Your Look At Things You Need To Know For Your Wednesday

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

Immigration
DACA is alive — for now. A federal judge temporarily blocked the Trump administration’s efforts to end the Deferred Action for Childhood Arrivals program, which protects from deportation about 700,000 young undocumented immigrants who came to the US as children. President Trump had said he would end the program in March — unless Congress came up with a fix.

So, how will this affect the negotiations going on in Washington about DACA and immigration? Trump’s televised and nearly hour-long meeting with a bipartisan group of lawmakers on the subject, while fascinating, didn’t exactly produce any clarity on the issue, partially because the President kept contradicting himself. This much we know: Democrats would rather only deal with DACA, but Republicans want some concessions on border security first.

Having a hard time keeping track of all this? (Go ahead and raise your hand, because that’s all of us.) Here are five immigration-related storylines you should be paying attention to.

Gerrymandering
North Carolina must redraw its congressional map in just three weeks because federal judges say the map is unconstitutionally partisan. This is important because it’s the first time a federal court has ruled on partisan gerrymandering. Republicans control the General Assembly in the state, thus they can draw the map, but Democrats said the map was tilted too far in the GOP’s favor. The three-week timeline is in place so that a new map can be OK’d in time for the 2018 midterm elections. Republicans plan to appeal.
Russia investigation
Michael Cohen, President Donald Trump’s personal lawyer, hit both Fusion GPS, which produced the Russia dossier, and Buzzfeed, which released it, with lawsuits, saying its allegations about him are wrong. Cohen, who is named in the dossier, said BuzzFeed defamed him when it published the 35-page document and an article. He says Fusion GPS and Glenn Simpson, its founder, defamed him after it hired an ex-British spy to compile the document as part of its opposition research against the Trump campaign.

Meanwhile, Simpson told the Senate Judiciary Committee that the author of the dossier was acting on his own when he went to the FBI because he was concerned that a presidential candidate was being blackmailed, according to the 312-page transcript of his testimony.

California mudslides
At least 13 people are dead after rivers of mud and debris tore through parts of Southern California. Many of the places hit are still struggling to recover from recent wildfires. A lot of the deaths were in the coastal community of Montecito. Mudslides destroyed homes there and closed a major freeway for hours. The area — littered with mud, rocks, downed power lines, trees and wrecked cars — “looked like a World War I battlefield,” said Santa Barbara County’s sheriff. Authorities rescued at least 50 people in Montecito alone, and at least two dozen people are missing.
Caribbean earthquake
A strong earthquake rocked the Caribbean Sea, and now, the region is bracing for tsunamis. The magnitude-7.6 quake struck 27 miles off the coast of Honduras. Tsunami waves are possible for the coasts of Belize, Cuba, Honduras, Mexico, the Cayman Islands and Jamaica. “Check on your family members that live close to the sea,” one man warned in a social media video filmed near the shore in Belize City.

“I finally had the courage to lock my door at night and sit by it. All damn night.”

Actress Bella Thornerevealing on Instagram she was a victim of sexual abuse as a child. Her post was met with an outpouring of love and support from her fans.
That’s a lot of deliveries
Talk about bragging rights. Amazon CEO Jeff Bezos, with a net worth of $105.1 billion, is the richest person — in history.

Numbers game
Hulu crowed about its growing subscriber base, now up to 17 million. Netflix, with 85 million subscribers, smiled and said that’s real cute.

Lost in space
Remember Zuma, the supersecret spacecraft that SpaceX launched? Well, it failed to reach a stable orbit and is feared lost.

Welcome to Westeros
Send a raven. A “Game of Thrones” ice hotel just opened up in Finland.

Saharan snow
It snowed in one of the hottest places on Earth — the Sahara desert — and the pictures are straight-up awesome.

“Everyone seems stunned.”

Breitbart employee, talking about Steve Bannon stepping down from the far-right website.
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

Bond bears sharpen their claws, progress on spending deal, and more Brexit warnings.

Bulls hit?

Traders are bracing for what might be the end of the three-decade bond bull run, with former fixed-income king Bill Gross saying Treasuries have entered a bear market after the U.S. 10-year yield passed 2.5 percent. Dan Fuss, manager of the  $13.1 billion Loomis Sayles Bond Fund, said he had about 35 percent of his portfolio in reserves at the end of 2017, citing the lack of bargains. The pressure on government obligations has only been increased this morning with the news that Chinese officials have recommended slowing or halting purchases of U.S. securities.

Compromise

The path to a bipartisan budget deal was opened by President Donald Trump who gave Congressional Republicans the green light to start negotiating an immigration package with Democrats. The latter have insisted that any compromise over the issue should form part of a spending agreement needed to keep the government open after Jan. 19. While the proposal gives both sides room to compromise on issues such as the border wall, the looming deadline might spur another stopgap spending measure in the short term.

Brexit warnings

Two U.K. ministers have warned that the EU risks sparking another global financial crisis if it doesn’t give London’s banks a good deal on access to the single marketafter Brexit, while research published by Bloomberg Economics shows the British economy will be hurt for more than a decade by a bad divorce deal. There was some good news though: U.K. factories are enjoying their best run of growth since 1997.

Markets drop

Overnight, the MSCI Asia Pacific Index was little changed, while Japan’s Topix index closed 0.2 percent higher. In Europe, the Stoxx 600 Index was 0.6 percent lower at 5:55 a.m. Eastern Time as global stock markets reacted to news some Chinese officials suggested the country pares exposure to U.S. Treasuries. S&P 500 futures dropped 0.5 percent, the yield on the 10-year Treasury was at 2.584 percent, and gold was higher.

Zuma pressure

South African President Jacob Zuma is fighting for political survival ahead of this weekend’s anniversary celebrations of the ruling African National Congress party. The president agreed to appoint a commission to look at any influence the powerful Gupta family was allowed to wield over state decisions, ahead of a meeting with the newly elected leadership of the ANC today. Yesterday, the rand rallied on speculation Zuma had unexpectedly resigned, possibly driven by news of the loss of a military satellite that bears his name.

Here’s what you should read today

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