29-year-old entrepreneur Hashim Walters from New Orleans, Louisiana, has officially launched The Latimer Group, an ownership consortium focused on acquiring Spirit Airlines, an iconic brand facing critical financial distress. He says that his mission is to empower African American economic leaders, creating the only Black-owned commercial airline in the United States.
Browsing: Business
We have experienced so much business disruption in recent years, and one change that should not be overlooked is the new role of the Chief Financial Officer.
In a digital landscape increasingly controlled by government regulations and corporate interests, social media platforms have strayed far from their original promise of open connection and free expression. Instead, censorship, algorithmic manipulation, and the amplification of divisive content have become the norm. For many creators, Fanbase is no longer just an alternative—it’s the only option.
Starting a new job is always exciting but can also be nerve-wracking. Whether stepping into a new office for the first time or joining a virtual team, the first few weeks can set the tone for your experience. You want to make a great impression, but that doesn’t mean you need to come in and change the world on day one. In fact, some of the best advice for a new job is knowing what not to do. Navigating the early days with caution, patience, and humility can go a long way in building a strong foundation for success.
As we embark on a new year, here’s a reminder of the significant changes to retirement plan contribution limits and related adjustments for the tax year 2025 announced by the Internal Revenue Service (IRS). These updates affect a wide array of retirement accounts, including 401(k) plans, 403(b) plans, governmental 457 plans, the federal government’s Thrift Savings Plan (TSP), Individual Retirement Accounts (IRAs), and SIMPLE plans. The changes bring important implications for employees, employers (including government and not-for-profit organizations), and those involved in plan administration, accounting, and financial reporting. Continue reading to learn about these updates and their impact on you and your organization.
As we enter 2025, small business owners are finding a silver lining amidst challenges. The latest JPMorgan Chase’s 2025 Business Leaders Outlook Survey reveals a wave of optimism sweeping through the sector. More than 70% of small business owners express confidence, feeling “optimistic” or “very optimistic” about both their industry’s and their company’s performance in the coming year. Notably, diverse business owners are showing greater optimism about the economic landscape at local, national, and global levels.
The IRS has announced Jan. 27 as the official start date of the 2025 tax season and expects more than 140 million tax returns to be filed by the April 15 tax deadline.
Gridmaster Solar One, founded by industry veteran Michael Henry who is also the company’s CEO, has achieved a historic milestone as the first Black-owned solar franchise globally. With 45 franchises already on board, the company is on a mission to expand to 2000, redefining renewable energy solutions across diverse sectors.
Gina Merritt, an African American woman affordable housing developer from Washington, DC, is shaking up the real estate industry while already having raised $310 million since 2021. Her firm, NREUV, leads innovative projects across the U.S., creating 1,200 housing units with amenities and a focus on community needs.
Blu Jean Louis, the founder and CEO of Empire Tax Services, a Black-owned financial services company, is expanding her reach and impact with the opening of her company’s first physical office in downtown Kokomo, Indiana. Located at 106 W. Mulberry Street, this milestone marks the company’s evolution from a virtual business to a community-focused hub offering essential financial services and support. Despite this exciting new chapter, her company will continue to accept virtual clients nationwide, maintaining the accessibility and flexibility that have been key to its success.