google-site-verification=cXrcMGa94PjI5BEhkIFIyc9eZiIwZzNJc4mTXSXtGRM Mellody Hobson honored with the Barbara Graves Award - 360WISE MEDIA
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Mellody Hobson honored with the Barbara Graves Award

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Mellody Hobson, Women Of Power Summit


Businesswoman Mellody Hobson received the esteemed Barbara Graves Award BLACK ENTERPRISESannual Women in Power Summit. Hobson was honored at an event held over Easter weekend.

Hobson serves as president and co-CEO of Ariel Investment Trust, considered one of the nation’s largest Black-owned asset management firms. TO BECompany CEO Earl “Butch” Graves Jr. helped present the award to Hobson.

“A woman whose passionate vision helped launch the Women of Power Summit, and whose high standards and expectations continue to inform today,” Graves Jr. explained. about the award named after his mother. “And her indomitable spirit still breathes it. She lives through our company, where the majority of leadership positions are held by women… and she absolutely lives through this event, where her powerful legacy lives on just as much.”

After a presentation on the Graves matriarch, Alva Adams-Mason took the stage to focus on Hobson’s profession.

“(Hobson’s) journey from humble beginnings to becoming one of the most recognizable and influential business voices in the country truly illustrates an American success story,” said Adams-Mason, group manager of the Multicultural Business Alliance and Dealer Relations at Toyota Motor North America. “Through her relentless focus on business, she has become a leader and role model for others, and has used her influence and status to make a positive impact on society, particularly by increasing financial empowerment, expanding educational opportunities and promoting diversity.”

Hobson’s history was also highlighted, including her upbringing on Chicago’s South Side and subsequent success in the financial industry. She later appeared on stage to just accept the Graves Award for her contributions to the advancement of black women in business.

“I’m very honored by this,” Hobson said. “As you understand, this conference is a celebration of ladies in power. This really got me considering… at the starting of many ladies’s careers, they do not consider themselves as powerful. They imagine that power – and I’m often told this, or perhaps I feel this manner – comes from money, fame and achievement. But I imagine that irrespective of who you’re and wherever you’re, you’ve power. Always.”

Her acceptance speech touched on the concept of power. She mentioned that Rosa Parks, who seemingly had little power, was in a position to move mountains for the women following her. The 54-year-old stressed that the power of black women must be taken calmly, but that the keys to success are trust, confidants and compassion.

Hobson concluded: “This recognition means quite a bit to me. I’m stuffed with gratitude, I’m stuffed with appreciation and inspiration. And I actually have to let you know, it’s a robust feeling.


This article was originally published on : www.blackenterprise.com
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Delay in filing your tax return? Do this if you’re still not ready

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Lying to the tax office or lying about your taxes is a criminal offense punishable by up to a few years in prison. Individuals face fines of as much as $250,000 and corporations as much as $500,000. In addition, chances are you’ll be responsible for costs related to the prosecution. Uncle Sam says don’t try this. Trust us, he’ll get you. It all is dependent upon the formalities and only every week before the tax return submission deadline. However, if you’re still in search of bills, have not made an appointment with your tax advisor, or discovered a serious tax problem that needs resolution, what do you do?

File for extension.

If you actually think there isn’t any way you possibly can file your tax return before the April 15 deadline, you possibly can submit IRS Form 4858, Automatic Extension of Time to File. This half-page form asks for your name, address and Social Security number. It’s so easy. This gives you one other six months to file your tax return.

One caveat: if you owe taxes, you still should pay the quantity you owe or an approximate amount. Do not complete the quantity here. The IRS warns that if it finds your estimate unreasonable, it might invalidate your application, exposing you to penalties for failing to file.

While tax law doesn’t strictly require you to pay your tax, to get more time to file you must or will owe more in the long term. The IRS will add interest to any tax bill unpaid in April and a late payment penalty.

More information may be found at www.irs.gov.


This article was originally published on : www.blackenterprise.com
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Understanding the pros and cons of refunds and bills

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taxes, Black people


It’s tax season at my busy business in Kansas City, Missouri and across the country. For me and my team, this often means long days and longer nights. The looming query every customer desires to know is: “Will I get my a refund or will I owe Uncle Sam?

Many people consider that the goal is to get a refund. However, in the event you check with any respected financial planning expert, they may let you know that borrowing money for a yr without earning interest is a nasty investment strategy.

This is actually what taxpayers do after they receive a refund. This is shocking to some, but true nonetheless, and here’s why. You can get an instantaneous pay raise by changing your withholdings to get more of your personal money throughout the yr. Save your personal money and earn your personal interest, or repay some of your debt and accrue interest that is still money in the bank.

