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.

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

President Trump
The Trump White House often gets spoofed on “Saturday Night Live,” but even “SNL” wouldn’t say what the President said yesterday. During an Oval Office meeting with lawmakers on immigration, Trump wondered aloud, “Why do we want all these people from s***hole countries coming here?” sources told CNN. Trump was talking about immigrants from Haiti and Africa, adding that the US should be taking in more immigrants from countries like Norway.

The White House didn’t exactly deny that’s what the President said, and Trump reportedly told aides the media was blowing his comment out of proportion. One White House official even said the comment would score well with Trump’s base. Alrighty, then. Meantime, lawmakers on both sides of the aisle were quick to condemn the remark. Our Anderson Cooper called it straight-up racism. And Chris Cillizza said Trump’s comments represent a new “rock bottom” for him.

Russia investigation
Rep. Adam Schiff, the ranking Democrat on the House Intelligence Committee, said Republicans are blocking dozens of witnesses from being interviewed in the Russia probe, including some who were aware of the 2016 Trump Tower meeting at which Donald Trump Jr. was promised dirt on the Clinton campaign.

Schiff accused Republicans — including Rep. Devin Nunes, the GOP chairman of the committee — of blocking the inquiry from moving ahead, leaving key questions unanswered. He said the committee has spoken to 56 witnesses, fewer than half of the number in the Senate Intelligence Committee. The White House declined to comment on Schiff’s accusations. Aides to Nunes and GOP Rep. Mike Conaway, who is running the Russia probe, did not respond to requests for comment.

Pakistan
People took to the streets in Kasur, Pakistan, to express their outrage over therape and murder of a 7-year-old girl, whose body was dumped in garbage. Zainab Amin was led away from her home last week by a man while her parents were away on a religious pilgrimage. She was strangled. Torture marks were found on her face, and her tongue was crushed between her teeth. Protesters say authorities haven’t done enough to keep children safe; there have been 11 other killings of young girls in the same area. The protests turned violent, and two people died in clashes with police. The hashtag #JusticeForZainab spread quickly on social media in Pakistan.
California mudslides
Time’s running out for rescuers to find a miracle among the murky debris left by the mudslides in Southern California. At least 17 people were killed when rivers of mud and debris rushed down wildfire-charred hillsides earlier this week in Santa Barbra County, demolishing homes and blocking roads. Dozens of people are still missing, so rescue teams plan to search some areas for a second time in a desperate bid to find survivors. Officials also expanded the mandatory evacuation zone to help out rescue efforts.
Walmart and Sam’s Club
It was whiplash day at Walmart. First, the retail behemoth announced it was raising its minimum wage and handing out bonuses to employees because of the GOP tax cuts. The new minimum wage is $11 an hour, and workers can get a one-time bonus of as much as $1,000. (The White House was oh so happy to talk that up.) But then later in the day, Walmart said it was closing 63 of its Sam’s Club stores, which employ almost 10,000 people.
People are talking about these. Read up. Join in.
Hello, turkey
Meet Diluvicursor pickeringi, a newly discovered dinosaur species that once roamed Australia and Antarctica and was the size of a turkey.

Facebook ‘fix’
Your Facebook feed is changing — again. Yeah, we know, “yawn.” But Mark Zuckerberg says he’s really going to “fix” it this time.

Steer clear
GM’s newest self-driving car doesn’t have a steering wheel or pedals because in the future, computers will drive us everywhere anyway.

Heist fail
That $4.8 million worth of jewelry stolen from Paris’ Ritz Hotel has been found — at the scene of the crime. Well, what kind of robbery is that?

Let’s get physical
President Trump is set today to undergo his first known physical exam since taking office.
1.4 million
The number of copies of Michael Wolff’s “Fire and Fury” ordered in a week

I was basically useless.

Former President Barack Obama, talking about what he did on daughter Malia’s move-in day at college
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

U.S. inflation data is due, commodities are on a tear, and Merkel makes progress toward another term.

Price projection

U.S. may confirm the lowflation-spurred rally boasts strong foundations. Headline inflation growth is expected to have eased to an annual pace of 2.1 percent, with the core rate staying steady at 1.7 percent. The release comes after wholesale prices incurred their first drop in more than a year in December, down 0.1 percent on the month. Still, outgoing New York Federal Reserve President William Dudley said expansionary fiscal policy and loose financial conditions raise the risk of economic overheating, dubbing three interest-rate increases in 2018 as a good projection.

Brent bulls

Oil traded near a 2 ½ year high of $70 a barrel in London, driven by production cuts, rising demand and falling U.S. inventories. The rally is adding fresh legs to the melt-upin U.S. stocks, which rose to new records at the close. The U.S. energy industry is expected to post earnings-per-share growth for the fourth quarter at a whopping 126 percent, according to Bloomberg Intelligence. Underscoring the health of global aggregate demand late in the business cycle: China continues to devour the world’s commodity output from crude oil to soybeans while export growth is on a tear.

Merkel progress

Chancellor Angela Merkel reached a preliminary accord with Germany’s Social Democrats to clinch a coalition government, advancing her bid to end political gridlock and open the door to her fourth term. The deal includes efforts to strengthen the European Union and control the flow of refugees. That news sent the euro to a three-year high, adding to gains after a shift in European Central Bank messaging was dubbed hawkish.

Equities mixed

Overnight, the MSCI Asia Pacific Index gained 0.3 percent, while Japan’s Topix index closed 0.6 percent lower. In Europe, the Stoxx 600 Index rose 0.2 percent at 5:55 a.m.Eastern Time following news the ECB is taking note of a strengthening economy and is mulling policy guidance. S&P 500 futures added 0.2 percent, the yield on the 10-year Treasury was at 2.546 percent, and gold was higher.

Crypto chills

Bitcoin bulls are learning that with great price appreciation comes great attention from regulators. The biggest cryptocurrency is down roughly 20 percent this week as authorities around the world show they’re prepared for active intervention in how digital currencies are produced and traded. South Korea’s justice minister has been calling for a ban on local crypto exchanges, while Chinese officials have ordered some mining facilities to close. Beijing’s move has Chinese-listed companies with loose ties to bitcoin downplaying their connection to cryptocurrencies and blockchain technology for fear of running afoul of the authorities. In Moscow, meanwhile, the divide over digital currencies runs deep. Officials are using “the power of words and thoughts” to push Bank of Russia Governor Elvira Nabiullina to green-light trading of cryptocurrencies on official exchanges — a tricky task as she’s previously called them “pyramid schemes.”

Here’s what you should read today

Bloomberg

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