Category: blog&news

• There has been a 114% increased growth in the past 20 years of women entrepreneurs running businesses. Still in the US only 4 out of 10 business are Women-Owned. Women are making moves in the right direction at an historic speed.

• In 2019 women started a net total of around 1,821 new businesses every single day. 64% of those businesses were by women of color. So, the biggest growth in Women-Run Business was made up by the majority of women of color taking the leap in starting Small Businesses.

• Those Small Businesses started weren’t just casual side hustles or borderline hobbies. There are statistics that show 62% of Women Entrepreneurs Businesses are their primary source of income. Women are taking a chance and putting in the work to ensure their small businesses are a success.

• Most women don’t even apply or look for business financing. Only 25% of women apply for any type of business financing in comparison to the 33% of men who do. Women also ask for an average of $77,000 while men ask for an average of $109,600.

•  Forbes shared that women-founded companies in the venture capital firm First Round Capital’s portfolio outperformed those founded by men by 63%. Women are out here doing things in a big way in the venture backed space, considering that only a mere 7% of venture funds were given to Women-Owned Startup’s.

• Though it may be hard for Women-Owned businesses to be approved for conventional loans, 57.4% of SBA Microloan Program Loans were given to Women-Owned or Women-Led Businesses.

• Women-Owned Businesses added half a million jobs in the US between 1997 and 2007. If women start and continue to support each other through education and resources, they could add even more jobs increasing prosperity and helping the economy.

Ready for your 2021 tax refund? Mark your calendars because January 24 is the date the Internal Revenue Service will start accepting and processing 2021 income tax returns.

The 2022 tax season will start from Monday, January 24, and end on Monday, April 18, the Treasury Department and Internal Revenue Service said Monday — but brace yourself for potentially sluggish service as the unfunded and backlogged IRS juggles another filing season, Treasury officials said.

“Planning for the nation’s filing season is a massive undertaking, and IRS teams have been working non-stop these past several months to prepare,” said IRS Commissioner Chuck Rettig. “The pandemic continues to create challenges, but the IRS reminds people there are important steps they can take to help ensure their tax return and refund don’t face processing delays. Filing electronically with direct deposit and avoiding a paper tax return is more important than ever this year. And we urge extra attention to those who received an Economic Impact Payment or an advance Child Tax Credit last year. To avoid delays, people should report the correct amount on their tax return.”

The IRS encourages everyone to have all the information they need to make sure they file a complete and accurate return. An accurate tax return can avoid processing delays, refund delays, and later IRS notices. This is especially important for people who received advance Child Tax Credit payments or Economic Impact Payments (American Rescue Plan stimulus payments) in 2021; they will need the amounts of these payments when preparing their tax returns. The IRS is mailing special letters to recipients, and they can also check amounts received on IRS.gov.

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