Hi Reader,
We’ve made it to 2021! To be honest, it feels a lot like 2020 did, but I feel hopeful that better things are on the horizon. No matter the year, one thing that never changes: taxes. Check out the key IRS tax changes for 2021. Afraid of an audit? Check out some common red flags.
If you or someone you know took the first round of PPP money, there are a number of key announcements regarding PPP loan forgiveness. (What is PPP? See here.) The big one is that expenses paid with forgiven PPP funds are deductible. Hallelujah! Here are 6 changes that make PPP forgiveness easier. Here is who qualifies for PPP 2.0.
I’ve finally come up with a name for the little bonus section at the end of my email that has nothing to do with tax or wills or probate, but is simply something I found interesting, funny or delightful that I wanted to share with others. I’m going to call it: Lagniappe /ˌlanˈyap / (Cajun: something given as a bonus or extra gift). This month’s lagniappe is a video of competitive dog dancing...yes, you read that right. Be sure to turn on the volume!
Take care,
Addie
P.S. And remember, whenever you're ready, here are some ways I can help you...
Hey Reader, It’s been a little while since I popped into your inbox, and with the LSU Tigers starting their road to the College World Series in Omaha, it reminded me of something Eric and I used to talk about doing when we were just married. We’d each buy one share of Berkshire Hathaway stock so we could go to Omaha to see Warren Buffett speak at the shareholder meeting. Not because we had big stock portfolios—just because it felt like one of those “one day” adventures. Go see Warren. See...
Warren Buffett updated his will at the end of last year—and his biggest tip might surprise you: Let your adult children read your will before you sign it. Whether you have “modest or staggering wealth,” Buffett says it’s a conversation every parent needs to have. Curious about why? Here's an article that breaks it down and links to his letter: Warren Buffett suggests all parents do one thing before they die. What do you think—sound advice? -Addie
This morning, my kids burst into my room, screaming, “It’s snowing! It’s snowing!” In New Orleans, that’s practically science fiction. Schools had been warning us since Friday—no classes today becuase of snow. Cue every working parent’s dilemma: how to keep kids entertained, off their devices, and still get anything done. Spoiler alert: it’s about as easy as finding a snow shovel in New Orleans. But this rare snowstorm got me thinking: life is full of surprises. Snow in New Orleans, a sudden...