Month: January 2023

MAYNARD, Mass., Oct. 04, 2022 (GLOBE NEWSWIRE) — AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Ohio Department of Natural Resources (ODNR) Division of Water Resources has issued a new Withdrawal and Consumptive Use Permit to AquaBounty Farms Ohio LLC,…

Under the US tax law, if you are an employee working from home, you generally cannot deduct home office expenses. However, if you are self-employed or an independent contractor, you may be able to deduct certain expenses related to your home office. There are two methods for deducting home office expenses for self-employed individuals: To…

The first psychological trigger is making everything about your audience, meaning that you focus on their needs and interests. You also might notice what I did there. But what you might not realize is how powerful starting a sentence with “you” can be. Psychologically speaking, it puts the recipient of your message centerstage–something humans have…

The federal government imposes a gift tax on the transfer of money or property to another person, without receiving equal value in return. Although it may seem complex, the majority of Americans will never have to pay gift taxes due to various rules established by the Internal Revenue Service. If an individual gives money or…

During tax time, it’s crucial to understand which expenses can be deducted from your taxable income to reduce your tax liability. While some deductions, such as the home mortgage interest tax deduction, are well-known, it’s important to grasp all the details, particularly when itemizing deductions. Deductions permit you to reduce certain expenses, resulting in a…

A Roth conversion ladder is a strategy that can be used by people who want to access the funds in their traditional IRA or 401(k) without paying taxes and penalties on early withdrawals. The basic idea of the Roth conversion ladder is to convert money from a traditional IRA or 401(k) account into a Roth…

“Demand Deposit Account” (DDA) is another term for a checking account in a bank. It’s a type of deposit account that allows account holders to deposit and withdraw funds at any time, without any prior notice or penalty. DDAs are often used for everyday transactions such as paying bills, shopping, or withdrawing cash from an…

Money is created in different ways depending on the type of money and the country or system in which it is used. The commercial bank Banks can lend out more money than they hold in deposits through a process known as fractional reserve banking. Under this system, banks are required to hold a certain percentage…

In 2019 Congress passed a law changing the required distribution rules for inherited IRAs in what is called the SECURE Act. These rules apply to all other qualified retirement plans such as 401(k) plans. Before the SECURE Act distributions from inherited retirement accounts could be spread over a beneficiary’s life expectancy (known as the Stretch…

What is a digital asset? A digital asset is a digital representation of value which is recorded on a cryptographically secured, distributed ledger. Common digital assets include: Everyone must answer the question Everyone who files Form 1040, Form 1040-SR or Form 1040-NR must check one box, answering either “Yes” or “No” to the digital asset…