Celebrating Women in Business
As a woman-owned business ourselves, On the Books celebrates women and how far we have come in the business world and how we continue to grow and persevere. In 1972, women-owned businesses only represented 4.6% of all business, where now they represent over 42% of all U.S. Business. There were nearly 13 million women-owned businesses generating $1.9 Trillion in revenue for the U.S. in 2019 according to American Express before the pandemic hit. In the past two decades the number of women entrepreneurs has increased by 114%. Keep working ladies!
Click here for 35 Women-Owned Business Statistics You Need to Know in 2021.
ATTN: Repaying Deferred Taxes
If your company deferred taxes through Gusto during 2020, you’re responsible for repaying these amounts to the IRS directly!
Due Dates for Repayment for Deferred Company Taxes:
December 31st, 2021: 50% of eligible deferred amount
December 31st, 2022: the remaining amount
Deferred Employee Taxes:
It is the employer’s responsibility to repay deferred tax amounts back to the IRS once the deferment period ends, even if they haven’t collected the taxes from their employees. The due date has been extended from April 30th, 2021 to December 31st, 2021. For more information on the process for repayment, how to check deferment, and more click here.
If you want to support women owned businesses here are a few resources:
Women Owned Businesses in the Triangle
FORBES 76 Women-Owned Small Businesses
To join or attend meetings of the Women Business Owners Network of the Triangle (WBON) – Click Here
On the Books Recommendations (Books, Podcasts, and More!
March Podcast: (Un)Founded – Women Investing in Women with Sylvia Kwan
As the Chief Investment Officer at Ellevest (a technology financial company built by women for women) Sylvia has a powerful perspective when it comes to why women have been kept out of investing. Listen here to find out how things are changing and what the future holds for women who want to invest.
March Book: In the Company of Women by Grace Bonney
A compilation of over 100 exceptional and influential women who have overcome adversity through their creative spirit that sparked a global movement of entrepreneurship. From Media titans and architects to comedians and tattoo artists. Get this New York Times Bestseller here.
Upcoming Virtual Events:
Be In It: Stories to Elevate & Empower Women+ of Color in Tech – March 30th @6:30-8:30pm –
Through the power of story telling, this virtual event will bring together women’s voices who are often unheard and overlooked in the tech industry.
Women Owned Business Program Webinar – March 31st @ 12:00-1:00pm –
If your business if over 51% woman-owned, do not miss this educational opportunity to certify your business as a woman-owned small business.
Leading from the Boardroom: The Diversity Imperative – April 6th @ 8:30am-April 7th @11:00am –
A two-day educational program for current and aspiring directors/organizations interested in: how to prepare for service on a for-profit board, advancing skills as a sitting director, a deep dive into strategic priorities for organizations, and data on diversity and equality.
NC State Entrepreneur Games – April 13th @ 5:30pm –
NC State’s annual startup competition awards over $100,000 to NC State Entrepreneurs. Come see who will take the crown in the “Think” and “Do” categories.
Frontiers of Entrepreneurship Conference 2021 – April 22nd – 23rd –
A premier event for identifying trends, examining issues, and setting the agenda for the future of entrepreneurship research and policy. A two-day virtual conference led by globally prominent thought leaders in the field.