-COMING SOON-
JOIN OUR TEAM WE'RE NOW LOOKING FOR ADVERTISERS AND AFFILIATE PARTNERS

(Banner Space)

MENU
MENU

Author: Ronald Bethea    3/12/2024    PCPC News Blog

Need or want help with application click on Referral Link: https://partners.fileforms.io/l/93151244/

Positive Change Purchasing Cooperative

News Release

Positive Change Purchasing Cooperative LLC. has launched a National Information Campaign:

Entitled:  HR2513 CTA, HR 40, Justice 40 Initiative Executive orders 14006-14096, HB0842

and

Their Impacts on 2024 Presidential Election.

 

Bill HR2513

Sponsored by Representative Carolyn Maloney Democrat New York

Around the Bill HR2513 which is disproportionately impacting African American women and other women minorities owned nonemployee businesses. Women owned 41.1% (11.2 million) and minorities owned 36.7% (10 million) of the nation’s nonemployer businesses (those without paid employees) and had $307.9 billion and $345.1 billion, respectively, in receipts in 2020, according to the new Nonemployer Statistics by Demographics (NES-D) released today by the U.S. Census Bureau. There were a total of 27.2 million nonemployer businesses with $1.3 trillion in receipts in 2020

The world of work has become more complex because of the different types of employee classifications. As a result, more businesses are hiring freelancers, contractors, and employees to handle long-term or short-term projects, in their organizations. In fact, the US has 70.4 million freelancers and 9.6 million self-employed professionals — and this number is still growing.

97% of small businesses are required to file a FinCEN BOI Report in 2024.

  • Less than 10% of small business owners know of their BOI filing obligations. Do you?
  • Avoid penalties up to $591/day and $10,000.

The Corporate Transparency Act (CTA) was enacted in 2021 to mitigate illicit financial activities by requiring most companies that conduct business in the U.S. to report specific information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN).

FinCEN is a bureau of the U.S. Treasury whose mission is to combat financial crimes by collecting and analyzing information about financial transactions to combat money laundering, terrorist financing, and other financial crimes. The CTA’s reporting requirements take effect on January 1, 2024, and the implications for U.S. business owners and their professional service providers are far-reaching. www.FinCEN.gov

Beneficial Ownership Information (BOI) Reporting

  • Unbeknownst to most business owners and even their trusted advisors, BOI reporting is a novel informational filing that will impact approximately 36 – 40 million businesses in the U.S. Certain companies formed before January 1, 2024, who do not qualify for an exemption must file their initial report by January 1, 2025.
  • New companies formed after January 1, 2024, only have 90 days from formation to file their initial BOI report. Time is of the essence, and U.S. business owners will undoubtedly turn to their professional service providers for guidance and assistance with this new filing requirement. It’s imperative for business advisors to understand their responsibilities and limitations in assisting their clients with CTA compliance.
  • If your company was formed or is operating in the United States, your Beneficial Ownership Information (BOI) Report is due by the end of the year, or sooner.
    • Formed Before 2024: Report is due by December 31, 2024
    • Formed During 2024: Report is due within 90 days of formation
    • Formed January 1, 2025:  Report due in 30 days of formation

Filing deadline approaching for newly-formed entities

pexels-pixabay-39396

April 1st marked the first day that entities formed in January 2024 would need to file their BOI report to avoid fines and penalties.

Any business formed on or after January 1, 2024, has 90 days from the date of that business’s creation to file its BOI report. Any entity formed between January 1st and 3rd would now be subject to penalties of up to $591 per day. Entities formed on January 1, 2024 may already be subject to $1,773 in penalties!

 

Click the link below to view our BOI Reference Guide to refresh your memory on BOI requirements and penalties.
BREAKING NEWS | FEDERAL JUDGE RULES IN FAVOR OF NSBA

The Corporate Transparency Act (CTA) was signed into law Dec. 2020 and is now in effect for many small businesses. This law will require ONLY certain businesses with fewer than 20 employees to disclose beneficial owners’ information to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).

HUNTSVILLE, AL – NSBA applauds the ruling by the U.S. District Court of the Northern District of Alabama to grant summary judgment in NSBA’s challenge of the constitutionality of the Corporate Transparency Act (CTA). The ruling by Judge Liles Burke to strike down the CTA is a victory for law-abiding small-business owners everywhere who would have been forced to disclose their sensitive personal information to a government database. 

“The CTA has from the very beginning been poor policy that unfairly targets America’s small businesses,” said Todd McCracken, President and CEO of NSBA. “This ruling justifies the concerns of millions of American businesses about how the CTA is not only a bureaucratic overreach, but a Constitutional infringement.”
The challenge to the CTA began in 2022 when the NSBA and Huntsville business owner Isaac Winkles first brought their case before the District Court. While the case was being considered in court, the U.S. Treasury Department’s implementation of the CTA has fallen short of expectations – millions of small-business owners still do not know about the requirements of the CTA The database is ripe for data security issues and confusion which could saddle small-business owners with hefty penalties or even jail time.  “As the court noted, the ultimate goals of the CTA, countering money laundering and terrorism financing are laudable,” said John Neiman, counsel for the NSBA and Mr. Winkles. “But as the court also noted, the Constitution sets limits on what Congress can do to achieve even the most laudable of goals, and Congress violated those limits here. Congress can find a way to achieve these goals without exceeding the limits on its powers under the Constitution.” “The judge’s decision is an opportunity for Congress to go back to the drawing board and find a solution that will truly protect Americans from bad actors,” said McCracken. “The CTA simply will not accomplish the goal of stemming money-laundering – what it does is overstep the bounds of privacy, the law, and common sense at the expense of America’s small businesses.”
Please click here to read the ruling. 
Celebrating more than 85 years in operation, NSBA is a staunchly nonpartisan organization advocating on behalf of America’s entrepreneurs. NSBA’s 65,000 members represent every state and every industry in the U.S. Please visit www.nsba.biz or follow us at @NSBAAdvocate.

HR 40

HR 40: Introduced in House (01/04/2021) Commission to Study and Develop Reparation Proposals for    African    Americans Act. This bill establishes the Commission to Study and Develop Reparation Proposals for African Americans. The commission shall examine slavery and discrimination in the colonies and the United States from 1619 to the present and recommend appropriate remedies The commission shall identify (1) the role of the federal and state governments in supporting the institution of slavery, (2) forms of discrimination in the public and private sectors against freed slaves and their descendants, and (3) lingering negative effects of slavery on living African Americans and society.

BIDEN NEEDS TO SIGN AND EXCUTIVE ORDER PUTTING THE REPARATION COMMISSION IN PLACE. There are  2.9 MIILION  AFRICAN VOTES ON THE LINE. According to Kamm Howard MBA, national and interntional reparations scholar and activist. Had a  computer A.I.  study that the 20 percent drop in the polls with young African American voters

JUSTIC 40 Initiative Executive orders 14006-14096: A WHOLE-OF-GOVERNMENT INITIATIV  

Justice 40:  For the first time in our nation’s history, the Federal government has made it a goal that 40 percent of the overall benefits of certain Federal climate, clean energy, affordable and sustainable housing, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. President Biden made this historic commitment when he signed Executive Order 14008 on Tackling the Climate Crisis at Home and Abroad within days of taking office. To continue delivering on his environmental justice vision, President Biden signed Executive Order 14096 on Revitalizing Our Nation’s Commitment to Environmental Justice for All in April 2023.

What kinds of investments fall within the Justice40 Initiative? The categories of investment are: climate change, clean energy and energy efficiency, clean transit, affordable and sustainable housing, training and workforce development, remediation and reduction of legacy pollution, and the development of critical clean water and wastewater infrastructure.

How is the Administration implementing the Justice40 Initiative? A national commitment to environmental justice of this magnitude has never been made before. To meet the goal of the Justice40 Initiative, the Administration is transforming hundreds of Federal programs to ensure that disadvantaged communities receive the benefits of new and existing Federal investments. Through the President’s Investing in America Agenda — including the Inflation Reduction Act, Bipartisan Infrastructure Law, and the American Rescue Plan — Federal agencies are making historic investments to advance environmental justice and benefit disadvantaged communities. These investments will help confront decades of underinvestment in disadvantaged communities and bring critical resources to communities that have been overburdened by legacy pollution and environmental hazards.

Top of Form: HB0842

Title: Environmental Justice

 Investment in Infrastructure Construction Projects

Fiscal and Policy Note: Synopsis

Requiring a state agency, in administering certain federal funds, to allocate 40% of those funds to infrastructure construction projects in overburdened communities and underserved communities and an additional 40% of those funds to infrastructure construction projects in communities of color and communities with a high percentage of low- to moderate-income households in the State; establishing the Justice40 Committee; etc.

