Young Black & N’ Business
BUSINESS OUTREACH TEAM IS PROUD TO PARTNER WITH Congratulations on a successful BizCon 2024! We salute your dedication to excellence in helping entrepreneurs build professional networks and grow customer base through exposure opportunities that leverage the power of marketing. We value our aligned goals that encourage early entrepreneurs to consider entering the lucrative and stable construction sector to build legacy wealth.
San Diego Unified has construction opportunities for Minority-Owned Business Enterprises
San Diego Uni ed School District is looking to increase participation of diverse, underrepresented small businesses in its construction program.
San Diego Uni ed has over $11.6 billion in funding to repair, renovate, and revitalize neighborhood schools as part of its capital improvement program. Construction projects include new/renovated facilities, safety and security upgrades, athletic elds, classroom technology, charter schools, air conditioning, and other capital improvements throughout the district.
The school district has a robust business outreach program with participation goals for small and minority, women, and disabled veteran-owned business enterprises.
sandiegouni ed.org/business-outreach
Don’t miss out on opportunities —
If you are a minority with 51% ownership of a construction contracting company or related business, contact Alma D. Bañuelos, San Diego Uni ed Business Outreach Coordinator at abanuelos@sandi.net.
CUT COSTS ON YOUR SUMMER ENERGY BILL
Warmer temps are on their way but it doesn’t have to mean higher energy bills. Use major appliances when energy is less expensive, before 4 pm or after 9 pm, Monday – Sunday. Here are ways to save energy and money while staying cool.
First, let’s talk about appliances. They tend to use a lot of energy and heat up your home at the same time. With that in mind, consider the following:
1. Change the way you cook
Turn o the oven and stovetop as much as possible. Relying on microwaves, slow cookers, backyard grills or foods you don’t need to cook (like salads) are great ways to not heat up your food and home at the same time. If you’re going to use your oven, do it sparingly and during the coolest part of the day.
2. Change how you wash your clothes
Use cold water to wash your clothes so you don’t have to pay to heat the water. Cold water helps reduce wrinkles and remove stains. Washing in cold also helps your clothes last longer, prolong vibrancy and maintain their shape and size. Always aim for full loads of laundry and consider line drying them.
3. Don’t “heat dry” your dishes
When running your dishwasher, turn o the “heat dry” cycle and let dishes air dry instead.
4. Use smart plugs for appliances
One of the best smart plug uses is to connect appliances to them. Smart plugs allow you to schedule when your appliances are on or o – even remotely. They also help reduce “vampire draw” because appliances still use energy when they’re o but plugged in.
Beyond appliances, here are other great ways to stay cool and save big:
1. Check out SDG&E’s new RES program
Do you rent or own a single-family home? Eligible customers receive free products such as smart thermostats, lowflow showerheads, brushless fan motors, HVAC services like air duct testing and sealing – and more. SDG&E has contracted with Synergy Companies to provide customers with energy e iciency audits from their experts. Customers can request a home visit at SynergyCompanies.com or by calling (888)-272-8394. Learn more at sdge.com/RES.
2. