Your Look At Things You Need To Know For Your Friday

As you face your day, Smile Often, Think Positively, Give Thanks, Laugh Loudly, Love Others ,Dream Big, Remember, Life is like a Camera, Focus on What’s  Important, Capture The Good Times, Develop From The Negative and If Things Don’t Work out, Take Another Shot. Difficult Roads Often Lead To Beautiful Destinations. Don’t Quit.

It’s not too early to freak out over Christmas shopping. Here are 10 tech gadgets the people in your life will love. And here’s what else you need to know to Get Up to Speed

Editorial cartoon on the media and sexual misconduct

 

Tax overhaul

The GOP effort to remake the nation’s tax code was rolling along nicely in the Senate. A final vote was set for last night, and even maverick Sen. John McCain said he was on board. Then, the whole thing hit a trillion dollar-sized pothole. A nonpartisan analysis of the Senate tax bill said yes, it would generate some economic growth, but the massive tax cuts in it would still add $1 trillion to the deficit over 10 years. That flies in the face of White House claims that the tax cuts would pay for themselves.

So, deficit hawks like Bob Corker — Tennessee senator and Donald Trump nemesis — demanded some changes. The big vote was delayed until later today, and the tax writers went back to work. Corker wants to find ways to raise more revenue if the tax package indeed doesn’t create enough economic growth. So, the GOP is looking at things like gradually raising the corporate rate after the initial tax cut or not completely repealing the alternative minimum tax.

Kate Steinle verdict
The debate over immigration policy reignited after a San Francisco juryacquitted an undocumented immigrant in a woman’s shooting death. Jose Ines Garcia Zarate was found not guilty of murder and involuntary manslaughter in the killing of Kate Steinle. Garcia Zarate had been deported five times and was in the country illegally when he shot and killed Steinle in 2015.The case became a flashpoint in the debate over immigration because prior to the shooting, San Francisco, under a sanctuary city law, had released Garcia Zarate instead of turning him over to ICE. President Trump, who used the shooting on the campaign trail to make the case for his border wall proposal, called the verdict “disgraceful.” Garcia Zarate is set to be deported again.
White House
Reports popped up that the White House was prepping a replacement for Secretary of State Rex Tillerson — possibly CIA Director Mike Pompeo. Now, we’ve learned that this public shaming of Tillerson was President Trump’s way of expressing displeasure with him, similar to the way he went after Attorney General Jeff Sessions. Some officials expect Tillerson to be gone by the end of the year. So, it seems like a big ole plate of awkward will be on the menu when Trump, Tillerson and Defense Secretary James Mattis have lunch together today at the White House.
Slavery in Libya
The UN urged Libya to “take urgent action” to end the slave trade there, a practice exposed by CNN, which shined a light on human slave auctions in the country. Many of those being sold are African migrants trying to make their way to Europe. Undercover CNN reporters witnessed a dozen men being sold at auction outside Libya’s capital of Tripoli. The report let to protests outside Libya’s embassy in Paris and widespread calls for an investigation.
Japan
Japanese Emperor Akihito will step down in 2019, becoming the first Japanese monarch to abdicate in 200 years. In a speech last year, Akihito, who is 83, hinted that he wanted to move on, saying his advanced age and his fitness level was making it difficult to carry out his duties. His son, Crown Prince Naruhito, would be the new Emperor.
10

The number of years a Texas murder suspect — featured on HLN’s “The Hunt with John Walsh” — was on the run before being captured this week

We love you, and we miss you, and we need to know that you’re safe. Please call us.”

 The mother of Caitlyn Frisina, the missing Florida teen who police think is with a 27-year-old soccer coach

 

Goodbye, Gomer
Jim Nabors will always be our Gomer Pyle, though the talented actor had quite the singing career, too, releasing 28 albums. Nabors died at age 87.

Roaring back
Tiger Woods looked something like the Tiger of old when he played in the Hero World Challenge, his first bit of competitive golf since his back surgery.

Super Sunday
There’s only going to be one supermoon this year, and it happens on Sunday. But if you miss it, don’t worry. There are two more coming up in January.

