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

 Mueller seeks to interview Trump in coming weeks
Special Counsel Robert Mueller is pushing to question President Trump in coming weeks about his firing of FBI Director James Comey, as well as the ouster of National Security Adviser Michael Flynn, The Washington Post reported Tuesday, citing two people familiar with the plan. The move comes as Mueller’s team increases its focus on whether Trump or his aides have tried to obstruct the investigation into Russian election meddling and possible collusion by Trump associates. Trump’s legal team reportedly is working on terms that would allow for some face-to-face questions and others to be answered in writing. Comey was interviewed by Mueller’s team last year, The New York Times reported Tuesday, and Attorney General Jeff Sessions was questioned for several hours last week. [The Washington Post, The New York Times]
 Schumer takes offer to fund Trump’s wall ‘off the table’
Senate Democratic leader Chuck Schumer (N.Y.) on Tuesday withdrew an offer to fund President Trump’s proposed wall on the Mexican border, raising doubts about the prospects of an immigration deal a day after senators reached a compromise to end a three-day government shutdown. Trump rejected Schumer’s offer in a Friday meeting on preventing the shutdown. “The wall offer’s off the table,” said Schumer, who faced criticism from liberals for agreeing to end the shutdown without restoring the Deferred Action for Childhood Arrivals (DACA) program to protect young undocumented immigrants known as DREAMers. Trump responded to Schumer’s backpedaling on the wall, tweeting: “Cryin’ Chuck Schumer fully understands, especially after his humiliating defeat, that if there is no Wall, there is no DACA.” [The New York Times, The Washington Post]
 Nikki Haley says Russia shares blame for Syria chlorine-gas attack
President Trump’s ambassador to the United Nations, Nikki Haley, on Tuesday accused the Syrian government of attacking civilians in a rebel enclave with chlorine gas a day earlier. Haley also slammed Russia for failing to stop its ally from conducting such assaults, which qualify as war crimes under international law, and for vetoing a proposal two months ago to renew the U.N. Security Council’s panel for investigating chemical weapon use in Syria’s civil war. The veto sent a “dangerous message to the world” that “chemical weapons use is acceptable,” Haley said. At least 13 people were injured when rockets containing the gas hit the enclave, Eastern Ghouta, according to the Syrian Observatory for Human Rights. [The New York Times]
 Gunmen storm Save the Children office in Afghanistan
A suicide bomber and gunmen attacked the office of the Save the Children charity in the city of Jalalabad in Afghanistan on Wednesday, killing one person and wounding at least 14. The casualty count could rise, as the gunmen were still holed up in the building as hospital officials provided the first details on the toll from the attack. The Islamic State claimed responsibility. Both the Taliban and ISIS have fighters in that part of Nangarhar province. The attack followed a weekend siege at Kabul’s Intercontinental Hotel that left 22 dead, including 14 foreigners. [The Associated Press, The Guardian]
Senate confirms Jerome Powell as next Fed chair
The Senate on Tuesday confirmed Jerome Powell as the next chairman of the Federal Reserve. Senators voted 85-12 to approve Powell, who has served more than five years on the U.S. central bank’s board and was nominated by President Trump to replace the current chair, Janet Yellen, when her term ends on Feb. 3. Yellen was the first woman to serve in the post, and she has received high marks for her performance. Trump, however, was critical of the Fed during his campaign, and Powell’s support for easing some banking regulations puts him in sync with one of Trump’s major objectives. Still, most observers expect Powell to stick to Yellen’s cautious approach to raising interest rates as the economy improves. [The Associated Press]
 2 students killed in Kentucky school shooting
A student opened fire on classmates in a rural Kentucky high school Tuesday, killing two teenagers. Seventeen others were wounded, four of them critically. Hundreds more managed to flee, students said, rushing out of the building as there were “bullets flying everywhere.” “It was almost completely silent as people just ran,” one student said. The suspect, 15, was arrested at the school and taken away in handcuffs. Police identified the students who died as Bailey Nicole Holt and Preston Ryan Cope, both 15. Authorities did not immediately identify the suspect. The attack was the 11th shooting incident at a U.S. schoolthis year. “This is a wound that is going to take a long time to heal,” said Gov. Matt Bevin. [Lexington Herald-Leader, The Associated Press]
 U.S., Mexico, and Canada head into crucial NAFTA talks
Negotiators from the U.S., Canada, and Mexico started crucial, week-long talks in Montreal on Tuesday, seeking to break an impasse on U.S. demands for changes to the North American Free Trade Agreement, or NAFTA. President Trump has called the trade pact a bad deal that has damaged the U.S. economy. His administration is threatening to pull out of NAFTA if it doesn’t get the changes, despite fears that scrapping NAFTA would roil financial markets. Canada and Mexico reportedly are open to making concessions on at least one Trump demand — increasing the North American content required in automobiles for them to qualify for duty-free status. This is the sixth round of the talks, which are scheduled to wrap up in March. [Reuters]
 Trump reportedly asked former acting FBI director how he voted in 2016
President Trump asked Andrew McCabe, then-acting FBI director, how he voted in the 2016 presidential election during a getting-acquainted meeting last May, The Washington Post reported Tuesday, citing officials who spoke anonymously. McCabe later described the meeting as “disturbing,” one of the officials said. McCabe reportedly told Trump he didn’t vote. Trump also expressed anger at McCabe over donations his wife received during a failed 2015 state Senate bid in Virginia from a political action committee controlled by a friend of Hillary Clinton, who was Trump’s Democratic opponent. Trump later targeted McCabe with angry tweets suggesting the investigation into Russian election meddling was a partisan Democratic attack. [The Washington Post]
 Duckworth to be first sitting senator to give birth
Sen. Tammy Duckworth (D-Ill.) announced Tuesday that she is expecting her second child. Duckworth, 49, gave birth to her daughter, Abigail O’kalani Bowlsbey, in November 2014 while still a member of the House. Duckworth is the 10th woman to have a child while serving in Congress — Rep. Yvonne Brathwaite Burke (D-Calif.) was the first, in 1973. When she has her second child, she will become the first sitting senator to give birth. Duckworth lost both legs in 2004 during the Iraq War when the Black Hawk helicopter she was piloting was hit by a rocket-propelled grenade. She was elected to the Senate in 2016 after serving in the House for two terms. [Chicago Tribune]
 The Shape of Water leads Oscar nominations
Guillermo del Toro’s aquatic fairy tale, The Shape of Water, leads the 2018 Oscar nominees, competing in 13 categories including Best Picture, Best Director, and Best Actress in a Leading Role for star Sally Hawkins. Dunkirk followed with eight nominations, while Three Billboards Outside Ebbing, Missouri earned seven nods and Phantom Thread six. All four are competing for Best Picture, alongside The PostLady BirdGet OutCall Me by Your Name, and The Darkest Hour. The Netflix historical drama Mudbound, meanwhile, made history after Rachel Morrison earned a nomination for Best Cinematography, making her the first woman ever nominated in the category. The Academy Awards will be held March 4 at 8 p.m. ET on ABC, hosted by Jimmy Kimmel. [The Washington Post, Cinemacked]
The Week

