One of my file cabinets
By now you should've gotten all of your W-2s and 1099s, and you're preparing for tax season before the deadline date of April 15, 2010. For some people, it's a time to roll in the dough and get some much needed dinero. You're dancing around your home like you're Swizz Beatz and saying, "Somebody bring me back some money please," but don't let Uncle Sam switch up the chorus on you. For others, like me who usually end up with an underpayment and have to pay the state, tax season can be a frustrating time. Even worse, I completed my taxes this weekend and owe the Feds and the state.
Here is the downside of being a freelance writer and an independent contractor. Although you do get more money up front for projects and are paid in full, you are held responsible for paying your own taxes. This could end up being pretty expensive come January for any contracted job that pays you $600 or more. But with the right recordkeeping, you can make doing your taxes a little less painful.
Haiti's musician Wyclef Jean, left, arrives at the airport in Port-au-Prince on Wednesday, Jan. 13, 2010, the day after a 7.0-magnitude earthquake hit his country. (AP Photo/Lynne Sladky)
I read "
The Smoking Gun" report "
Wyclef Jean Charity's Funny Money" in full, and although the tax issues need to be dealt with, I strongly stand by Wyclef Jean.
CNN Money stated, "Experts say that lackadaisical accounting is common among non-profits and is not necessarily a red flag for suspicious behavior." The worst thing the Yele Foundation did was turn tax papers in late, but these accusations that Wyclef was trying to get over on the money end are preposterous to me.
I had a discussion on Facebook earlier today with an FB friend about the costs that go into concerts, travel, management, administrative work, etc. That money just doesn't fly out of thin air, and if someone is donating to the cause, they're donating to all of that. And just being realistic here, how much did you hear about donations to Haiti from any other artist or even news programs before last week outside of Wyclef? When selfish people like Bill Maher could've cared as much about Haiti before the earthquake as he does now, Wyclef Jean was still spending time improving the economic situation in Haiti. Even the music artists who are donating now weren't thinking about Haiti before it became the "in" event to donate to while Wyclef was.
This past week, I was honored with interviewing two of Crain's 40 Under 40 professionals, Sherman Wright and Ahmad Islam from Commonground, a marketing agency that embraces multiculturalism. I think it's so respectable how they're building a bridge to encourage diversity where there was none. Other marketing companies are jumping on the bandwagon slowly but surely, but I knew about many of Commonground's products before I'd ever heard of Commonground so to find out that they'd achieved the honor of Crain's Chicago list for 2009 wasn't a surprise. I talked with these two entrepreneurs about social networking, diversity in marketing, their advertising and marketing background, and the economy.
And on Monday, Nov. 23, I was flattered to be invited to their 40 Under 40 Honoree Reception at a Chicago bar and restaurant called Clutch, located at 459 N. Ogden Avenue, from 7 p.m. to 10 p.m.
Gallery sneak peek (28 images):
View the gallery...
Who do you think this is wearing these pants?
There are fashion do's and fashion don'ts. Some of the "in" fashion is stuff I'm rocking already and sometimes I take notes from fashion magazines if I'm comfortable, but one thing I never could get into was pants or shorts with words on the booty. I always thought women who wore these crazy bottoms either didn't have anything back there and needed to bring attention to it or wanted to bring more attention to it.
But wearing these pants is like wearing shirts with the cleavage showing. (I'm guilty of that one.) I have more than a little bit of V-neck sweaters or fitted tops. But words? I saw a tweet from @entertainreal about Starcasm.net's coverage and several photos of one-half of "Daddy's Little Girls" Angela Simmons, daughter of Reverend Run (Run DMC), rocking purple spandex pants with the word "Yes" in white letters across her butt.
James Gustin, owner of Figgy, mimicks a model in the photograph behind him
I lived in Chicago's Edgewater neighborhood for three years, passed the building that housed Figgy just about weekly, and never once did I peek in to see what the company was about. So when I heard about the networking event tonight from 6:30 p.m. to 9:30 p.m., curiosity brought me to the mysterious company underneath the Granville Red Line station. Tuesday's event had small business owners, entrepreneurs, media content creators, ad agency representatives, writers, photographers, video editors, image editing specialists and local entertainers. It was the type of event that temporary agencies would've drooled over because of all the fresh and hungry talent networking with other like-minded individuals.
The "Let's Create New Media in Chicago" event was thrown courtesy of 15-year-old company, Figgy, and I volunteered to be one of the registration people primarily to meet the talent as soon as they entered the gate. They were ready to mingle, party, eat and drink, but most of all, they wanted to know what everybody else there did in their specialty area. It was a networking event without the drawn-out speeches, PowerPoint presentations and lecture halls.
On Aug. 25, I attended an annual Chicago Women's Entrepreneur networking event, courtesy of Sr. Account Executive Robert F. Wimberly II, and met so many women business owners and aspiring women business owners, including fashion experts, internship recruiters, lawyers, health experts and bank owners. When I was in college, I helped write and edit a business plan for a Chicago music company called MidWest Incorporated, and the more I talked to the owner, Phillip Cavil Sr., the more intrigued I became at owning my own business someday. And my favorite restaurant in all of Chicago is Quench!, owned by Quentin Love. I'm fascinated with those who are brave enough to branch out and start their own company--from hiring employees to finding a location to dealing with the expenses and taxes that go into owning your own business. When I meet business owners, I always stop and ask them what keeps them going and what drives them to continue in their entrepreneurships during the tough times.