Meet Mulan
The world has a new Mulan. She’s Chinese actress Liu Yifei, and she’ll be starring in Disney’s live-action remake of the animated classic.

It’s got the look
Prince’s iconic “Love Symbol” guitar is going up for auction, and it may go for way more than the estimated $100,000 bidding price.

 

Draw it up
Forgive the soccer fans in your life if they’re a little distracted today. The World Cup 2018 draw is today, and they’ll be hoping and praying that their team doesn’t end up in the “Group of Death.”

CNN

 

 

Provided By Courtesy of Mark J Kohler, CPA, Attorney, and Mathew N. Sorensen, Attorney:

Upcoming Important Deadlines- 

 

November 1st – December 15: Insurance Enrollment Period Begins…If it’s your time to renew your health insurance or you want to change your health care strategy this is your chance. For more information on possible strategies, see the Health Care Webinar date below.

 

December 1st – DEADLINE for 401k Set-up and 2017 Write-off…If you own an S-Corp and need a write-off before year-end, the 401k should be a major consideration. Every year we have a special to help you implement this important strategy. December 31st is the IRS deadline, but December 1st is our ‘special’ deadline so we can get your work done in time.

“Grading the Tax Cut and Jobs Act: What it Means for Small Business Owners”by Mark J Kohler…The new tax legislation, The Tax Cut and Jobs Act, could be the largest rewrite of the tax code in decades, and with it comes a tremendous amount of debate and scrutiny. The simple reality: it’s essentially a simplification of the tax code and a huge tax cut for large corporations. But, the devil is always in the details isn’t it. Well, I’ve read the entire Act and I’m here to give Paul Ryan and the House a report card from us, the small-business owners…read more here.

 

 

 

 

Republicans try to salvage tax bill, Brexit breakthrough faces border hurdle, and European manufacturing is booming.

Taxing negotiations

Senate Majority Leader Mitch McConnell postponed until later this morning a series of votes on the Republican tax bill after plans on avoiding excess future deficits were scuppered by the Senate’s rule-making office. While it is not quite back to the drawing board for the legislation, further changes to the bill could risk alienating hard-line members of the House if that involves watering down tax cuts for businesses and individuals. Senate votes are scheduled to resume at 11:00 a.m. Eastern Time.

Border hurdle

U.K. Prime Minister Theresa May’s hopes of securing a deal early next week that would allow Brexit talks to move onto discussions of the post-divorce relationship with the trading bloc are being threatened by both sides of the Irish border. Northern Ireland’s Democratic Unionist Party, on which May’s government relies for its majority in parliament, has said it will bring her administration down if she makes anything like the concessions the EU is demanding. The Irish government still insists on a soft border after Brexit, which means May has a seemingly impossible circle to square by Monday.

Manufacturing PMIs

A Purchasing Managers’ Index for manufacturing in the euro area rose to 60.1 for November, the highest level since 2000, while a similar gauge for the U.K. climbed to 58.2, the strongest reading since 2013. Chris Williamson, chief business economist at IHS Markit, said euro-zone manufacturers are gaining “an increased share of global trade as exports boom.” U.S. November manufacturing PMI is due to be published at 9:45 a.m.

Markets drop

Overnight, the MSCI Asia Pacific Index fell less than 0.1 percent, while Japan’s Topix index closed 0.3 percent higher in a volatile session. In Europe, the Stoxx 600 Index was 0.8 percent lower at 5:45 a.m. in a broad-based slump lead by a resumption in the tech selloff. S&P 500 futures dropped 0.4 percent, the 10-year yield was at 2.376 percent and gold was higher.

Time up for Tillerson?

Administration officials said privately Thursday that the President Donald Trump is considering replacing U.S. Secretary of State Rex Tillerson with CIA Director Mike Pompeo. Tillerson, who is due to visit Europe for a series of meetings next week, is said to have had repeated clashes with the president, with one official saying his team have all but stopped talking to the president since the summer. The relationship came under further pressure in October when Tillerson reportedly called Trump a “moron.”

Here’s what you should read today

Bloomberg

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