Sponsored by

Delegates Taveras, Holmes, and Kaufman Status In the House – Hearing 3/06 at 1:00 p.m. (Appropriations)

The National Association of Blacks In Solar 2020 – 2021 National Platform Calling For A Green Economic Development Plan for Black America

Published: 11/3/2020

A Message from President (NABS)

Ronald K. Bethea

“Black America: Our Future is Now in Renewable Energy Industry”

We refuse to be relegated to simply a consumer class in this new renewable energy green market economy. NABS we will be at the forefront, advocating and actively engaging and seeking out public and private funding to make this platform become a reality.  By educating the black community locally and nationally about the economic impacts of climate change and the need for environmental education in the black community through black talk radio programs such as “Solar Now and The Future with Its Economic Impact on Black America” by purchasing a ninety-minute weekly time slot with one of the nationally syndicated black owned radio stations. Also, we will work the NABS membership and other stockholders on public policy issues to accomplish the following:

  • To address the economic effect of high energy cost for HBCUS.
  • To utilize black American-owned farm lands and HBCU campuses to develop capacity and initiatives for solar installation projects to bring down unemployment and under employment of young black men and women.
  • To encourage the development of mentorship-owned solar companies that will fully integrate Black Americans into the Renewable Solar Power industry,
  • To structure a national system for the delivery of cost-saving solar power to our black-owned businesses, our homes, our churches, our schools, our non-profits and other black-owned facilities. We will create a solar jobs training network throughout the country in our black communities,
  • To establish a Legal Division that will fight for solar policy change for our black municipalities, counties, and communities,
  • To establish a coalition working with existing black organizations across America for the purposes of securing Congressional support, assuring buy-in from existing solar industry associations, and pursuing many other activities that will support our efforts.

BUILDING A STRONGER, FAIRER GREEN ECONOMY FOR BLACK AMERICA

  • NABS will request that members of Congressional Black Caucus host an Executive Congressional Hearing on a Green Economic Development Plan for Black America including members of the CBC who serve on oversight committees that play keys roles on climate change and renewable energy, “Solar-Based Economic Development”.
  • NABS will address this serious issue by establishing a process for evaluating social, political, economic environments and priorities in the development of an individualized long-term solar strategy for HBCUs, Black municipalities, Black county governments, the Black business community, and Black non-profits and demand that the Biden Administration invest 35% of the $2 trillion that his administration plans to invest clean energy in black communities nationally.
  • The following African-American owned institutions include HBCUs, black-owned banks, businesses, churches, farmers, and property owners, along with targeted funding for African-American owned commercial and residential units nationally through the Property Assessed Clean Energy (PACE) and The Rural Energy for America Program (REAP). The Biden administration is planning to implement these resources over his first term.
  • NABS will request full funding for a national HBCU Five- Year Green Economic Development Sustainability Plan developed by the Positive Change Purchasing Cooperative, LLC. and PEER Consultants lead by their CEO, Dr. Lilia Abron, P.E., BCEE who just received the highest professional distinction accorded to an engineer, as an inductee of the National Academy of Engineers Class of 2020. The plan is designed

To increase the market share for African American solar design, installation and work force development companies. The NASB will work on public policy issues with the following:

  1. African American Mayors Association
  2. Black public service commissioners and black members of PSC Commissions, nationally
  3. Black state legislative caucuses and members, nationally
  4. Black city council members, county commissioners, nationally
  • To use Property Assessed Clean Energy (PACE) as a national organizing tool to cut energy cost for black business owned and residential properties, nationally and to negotiate with Chain Store Franchisers on Solar for Black Franchisees
  • To use the Rural Energy for America Program (REAP) which provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses to purchase or install renewable energy systems or make energy efficiency improvements
  • To negotiate a position with major corporation to serve as off takers for NABS Member Projects on their books.
  • To negotiate with U.S. DOE Solar Training Network to establish a National Solar STEM Program as well as to establish Solar Job Training Centers at Selected HBCUs and other locations around the country
  • To negotiate with training platform owners to standardize solar job training in the black community nationwide through NABS members and partnerships
  • To achieve a National Solar Consultancy for black Institutions, municipalities, counties, and communities
  • To create a legal department that will work to develop public policy to work with other associations in pursuit or solar policies benefitable black communities nationally