Your Look At Things You Need To Know For Your Sunday

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

 False alarm ballistic missile warning terrifies Hawaii
Hawaii’s Emergency Management Agency mistakenly sent a text message to Hawaiians Saturday morning warning of an incoming ballistic missile, sending island residents into a panic for the 38 minutesit took for a correction to be sent. “Ballistic missile threat inbound to Hawaii. Seek immediate shelter. This is not a drill,” the original message said in all caps. “NO missile threat to Hawaii,” the agency tweeted soon after. Hawaiian Gov. David Ige (D) said later Saturday thealert went out because “an employee pushed the wrong button” during a shift change. The Federal Communications Commission will investigatethe incident.

Source: BBC NewsNBC News

 DHS to resume accepting DACA applications
In compliance with a Tuesday order from a federal judge, theDepartment of Homeland Security (DHS) announced Saturday it will resume accepting applications for Deferred Action for Childhood Arrivals (DACA), which shields from deportation immigrants illegally brought to the United States as children. However, no new applications will be processed; only previous DACA recipients will be permitted to renew their status. “DACA is probably dead because the Democrats don’t really want it,” President Trump tweeted Sunday, “they just want to talk and take desperately needed money away from our Military.”

Source: CNNNBC News

 Trump denies Wall Street Journal interview quote
President Trump on Sunday accused The Wall Street Journal of deliberately misquoting him in an interview published Thursday. “I probably have a very good relationship with him,” the article quotes Trump saying of North Korean leader Kim Jong Un. “Obviously I didn’t say that,” Trump tweeted Sunday morning. “I said ‘I’d have a good relationship with Kim Jong Un,’ a big difference,” he continued. “Fortunately we now record conversations with reporters and they knew exactly what I said and meant. They just wanted a story. FAKE NEWS!” The president did not include a recording to back up his assertion.

Source: Donald J. TrumpThe Wall Street Journal

 Vogue suspends photographers following misconduct claims
Vogue and other fashion magazines have announced they will not work with acclaimed photographers Mario Testino and Bruce Weber “for theforeseeable future” after a Saturday New York Times report in which more than a dozen male models and former colleagues accused each man of sexual exploitation. “I remember him putting his fingers in my mouth, and him grabbing my privates,” said model Robyn Sinclair of Weber. “A lot of touching. A lot of molestation.” Testino is accused of similar behavior. Weber categorically denied the accusations, while Testino’s representative argued his accusers could not be trusted.

Source: The New York TimesBBC News

 Chelsea Manning announces Senate run
Chelsea Manning on Saturday announced she plans to run for U.S. Senate in Maryland as a long-shot primary challenger to Sen. Ben Cardin (D-Md.). Manning is the transgender former soldier who was released from prison last year after being convicted of transferring classified documents from the wars in Iraq and Afghanistan to Wikileaks. At the time of the transfer, she was known as Bradley Manning. Former President Obama commuted Manning’s 35-year sentence before he left office, while President Trump has labeled her an “ungrateful traitor.”

Source: PoliticoThe Associated Press

 Iranian oil ship sinks after a week on fire
The Iranian oil tanker that collided with a Chinese freighter last weekend sunk on Sunday after burning for a week. All 32 crew members are believed to be dead, though only three bodies have been recovered. “There is no hope of finding survivors,” said Mahmoud Rastad, Iran’s maritime agency chief. Chinese, Japanese, and South Korean emergency ships worked all week attempting to extinguish theflames and locate any surviving crew, but the tanker was carrying 1 million barrels of condensate, an ultra-light crude oil, which sent a plume of smoke more than half a mile high.

Source: Los Angeles TimesReuters

 Magnitude-7.1 earthquake kills 2 in Peru
At least two people were killed and another 65 injured by a magnitude-7.1 earthquake in Peru Sunday morning. The quake struck off Peru’s coast in the Pacific Ocean shortly after 4 a.m. local time. The U.S. Pacific Tsunami Warning Center said “hazardous tsunami waves are forecast for some coasts” as a result of the tremors but soon declared thetsunami threat had passed. Arequipa district Gov. Yamila Orosio said on Twitter some adobe houses have collapsed and there are reports of power outages from the earthquake.

Source: CNNThe Associated Press

 Plane skids over seaside cliff in Turkey
A plane skidded off the runway and halfway down a cliff on the edge of the Black Sea in Turkey Saturday night, but local officials report no one was injured in the accident. “We tilted to the side. The front was down while the plane’s rear was up,” said a passenger named Fatma Gordu. “There was panic, people shouting, screaming.” An investigation is underway to determine why the plane went over the cliff. The airline described the situation as a “runway excursion incident.”

Source: BBC NewsReuters

 Sportscaster Keith Jackson dies at 89
Legendary college football broadcaster Keith Jackson died Fridayevening, ESPN reported Saturday. He was 89. Before he retired in 2006, Jackson spent five decades calling college ball games, including the original Monday Night Football game in 1970. “For generations of fans, Keith Jackson was college football,” said Walt Disney Company CEO Bob Iger. “When you heard his voice, you knew it was a big game. Keith was a true gentleman and memorable presence. Our thoughts and prayers go out to his wife, Turi Ann, and his family.”

Source: ESPNNFL.com

 Bill Murray visits SNL as Stephen Bannon
Saturday Night Live opened on the set of MSNBC’s Morning Joe this week, with Mika Brzezinski (Kate McKinnon) and Joe Scarborough (Alex Moffat) talking about President Trump and Michael Wolff’s controversial new book, Fire and Fury: Inside the Trump White HouseSNL alum Fred Armisen appeared as Wolff, joined by ousted White House chief strategist Stephen Bannon, revealed under his Grim Reaper hood to be played by Bill Murray. The real life Bannon’s quotes in Fire and Fury led to a statement from Trump declaring his former ally has “lost his mind,” but Murray’s Bannon is pretty optimistic about his forthcoming line of “wrinkled barn jackets called, ‘Frumpers, for guys.'”

Source: Saturday Night LiveThe Hill

The Week

_____________________________________________________________________________________________________

(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.

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