Your Look At Things You Need To Know For Your Monday

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.

Many find that their anxiety levels will go up when they watch cable news, which causes many to avoid cable news or information that would otherwise help or hurt our society. ” The Government of the people, by the people, shall not perish from the Earth.” Abraham Lincoln.

Stay engaged in the business of OUR SOCIETY, take a break if you get overwhelmed. But equipped yourself with information so that you can make a educated decision that will impact OUR SOCIETY in a positive way. TAKE A BREAK, BUT,  Don’t Quit.

here’s what you need to know to Get Up to Speed

Andy Marlette, Pensacola (Fla.) News Journal

Golden Globes

The winners were almost an afterthought at the Golden Globes last night, the first major awards show held since the #MeToo movement took hold in Hollywood. Celebs wore black to show support for Time’s Up, the anti-sexual harassment initiative. Host Seth Meyers balanced cracking jokes with being respectful. And the highlight of the night belonged to Oprah. She lifted the crowd to its feet during her emotional speech accepting a lifetime achievement award. “A new day is on the horizon,” she said. “For too long, women have not been heard or believed if they dared to speak their truth to the power of those men.” The rousing speech is sparking a new round of speculation that the media mogul might run for president in 2020. (Here’s the transcript.)

The feminist theme reflected in the awards themselves, with shows “The Handmaid’s Tale,” “Big Little Lies” and “The Marvelous Mrs. Maisel” all winning big. But it was also a night of several firsts. You can check out the complete list of winners here.

Politics
The “Fire and Fury” weekend of the Trump presidency had a little bit of everything: The President bragged he’s a very stable genius and, like, really smart. White House adviser Stephen Miller tried to drive home the point in an interview/battle royale with CNN’s Jake Tapper. CIA Director Mike Pompeo felt the need to tell anyone who’d listen that no, the President’s not cracking up. UN Ambassador Nikki Haley got in on the action by defending Trump’s tweeting habit. Even the banished Steve Bannon walked back the “treasonous” comments attributed to him in Michael Wolff’s controversial book. But as Team Trump circles the wagons around him, there are new revelations, like how the President’s workday doesn’t begin until almost noon.
North and South Korea
For the first time in two years, the North and the South will sit down for high-level talks. They’ll meet tomorrow at the Peace House in the Demilitarized Zone. Topic No. 1:  Getting North Korean athletes in next month’s Winter Olympics in South Korea. But of course the two sides will also talk about the North and its nuclear ambitions.
Las Vegas shooting
Stephen Paddock didn’t just hole up in his room for days on end before he killed 58 people in the Las Vegas massacre. Staff at the Mandalay Bay Resort and Casino staff interacted with him more than 10 times in the days leading up to the shooting. Questions arose over how Paddock had not raised the suspicions of hotel staff, and many of the victims of the shooting have filed lawsuits, questioning how the hotel staff didn’t notice anything unusual about Paddock’s behavior. But housekeepers “saw no signs of anything” suspicious in the suite.
Weather
People in the eastern half of the US: We know you’ve been living in an icebox for weeks. But hold on, warmer weather is on the way. About a quarter of Americans are under winter weather advisories this morning. And Sunday set 39 low temperature records across the eastern US. But starting this week, a slow but steady thaw begins that’ll actually have temperatures about 10 to 20 degrees above normal by the middle of the month.
32
The number of sailors missing after an oil tanker and freight ship collided off the east coast of China over the weekend

Codename Zuma
No, it’s not Marvel’s latest superhero movie. It’s the name of the super-secret spacecraft that SpaceX is putting into space for the US government.

Amazing astronaut
John Young did it all. He was one of only 12 people to walk on the moon, and he commanded the first space shuttle flight. He died at age 87.

Saudi sit-in
It’s tough being a prince in Saudi Arabia these days. Eleven of them were arrested after staging a sit-in to protest a cut in their perks.

RIP, Jerry
His big brother Dick had a bigger career, but Jerry Van Dyke carved out some stardom for himself on the sitcom “Coach.” The comedian died at age 86.

