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March 10, 2021
March 5, 2021
Coronavirus and Taxes
In case you have questions about your 2020 taxes, here are a few answers.
As a small business owner who took out a Payroll Protection Plan loan, these can be forgiven as long as the funds were used for business expenses like payroll, rent or interest on mortgage payments. Forgiven expenses can be deducted from taxable income IF the loan application is approved by SBA.
Dave Reed Insurance hopes you are all well and is anxious to return to normal. We are available to answer any insurance questions, too.
February 10, 2021
If you’re not living under a rock, you have probably encountered a scammer …
Scammers target victims in a variety of ways, from fake emails, text messages, voice telephone calls, letters, or even showing up at your door with a “sales pitch.” The latest scam attempt we experienced was when a supposed representative from our local electric company telephoned to tell us that our electricity was to be cut off sometime this day. We could avoid this by paying our latest bill right away. The caller said he could help make that happen by transferring us to the billing department. “Just pay whatever your last bill amount was, and all would be okay,” he said. So while we’re checking our online account, he’s busy transferring us. Of course, we had already made that payment. When the billing department representative came on the line, he was quick to get pushy, stating that they had not received the payment and it was over due. This was a lie. As we checked our account, we saw the payment had been received and the debit from our bank had been been processed.
Here are some other examples:
Scammers are taking advantage of the current environment to try to obtain your personal and financial, including COVID-19 scams.
If you think you’re dealing with a fake contact tracer, check with your state health department to see if they have a way to make sure the person contacting you is a real contact tracer. If not, hang up, close the door, or don’t respond to, click on, or download anything that may be in an email or text. Then, report it to your state and to the Federal Trade Commission at FTC.gov/complaint. 
If you authorize a transfer or send money to a scammer, there is often little your bank can do to help get your money back.
Dave Reed Insurance is sending you this information to help keep you safe from scammer situations.
February 4, 2021
December 31, 2020
Did you notice all the bags of dried black-eyed peas piled at the entrance of the local Winn Dixie? Do you know why they are being featured this time of year? Eating black-eyed peas on New Year’s day is a southern tradition associated with new year luck.
Traditions say that during the Civil War, when Union soldiers raided the Confederate army’s food supply and southern farms, they left these beans behind. It could be that they were grown along the fence lines and often shared with the cows, hence the nickname “cowpeas,” and simply overlooked. Another explanation comes from African American history, where newly emancipated slaves celebrated dishes of these peas. Ancient Egypt history suggests that eating the pea, was a way of showing humility to the gods. Pair them with cornbread, symbolizing gold.
Pork is usually served to accompany these peas. Why? Did you know that, unlike chickens and turkeys, who scratch backwards, pigs bury their snouts in the ground and move forward - the same direction you want to head in the new year. Actually, since pigs are usually slaughtered in the fall, pork would be an ideal food for this time of year. Pork (and cabbage) is traditionally eaten on New Year’s in Germany and Eastern Europe, and came to America with immigrants.
Also hailing from Germany and eastern Europe, cabbage, often in the form of sauerkraut, would have been just about ready to eat after the 6-8 week fermentation process following a fall cabbage harvest. In addition, the strands of cabbage in sauerkraut or coleslaw can symbolize long life. Cabbage also can symbolize money.
Black-eyed peas go hand in hand with greens (often collard greens). Their green color symbolizes folding money. Often hung in the South by the door to ward off evil spirits, why waste them drying there when they can ward off the empty stomach grumbles?
Lentils are also on the traditional foods menu, often served in Italian homes. Their round shape look like coins. They are often eaten after midnight along with pork and sausages.
In Filipino culture, New Year’s eve is celebrated with fruit. Twelve, to symbolize each month. In Spain, Portugal, and Mexico, 12 grapes are eaten at midnight with the clock strokes.
In Scandinavian countries, fish, especially herring, was considered to bring good fortune. Depending on good fishing for prosperity, eating herring was a way to hope for a good catch. Fish are symbolically lucky in three ways: their silvery scales resemble coins, they travel in schools, representing prosperity, and they swim forward, symbolizing progress.
In Asian countries, it is traditional to eat noodles on New Year’s Day. Their length symbolizes longevity. Be sure to get them into your mouth without breaking them!
The Greeks celebrate with a cake, traditionally baked with a coin, offering good luck for the person who gets this slice.
Dave Reed Insurance wishes all our customers the best for a Happy New Year.