2026 will be one of the most impactful tax years in history, with the One Big Beautiful Bill Act (OBBB/OBBBA) signed in mid-2025. Together with the usual IRS indexing for inflation, an unusual mix of benefits, among others, is available for taxpayers. The tax season for the 2026 tax year opened in late January and […]
Black entrepreneurs continue to get a small portion of the capital available through federal and private grant programs. According to experts, awareness, accessibility, and structural obstacles that prevent many opportunities from being taken advantage of are more often the issue than a lack of funds. These are five grants that Black business entrepreneurs commonly overlook, […]
U.S. President Donald Trump, his two oldest sons, Donald Trump Jr. and Eric Trump, along with the Trump Organization, have filed a $10 billion federal lawsuit against the U.S. Treasury Department and the Internal Revenue Service (IRS). The lawsuit was filed in federal court in Miami, Florida, on January 29, 2026, alleging that the government […]
As part of its bankruptcy restructuring, Saks is closing the majority of its OFF 5TH stores. Saks Global, which is in charge of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Saks OFF 5TH, reportedly had to file for a Chapter 11 bankruptcy due to growing debt and diminishing liquidity. About 57 of the 74 […]
Black-owned businesses continue to be a significant yet underutilized source of economic expansion throughout the United States. However, some federal economic policies are influencing their prospects (and constraints). These include ways that many entrepreneurs perceive but few mainstream media outlets have adequately described. Here is a closer look at six significant policy variables that are […]
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