The Corporate Transparency Act (CTA) took effect in 2024, requiring over 30 million businesses to either submit a beneficial ownership report to the U.S. Department of Treasury or claim an exemption. Unless they qualify for a specific exemption, January 1, 2025, is the final filing deadline for businesses formed before 2024.
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As Americans live longer, the ability to remain financially independent is an ongoing struggle. Especially for Black and other people of color whose lifetime incomes are often lower than that of other contemporaries, finding money to save for ‘old age’ is particularly daunting.
“If you come from a household where you saw your parents live paycheck to paycheck, you may emulate those behaviors,” Payton says. “To address the challenges of living paycheck to paycheck, individuals must adopt proactive measures to improve their financial well-being.”
The Campaign enlisted support from influential entrepreneur champions to rally business owners in key battleground states
Financial education is integral to workforce readiness and overall life skills success, which is why it’s important for young people to understand financial basics, especially by the time they enter the workplace. Whether their goal is to manage their first paycheck, build savings and credit, own a home, start a business, or make a difference in the community, financial education and resources can help young people get on the path to achieve those goals.
The Public Service Loan Forgiveness Program provides debt cancellation to public service workers at the local, state and federal levels who have accumulated 10 years of repayment and 10 years of public service.
The nation’s largest corporate landlord for single-family home rentals (last month/recently?) was fined $48 million by the Federal Trade Commission (FTC) for years-long financial abuses of tenants. The firm, Invitation Homes, also will be required to change its practices, and agree to long-term monitoring of its rental activity.
The latest rate cut sounds great, but what’s the real impact for Black homebuyers? Here’s what you need to consider.
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NNPA NEWSWIRE — The message from Color of Change and Americans for Tax Fairness is clear: America’s tax system is broken, and without immediate reforms, the racial wealth gap will continue to widen. “Addressing the insidious racial preferences in our tax code is one of the most direct ways we can not only help Black communities grow here and now but for generations to come,” concludes Color of Change Managing Director Portia Allen-Kyle.