Wednesday, February 26, 2020

First Space-Qualified, Commercial Solid-State Drive Lifts Off into Orbit

Open systems architecture reduces development time for mission-critical systems in high-radiation environments

ANDOVER, Mass., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com ), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced that its TRRUST-Stor ® 3U VPX RT solid state drive (SSD) has launched into low Earth orbit (LEO) as part of a satellite constellation system developed by a leading defense prime contractor.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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Many things are taking place:

Statehouse Beat: Legislation on foster care and solar energy, among others, survive Crossover Day
Publisher: Charleston Gazette-Mail
Date: phil_kabler wvamupdate
Author: Phil Kabler Staff writer
Twitter: @wvgazettemail
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2020 Estate Planning Update | Verrill - JDSupra

What you need to know : The Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect on January 1, 2020. The most significant provisions of the SECURE Act involve changes to the withdrawal requirements for inherited retirement assets.

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Minor Beneficiaries : The ten-year requirement does not apply to minor children of the deceased IRA owner, but applies once a child reaches the age of majority (as determined by state law), at which point all of the plan assets must be withdrawn within ten years thereafter.

Publisher: JD Supra
Date: 2020 Estate Planning Update JD Supra
Twitter: @jdsupra
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US Treasury: Final Opportunity Zone Regulations

The US Treasury released Final Regulations providing guidance under Subchapter Z (the Opportunity Zone Provisions) of the Internal Revenue Code in December of 2019. The Final Regulations clarify many portions of two earlier sets of proposed regulations released in October of 2018 and April of 2019, and contain numerous provisions that are likely to benefit investors in Qualified Opportunity Zones.

The Tax Cuts and Jobs Act of 2017 introduced the Opportunity Zone Provisions as an incentive to encourage investment in designated low-income communities. The Opportunity Zone Provisions allow taxpayers to defer tax on capital gains that are reinvested in a "qualified opportunity fund" (QOF), potentially reduce by up to 15% the tax on their initial capital gain, and eliminate the tax on appreciation in their eligible interest in the QOF after holding it for at least 10 years.

Publisher: The National Law Review
Date: 5493B547C0AB527FF4CF8C4D0127302A
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In case you are keeping track:

Chancellor Rishi Sunak bows to industry pressure on IR35 changes : CityAM

Chancellor Rishi Sunak has bowed to industry pressure over IR35 tax changes by promising enforcement will not be “heavy-handed”.

The IR35 measures were implemented in order to prevent tax avoidance by “disguised employees”, contractors with permanent positions at companies without paying the same tax or national insurance contribution as standard employees.

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Under the latest reforms private sector employers will now be responsible for assessing whether or not contractors need to pay income tax or NI contributions.

Publisher: CityAM
Date: 2020-02-24T09:23:39 00:00
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PSEG Announces 2019 Results - Oil & Gas 360

NEWARK, N.J. , Feb. 26, 2020 /PRNewswire/ -- Public Service Enterprise Group (PSEG) reported 2019 Net Income of $1,693 million , or $3.33 per share, as compared to Net Income of $1,438 million , or $2.83 per share for 2018.  Non-GAAP Operating Earnings for 2019 were $1,666 million , or $3.28 per share, compared to $1,582 million , or $3.12 per share for 2018.  Non-GAAP Operating Earnings for the full-year 2019 exclude items shown in Attachments 8 and 9. 

Publisher: Oil & Gas 360
Date: 2020-02-26T14:30:00-07:00
Author:
Twitter: @oag360
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BBB Tip: How to Choose a Tax Preparer

First, it’s important to understand the different types of tax preparer and their qualifications. Only enrolled agents, certified public accounts and attorneys may represent their clients to the IRS on matters such as audits, collection issues, and appeals. 

Enrolled Agent (EA): An EA is a tax preparer that has been approved by the IRS to represent taxpayers. An EA must either have prior qualifying employment with the IRS or pass an intensive two-day exam on federal taxation and complete a background check. To maintain EA status, they must complete a specified number of credit hours each year of continuing education in accounting methods and tax regulations.

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Brazil Tax Laws Strike Crypto Exchanges - Cryptocurrency Regulation - Altcoin Buzz

According to reports, two major crypto exchanges in Brazil confirmed the closure of their business after the implementation of new tax rules in the country. The affected exchanges include Latoex (Latin America Token Exchange). As well as, Porto Alegre-headquartered, Acesso Bitcoin.

Based on reports, Latoex, formerly known as E-juno, claim to be shutting down due to difficulties in meeting the tax authority's new requirements. Diego Velasques, the chief executive officer of Latoex Capital (the investment arm of the exchange), confirmed the closure last week.

Publisher: Altcoin Buzz
Date: 2020-02-17T11:53:10 00:00
Twitter: @altcoinbuzzio
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