Deadline day
Today is Homeland Security’s deadline for deciding whether some 250,000 nationals of El Salvador currently in the US will lose their protected status. If the protected status program is ended, most of these Salvadorans, some who’ve lived and worked in the US for decades, will be forced to leave the country.
$559.7 million
That’s how much somebody in New Hampshire won in the Powerball drawing. Someone in Florida nabbed the $450 million Mega Millions jackpot too.
CNN

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(411 on Business & Real Estate Taxes  )

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

Upcoming Important Deadlines-
January 16th:

         – 4th Quarter 2016 Estimated Tax Payment Deadline – If you did not pay 2017 income tax through withholding you must pay your final installment of 2017 estimated tax with Form 1040-ES: Estimated Tax for Individuals. If you plan on filing your return and paying the tax due by January 31, you can disregard this deadline.

         Payroll Tax Deposits Due  If you had more than 12k in Payroll in 4th quarter (for you and/or your employees in total)  your 2017 payroll tax deposit is due if you’re not on a semiweekly deposit schedule.  (S-Corp owners pay attention to this). Make sure to open your emails from our Payroll Service Team if you are using our service!

 

January 31st:

       – 1099 Forms Must be Issued – Give Form 1099 information statements to the recipients of certain payments you made for services during 2017. This can include independent contractor compensation, interest on seller financed mortgages, rent, professional services fees, real estate transactions, profit-sharing and pension plan distributions. If you need help with 1099’s, please call Josie Stewart in our office at 435-865-5866 or reach her at josie@ke-cpas.com.  

       ALL Payroll Tax Reports Due – Issue W-2 forms to all Employee, and File Form 941 (payroll tax) and 940/944 (unemployment tax) for the 2016 tax year, and don’t forget any State Forms. If you are a K&E Payroll Services plan, we will be automatically preparing these forms for your signature.

* If you have an S-Corporation, you may need to file whether or not you made money in 2017. (Talk to our Payroll team and contact Josie at josie@ke-cpas.com).

** Make sure your health insurance payments and 401k deferral is included on your W-2 Forms.

http://bit.ly/2A1ndsX

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Forward Guidance

Funding negotiations down to the wall, big week in European politics, and more delays for U.S. travel.

No wall, no DACA

President Donald Trump warned in a weekend press conference that there would be no granting of legal status to young undocumented immigrants unless funding is grantedfor his proposed border wall with Mexico. Democratic lawmakers, who have already rejected the proposal, want the restoration of legal protection to young immigrants to be part of a spending bill that must pass by Jan. 19 in order to avoid a government shutdown. Elsewhere, former White House chief strategist Steve Bannon issued a lengthy apology to Trump, describing him as “both a patriot and a good man,” following the president’s angry reaction to comments attributed to Bannon in Michael Wolff’s book, “Fire and Fury: Inside the Trump White House.”

Reshuffle, negotiations

In the U.K., Prime Minister Theresa May is readying a cabinet reshuffle, with London’s Telegraph newspaper reporting that she may appoint a “minister for no deal” to prepare for a possible acrimonious exit from the European Union. In Germany, negotiations on forming a government are still at the exploratory stage, with analysts suggesting that the current round of talks may be the last chance to form an alliance between Chancellor Angela Merkel’s bloc and the main opposition SPD party. The Italian political landscape, meanwhile, looks set to see the return of Silvio Berlusconi – who cannot run for elected office following a 2013 tax-fraud conviction – after the March 4 election, with the alliance he leads potentially poised to hold the balance of power, according to polls.

Meteorological mayhem

U.S. weather-related travel problems intensified after flooding at New York’s John F. Kennedy International Airport caused fresh flight delays and diversions. The good news for travelers is that the recent cold snap is set to pass today, with temperatures returning towards their seasonal norms. On the other side of the world, by contrast, temperatures in Sydney, Australia reached 117 degrees Fahrenheit on the hottest day there since 1939.

Markets rise

Global equity markets continue their strong start to the year, with the MSCI Asia Pacific Index rising 0.2 percent overnight, while Australia’s benchmark S&P/ASX 200 reached the highest level in 10 years. In Europe, the Stoxx 600 was 0.2 percent higher at 5:45 a.m. Eastern Time as a gauge of economic confidence for the euro area climbed to the strongest level since December 2000. S&P 500 futures were flat, the two-year Treasury yield was still holding just below 2 percent, and gold was unchanged.

Quiet week

In what is shaping up to be a relatively thin week for economic data, the one nugget that may move markets is Friday’s U.S. CPI data, which are expected to show price pressures remained muted in December. Should the numbers match expectations, and following from Friday’s weaker-than-expected jobs print, market participants may moderate the projected pace of Federal Reserve tightening.

Here’s what you should read today

Bloomberg

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