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Upcoming Important Deadlines-

(411 on Business & Real Estate Taxes  )

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

January 31st:

       – 1099 Forms Must be Issued – Give Form 1099 information statements to the recipients of certain payments you made for services during 2017. Read this important article here. 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

Mnuchin endorses the weak dollar, it’s PMI day, and the U.K. continues to defy Brexit worries.

This is fine

Treasury Secretary Steven Mnuchin said the weak greenback is “obviously”good for U.S. trade, spurring the Bloomberg Dollar Index to tumble to a fresh three-year low. Commerce Secretary Wilbur Ross in Davos hinted that more trade measures are in the offing following the imposition of import tariffs on solar panels and washing machines. President Donald Trump is due to address the gathering in Switzerland on Friday.

Strong start

IHS Markit’s January Composite Purchasing Managers’ Index for the euro area rose to a higher-than-expected 58.6, up from 58.1 in December. The bullish outlook for producers could fuel inflation, with German manufacturers raising prices at one of the fastest paces on record, a development European Central Bank President Mario Draghi may welcome ahead of tomorrow’s monetary policy decision.

Robust labor market

The U.K. economy continues to defy Brexit fears, with data this morning showing that unemployment remained at 4.3 percent in the three months through November, with the number of people in work rising 102,000 to a record high. The pound traded above $1.41 after the release, which also showed wage growth of 2.4 percent. Brexit Secretary David Davis expressed support for a two-year transition period following an agreement on the terms of the country’s exit from the European Union, saying that Britain would remain close to the EU regulatory regime after it had left the bloc.

Markets mixed

Overnight, Japan’s Topix index closed 0.5 percent lower amid continued dollar weakness. In Europe, the Stoxx 600 Index was 0.1 percent higher at 5:40 a.m. Eastern Time, with French utility Suez SA falling as much as 19 percent after reporting disappointing results. S&P 500 futures rose 0.2 percent, the 10-year Treasury yield was at 2.634 percent and gold climbed to the highest since September.

Davos

Still happening.

Here’s what you should read today

Bloomberg

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