Monthly Archives: March 2018

Have You Done Your Taxes?

That April 15 (well, actually April 17 due to the weekend) deadline is fast approaching. Where are you with your taxes?

This can be especially daunting if you own a small business. Here’s what to expect:

April 17, 2018

Estimated Quarterly Payments due

AND

Individual Tax Returns Due: For an automatic six-month extension, file Form 4868.

Corporation Tax Returns Due (Form 1120): For an automatic five-month extension, file Form 7004 

Read more at https://bench.co/syllabus/tax-basics/2018-tax-deadlines-small-business/#lg0ZGrPpDMwG4Omf.99

Mental Toughness: Why You Need It

What’s mental toughness? Do you have it? How is it helpful in business? Because mental toughness forms the foundations for success, grit, tenacity and determination help to solidify this endeavor for many successful business people.

Check out these 7 Habits of People With Remarkable Mental Toughness

https://www.inc.com/jeff-haden/7-habits-of-people-with-remarkable-mental-toughness.html

Bitcoin and Taxes

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Yikes! A Reddit user claims he owes the IRS $50,000 thanks to bitcoin.

That’s a lot of cash. Check out CNBC’s advice on how to avoid a surprise tax bill like this one.

It’s dizzying to keep up with bitcoin’s rise and fall. The price has shot from below $1,000 at the beginning of 2017 to more than $19,000 in December before plunging to $8,000 this month.  Investors who cashed out when the market was high now find themselves socked with a huge tax bill.  Read on…

https://www.cnbc.com/2018/03/20/how-to-avoid-a-surprise-tax-bill-from-investments-like-bitcoin.html

Facebook and Social Media Slump in Stocks

You’ve probably heard about the latest data breach to hit Facebook. Well, now its stock is sliding — for the second day in a row.

Shares of Facebook fell another 5% on March 20, wiping $50 billion off its market value. Facebook isn’t the only one suffering. The broader market is affected too, dragging down tech and social media companies such as Twitter with a 9% tumble.

Just to put that in perspective, the $50 billion loss is larger than the market valuations of Ford, eBay or Delta. Read more here.

http://money.cnn.com/2018/03/20/news/companies/facebook-stock-price-mark-zuckerberg/index.html

The Domination of Black Panther

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Have you seen Black Panther yet?  You should. It’s entertaining and it’s setting box office records all over the place. It’s the first movie since Avatar in 2009/2010 to top the weekend box office for five weeks in a row — only the 11th movie in 30 years to do so. Just think Rain Man, Home Alone, Silence of the Lambs, Titanic, the Sixth Sense and so many more.

So, go see what all the fuss is about! You won’t be disappointed.