P M WHOSE LIVE ANYWAY? is 90 minutes of hilarious improvised comedy and song all based on audience suggestions. Cast members Ryan Stiles, Greg Proops, Jeff B. Davis, and Joel Murray will leave you gasping from improv sketch performance at its rapid-fire finest. Audience participation is key to the show so bring your suggestions and you might be asked to join the cast onstage! Learn more at TennesseeTheatre.com

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ARTICLE BY CHELSEA BAUER, BOOK BUYER

FOCUSED ON HOME The variety of picks this month means there’s something for everyone. Whether you’re in the market for a sweeping saga, a laugh-out-loud memoir, or a new cookbook, these picks for March cover all the bases.

At Home: A Shor t H istor y of P r ivac y

C ook i ng at Home

Home goi ng

by Bill Bryson

by David Chang & Priya Krishna

by Yaa Gyasi

Bill Bryson takes the reader on a tour of his personal home while explaining the evolution of all the things that make a house a home. If you’re familiar with Bryson’s work, then you know you’re in for a treat. Very funny and bursting at the seams with the fascinating history of domesticity.

This is a fuss-free and user friendly how-to cookbook. The stakes are low as David and Priya take you by the hand and teach you how to cook (and cook easily). The recipes are great and the book is gorgeous!

This beautifully written book follows two branches of an African family through 250 years starting with two half-sisters, Effia and Esi. Yaa Gyasi packs a lot into a relatively short book. This family and their collective story will stay with you for a long time.

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