Tag: Finance

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Business

Tax Tips for small businesses

There are 23 million small businesses in America, according to the U.S. Small Business Administration. Although each is unique, you can be sure that they have a common desire to minimize their taxes and make the most of the deductions for which they qualify. The Pennsylvania Institute of Certified Public Accountants (PICPA) offers these tips on how to achieve those goals.

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Business

Memphis Tri-State Defender gets new ownership

Publisher and President Bernal E. Smith II has engineered a deal that brings local ownership to the TSD. (Photo: Warren Roseborough) For the first time in its storied 62-year history, the Memphis Tri-State Defender will be both locally owned and operated. Following an extended period of discussion and negotiations, Real Times Media, Inc. (RTM) has agreed to sell the assets of Tri-State Defender, Inc. (TSD) to BEST Media Properties, Inc., a Tennessee Corporation established by current TSD President and Publisher, Bernal E. Smith II.

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Metro

Point Park program opens doors to finance, accounting

ACCOUNTING AWARENESS—Counselor Erika Mangual works with brothers, Joziah Council and Jesse Council, from Beaver Area High School. (Photo by J.L. Martello) According to the United States Bureau of Labor, the mean salary for accountants and auditors around the country is $71,040 per year. This statistic is a key motivator for the African-American students enrolled in Point Park’s Accounting Career Awareness Program, a one-week summer camp for minority students interested in exploring careers in accounting and finance.

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Business

Black-owned banks face challenges

The once-towering stature of the Black bank has diminished. After almost 125 years of serving the underserved, the Black banking community has been brought to a new low by a shrinking clientele, questions of relevance, competition from big banks and the fluctuating fortunes of its traditional client base—churches, small businesses and lower- and middle-income Blacks, who have borne the brunt of the economic recession.