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KNOW | TWELVE, JANUARY 2018

4 Jan 2018,
Posted by Emily Morgan

Facebook adds a Snooze button for muting people, groups and Pages for 30 days

Last week Facebook launched a Snooze feature that gives users another option to limit what they see in their news feed. This new feature allows users to mute content from any person, page or group for 30 days without having to go to the extreme of unfriending or unfollowing someone they Facebook-logo-ICON-02.pngmay want to keep in touch with later. Don’t want to see a month long stream of political rants or baby photos? Temporarily block that group or person by using the new snooze button in the top right dropdown menu on a post.

Some critics of the feature expressed concerns that highly personalizing content will allow people to ensconce themselves in a bubble where everything they see on Facebook is from people who think like them, thereby decreasing tolerance for those who don’t share the same beliefs. However, for Groups and commercial Pages, the Snooze feature may mean they can retain followers and less active users who may have otherwise ‘unliked’ them or left the group to avoid seeing their posts. Facebook will notify users when the Snooze period is ending in case you need to snooze them again, and the snooze can be reversed at any time if you change your mind. - Tech Crunch

Special Report: Future of Work

 

With the FCC’s repeal of net neutrality, here’s what to expect

The Federal Communications Commission recent vote to end net neutrality, throwing out the idea that all web traffic should be treated equally, and has left Americans wondering what the outcome will mean for them. The regulation had ensured that internet websites and services were treated equally by internet service providers. The concern now is that we will all see higher prices or be asked to pay for services that are currently free. Internet service providers may also be able to push out websites or services they don’t like or which don’t pay for access. While these changes are possible it is unlikely they will happen very quickly. More likely it will take time for service providers to figure out a way to charge for additional fees and services.

 

One scenario is the creation of a “slow lane” and a “fast lane”, where companies who agree to pay a fee are given preferred access, and smaller companies that don’t have those resources are pushed into the “slow lane”. This would adversely affect both consumers and start-ups. Another scenario is that your internet service provider pushes their own video streaming service and slows down YouTube, or gets into a dispute with Amazon and slows down traffic to the shopping site. Though big telecommunications companies had fiercely lobbied to overturn the rules, experts are confident that in the near term, legal challenges to the FCC’s ruling will keep them in check because they will be in the spotlight. - CBS News

 Special Report: Future of Work

 

What tax reform really means for small businesses

While Republicans have celebrated their tax reform bill as a boon for U.S. businesses, the effects on America’s small businesses are more complicated to determine. Instead of lowering the tax rate on all pass-through businesses, the final bill allows pass-throughs to deduct up to 20% of income. However determining how much to deduct how much is dependent on the type of and the corresponding formula for that entity.

 

For personal service business, such as realtors, attorneys, architects, engineers and brokers, the 20% deduction is only available for married couples filing jointly with incomes up to $315,000 and $157,500 for single taxpayers. Since most personal service businesses are S corporations, how much they save is dependent on how much of the S corp. is comprised of salary versus pass-through income. Some business owners may be tempted to take a smaller salary in order to get a larger deduction, but experts say the Internal Revenue Service (IRS) has been carefully auditing businesses to determine how much money is pass-through and how much is salary. For other employee-driven businesses the 20% deduction is limited to 50% of their payroll. - Fox Business

 

Special Report: Future of Work

 

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