IRS Tax Tip 2024-41, April 30, 2024 The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and information to help people through the process of starting a new business. Here are some tips for new entrepreneurs. Choose a business […]
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Leadership & Financial Literacy: A Celebration of Women in Business As Financial Literacy Month wraps up, it’s the perfect moment to reflect on how far we’ve come in mastering our financial game. For us women in leadership and entrepreneurship, understanding finances isn’t just about keeping the lights on—it’s about empowering ourselves to make smart
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Rising interest rates mean banks are finally offering decent returns on deposits again. If you want to make the most of your cash, checking out certificates of deposit, or CDs, is a smart move. CDs are federally insured, just like you’re checking and savings accounts, but they usually come with much better interest rates. In
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Saving vs. Investing: How Do You Decide? There’s no magic number involved—it’s all about timing So, you’ve got some extra cash on hand. Now you need to decide whether to save it or invest it. Surprisingly, this decision isn’t about how much money you have. Nowadays, with apps offering no transaction fees and low
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What Is FDIC Insurance? Knowing the ins and outs can give peace of mind What is FDIC Bank failures—like what just happened with Silicon Valley Bank—can be pretty nerve-wracking, making you worry about losing all your savings overnight. But don’t stress too much, because the Federal Deposit Insurance Corp. (FDIC) has got your back.
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Tax Tip Hobbie or Business Here’s what to know about that side Hustle. IRS Tax Tip 2023-61, May 3, 2023 Sometimes the line between having a hobby and running a business can be confusing, but knowing the difference is important because hobbies and businesses are treated differently when it’s time to file a tax return.
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The Importance of having Multiple Streams of Income: When it comes to your finances, it’s important to have multiple streams of income. There are many reasons why this can be beneficial—including financial stability, peace of mind, and knowing you have options if one way isn’t working out. Having multiple sources of income is a great
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Black History Month is not just a month; it’s a reminder, a celebration, and a testament to the indomitable spirit of a people who have faced adversity with unwavering strength. It’s a time to reflect on our history, our struggles, and the remarkable achievements that have shaped our journey. While February serves as a designated
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