Typically, the next query is, “How much is my refund? The greater the return, the greater the salary increase may be. Stop! Can we conclude that it is healthier to owe the tax office than to receive a refund? Well, it is determined by your ability to pay at the end. If you owe, you might be expected to pay on or before April 15. Failure to satisfy this condition on time may lead to penalties and interest.

So what’s more useful for you? It is predicated on financial discipline and purpose. If you might be financially sustainable, your goal ought to be to interrupt even or have a small balance left to repay. If you lack financial discipline, a refund may fit to your advantage.

Consider these three quick guides to enable you with this process:

  1. Determine whether you wish your a refund or in case your goal is to interrupt even.
  2. Talk to your tax advisor to find out the mandatory steps to enable you achieve your required profits. These could include things like W-4 adjustments, a brand new business structure, or an income and expense schedule.
  3. If you are eligible for a refund, determine the best plan to make use of it properly. If you are going to break even and get more in a yr, be certain that you employ “your surplus to the advantage of your financial situation.”

Whatever you select, be committed to your plan, follow it and understand that it’s your money. Remember that a refund doesn’t all the time mean a free pot of gold at the end of the rainbow, so be certain that you are not colorblind this tax season and make smart financial decisions. The advice a superb uncle will all the time let you know!


This article was originally published on : www.blackenterprise.com
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Business and Finance

6 strategies for making money on any market

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So how do you reply to a market milestone?

No one can predict the behavior of the stock exchange. However, there are some immutable facts. Markets will proceed to be driven by uncertainty and volatility. With that said, investors who don’t take part in solid, long-term stock investing are missing out on the chance to construct wealth. If you check historical data, you will find that the typical annual return of the S&P 500 since its inception in 1928 is about 10%.

On BLACK ENTERPRISES, We have at all times advocated long-term investing. Here are some practical investment suggestions no matter market activity. Based on our interviews with countless investing experts over time, we share these basic yet effective strategies for investing in any market:

1. Don’t time the market

In other words, you mustn’t get too excited during huge market increases or panic during market declines.

Our rule of thumb: engage in disciplined, long-term investing. It’s true that the past can never fully predict future outcomes, but it surely serves as a precious reference. Get skilled advice on constructing a long-term portfolio based on your risk tolerance level and financial goals.

2. Engage in dollar-cost averaging

By investing equal dollar amounts at regular intervals, it lets you buy more shares of high-quality firms when the stock price declines, which is a possible event in today’s fickle market. In fact, most mutual funds may be arrange as automatic investment accounts.

We can also’t emphasize enough the worth of contributing to employer-sponsored 401(k) and 401(b) plans. It’s a scientific strategy to construct your retirement savings. As lots of , funds are deducted out of your paycheck and you may spend money on various investment offers for tax-free dollars. An added bonus is that in lots of cases your employer will match a portion of your premium – currently the utmost is $18,000 per yr. Because these tax-deferred vehicles are intended for retirement, you face severe penalties and tax liabilities if you happen to withdraw your funds early.

3. Look for dividend stocks

In an increasingly unpredictable environment, it is best to consider buying shares of firms that distribute money to shareholders every quarter. These stocks are typically high-quality blue chips that may provide more money flow with a yield of two% to three%. Moreover, an everyday dividend can provide downside protection.

4. Invest in what

It’s a tried and true means of spotting opportunities by attacking well-known firms, industries and products. They are frequently market leaders with powerful brands, top-shelf management, and most significantly, you already know their products and business models.

5. Protect your portfolio by being defensive

As the economy continues to indicate an especially slow recovery, look for stocks which might be performing well in any market. Pharmaceuticals, personal care, household products, food and consumer staples – products purchased by consumers in weak or strong economies – will strengthen your farms.

6. Develop an asset allocation strategy

Diversifying your investments between two or more asset classes can allow you to stay ahead within the market in the long term. One way if you happen to don’t need to administer your personal asset allocation is to take a position in so-called target-date funds. For example, if you happen to’re about 20 years away from retirement, you would possibly select a fund with a goal payout date of 2035. These funds can provide investors with the suitable asset allocation over a given time horizon and mechanically shift to a more conservative mix because the goal date approaches.

Additionally, often monitor your stock portfolio and make adjustments to individual sectors. For example, gain overseas exposure; An excellent rule of thumb is to allocate 20% to 30% of your holdings in international stocks.

(*6*)


This article was originally published on : www.blackenterprise.com
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