Bob Norton Consulting - May 2020

NortonAccountingServices.com 985-640-6072 Info@NortonAccountingServices.com MAY 2020 NORTON NEWSLETTER EASE OF MIND • AVAILABILITY • FLEXIBILITY • INDIVIDUAL APPROACH • EXPERIENCE • TAX SAVINGS OPPORTUNITIES THE REAL ESTATE TAX PRO ™

FROM THE DESK OF Bob Norton

Several years ago, I bought a house for my parents to live in so they wouldn’t have to pay rent increases

each year. After they were in the house for a couple of years, their area suffered a hail storm that damaged the roof. We filed a claim and discovered that the insurance would only pay for a portion of the damage because I had “actual value” coverage on the house. This means that the insurance company deducts “depreciation”, then the deductible, and pays the net result. If the house had burned down instead, I would have not have been able to rebuild it with the insurance I purchased to do just that. I called the insurance agent to find out that a “replacement cost” policy would have cost me only $200 more per year. I found a new agent who would offer me options, instead of trying to “save”me money. During tax season, I see a lot of homeowner policies. Very few have replacement cost coverage. Please check your policy and with your agent to determine if you have the right coverage.

Celebrating May’s Impact on the English Language MAYPOLES, MAYFLIES, ANDTHE MAYFLOWER

Not to be confused with the international phrase for help, May Day is a cultural celebration dating back millennia. For some cultures, May Day, traditionally held on May 1, is an important day signifying the halfway point of the year. Other cultures celebrate and honor fertility on May Day with maypoles that represent male fertility and wreaths and ribbons that depict female fertility. Today, May Day celebrations continue in their traditional format, while some people celebrate the holiday by simply doing kind deeds for their neighbors. Thankfully, there’s little cause for mayday on May Day.

There are many reasons to celebrate in May. Among thanking Mom, honoring those who gave the ultimate sacrifice for their country, and embarking on postgraduation adventures, there’s no shortage of importance when it comes to May. And the English language makes this pretty clear. Check out these unique facts about English words or phrases that use the word “may.”

Avoiding Mayday on May Day

About 100 years ago, the English and French faced quite a dilemma. As aircraft paths were more frequently crossing the English Channel, the countries needed to develop a distress signal that could be easily distinguished over the radio. While SOS was commonly used by armies across the globe as a sign of mayhem, “S” sounds were hard to hear over the radio. The French reverted to using m’aidez , which means “help me.” Soon, the English added their own spin, deciphering the phrase as “mayday.”The new phrase went global thanks to bulletins posted in popular publications, and today, it’s known as a worldwide distress signal.

May’s Most Famous Ship

-Bob Norton

The Mayflower, named after the English word for the small, white hawthorn flower, served as a merchant ship before making its biggest voyage in 1620 from England to the eastern coast of North America. But the Mayflower was one of many. There were actually dozens of English ships named Mayflower, and in 1620, today’s most famous ship in the bunch headed down the River Thames into the English Channel with another boat, the

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