New Opportunity for Maryland State and Local Tax Strategy

by Ujamaa Works

November 21, 2020 / 6320 AFK

Please join the Ujamaa Works Accounting & Finance Network this Saturday, November 21 at 2pm Pacific / 5pm Eastern. We're talking about Tax Deductions for Black Business Owners.

• Raising awareness about tax strategies among black businesses

• Implementing and benefitting financially from expert tax planning

• New rule regarding Maryland state and local taxes (SALT) affecting business owners with revenues of approximately $125,000 or more

• Other tax deductions for business owners of all revenue levels and other states

• Tax planning in 2020 to benefit in 2021

• How black entrepreneurs develop black power through politicized, cooperative enterprise

• How your business can benefit from the Maryland SALT strategy and other tax deductions.

Please invite a black business owner to participate and register on Eventbrite. An experienced, Maryland CPA and member of the Ujamaa Works network will co-facilitate this seminar with Ujamaa Works member, Thinq Tanq.

In addition to discussing tax issues, this seminar is about the political dynamics in which we are operating. We'll define capitalism and critically analyze whether or not black entrepreneurs can reasonably expect this economic arrangement to enable most black people to consistently meet our essential, human needs. We'll talk about ways of organizing our commerce that might expand democracy, black power and people power, because our lives depend on it.

For information about COVID-19 resources ASAP, visit this page. For a preview of our discussion about black business and black power read, “Black Business’ Role in Breaking the Cycle of Racism, Outrage & Reform”.