Your Look At Things You Need To Know For Your Tuesday

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

List of the Kremlin

FBI
The White House denies it had anything to do with FBI Deputy Director Andrew McCabe's surprise move to step down. President Trump's near-constant lambasting of him -- and other top FBI officials over the Russia investigation -- was no secret, but the White House insists Trump didn't push McCabe out. CNN's Chris Cillizza says this whole episode shows the President thinks anyone who hasn't shown loyalty to him is part of the "deep state."

Meanwhile, the House Intelligence Committee voted to release a classified memo, written by the GOP, which alleges FBI wrongdoing. Democrats say the memo is a mischaracterization of the facts. They were blocked from releasing their own competing version.

State of the Union
President Trump has mostly played to his base during his first year in office. But tonight's State of the Union, his first, gives him a chance to reach out to the whole nation. It'll be a heavy lift. His approval ratings are stuck in the high 30s, and some Democratic lawmakers are so ticked at him they're skipping the speech. (Supreme Court Justice Ruth Bader Ginsburg won't be there either.) The Dems and the GOP may want to hear different things from this President, but they both seem receptive to getting more info on his infrastructure proposals. So, at least that's a start at bipartisanship. CNN's coverage of the speech -- on all of our platforms -- starts at 5 p.m. ET.
Ireland
Abortion is a crime in Ireland's constitution. But the country's cabinet OK'd a referendum, to be held in May, that could relax its strict abortion laws. Ireland, with its mostly Catholic population, is among just 50 countries that allow abortions only when a woman's life is at risk. No exceptions are made for incest and rape. But the public's opinion on this stance seems to be changing. In a poll, 56% of Irish voters support changes to the law. A majority of lawmakers support that, too, according to the same poll.
Cambodia
Ten foreigners are in trouble in Cambodia. They're accused of violating the country's anti-porn laws after police raided a party. Cambodian authorities say the group -- made up of Britons, Canadians, Norwegians and a New Zealander -- was "preparing pornographic materials." Police sent out pics of what they say is the group simulating sexual positions (everyone is clothed). But those arrested reportedly said it's not them in the pictures, and they don't know why they were picked up. If convicted, they could face a year in jail.
5G network
The FCC's chairman is not a fan of the Trump administration's inclination to nationalize a secure 5G network. And that's a problem because the proposal  would need the FCC's OK. The National Security Council told the White House the government should take over the network to fight Chinese hackers and other threats. FCC Chairman Ajit Pai says these decisions should be driven by the market, not the government.

Won't you be my neighbor?
Tom Hanks, the nicest man in Hollywood, will be the nicest guy in the neighborhood when he stars in a Fred Rogers biopic.

Wear shoes
A Canadian couple found dozens of parasitic worms in their feet after visiting a beach. We'll never look at the sand the same again.

State of the typo
Some folks who thought they were going to the President's big speech tonight instead have tix for something called the "State of the Uniom."

See ya, chief
The Cleveland Indians' divorce from the Chief Wahoo logo is nearly complete, now that it's been dropped from the team's jerseys.

Toon cruise
It's a cruise built around cartoon characters. So heaven for the little ones -- and a certain kind of hell for their parents.

False alarm facts
Hawaii officials today will release the results of their investigation into that false missile alert.
25%
That's how much Liberia's new President, George Weah, will cut his own salary as part of an effort to confront his country's "broken economy"
CNN

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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

Market jitters increase, it's GDP day in Europe, and Trump's State of the Union address due.

Market nerves

The benchmark U.S. 10-year Treasury yield’s rise above 2.7 percent for the first time since 2014 yesterday sent some nervousness into global equity markets. Overnight, the MSCI Asia Pacific Index following U.S. stocks lower, slipping 1.2 percent while Japan’s Topix index closed down 1.2 percent. In Europe, the Stoxx 600 Index was down 0.5 percent at 5:45 a.m. Eastern Time, with energy and financial stocks among the biggest losers. S&P 500 futures pointed to a lower open, the 10-year Treasury yield had recovered to 2.688 percent and gold was slightly higher.

GDP day

The euro-area economy expanded 0.6 percent in the three months through December 2017, as the common-currency area grew for a 19th straight quarter. That gives an annual clip of 2.5 percent, beating forecasts of both economists surveyed by Bloomberg and those of the European Central Bank. On a national level both France and Spain reported strong year-end performances, with the latter shaking off the fallout from the Catalan crisis to record a 0.7 percent expansion in the quarter.

State of the Union

At 9:00 p.m. President Donald Trump will deliver his first State of the Union address to Congress. He is expected to promote his tax overhaul and highlight how he feels he is making the economy great. White House officials have said the president will seek to reach across the aisle to Democrats with his speech, as his legislative agenda will likely need more bipartisan support coming into mid-term elections this year that may see a reversal of Republican control in Congress.

Naming names

The U.S. Treasury has made a list of Russian oligarchs, but they don’t seem to have quite figured out who is naughty or nice, making clear the roster does not amount to a sanctions list. The 96 tycoons matched the list of billionaires published by the Russian edition of Forbes magazine last year. Elsewhere in Washington, a House committee voted Monday to seek White House clearance to release a memo alleging bias against people surrounding President Trump, while also voting to open an investigation of the Justice Department and the Federal Bureau of Investigation.

Brexit memo

Government economic forecasts on the effect of Brexit on the U.K. economy show that growth would be hurt under every scenario modeled. The documents, which were leaked to BuzzFeed despite efforts to keep them secret, show that a hard Brexit would leave the economy 8 percent smaller in 15 years time than would otherwise be the case. In the short term, the U.K. consumer is showing continuing resilience, with sentiment rising to 108.2 in January, according to figures published this morning. The recent rise in the value of sterling may also provide some relief for Bank of England Governor Mark Carney, with Dan Hanson at Bloomberg Economics calculating that the 3 percent rise in the currency’s trade-weighted level since the bank’s November forecast will knock 0.2 percentage points off future inflation forecasts.

Here's what you should read today

 Bloomberg

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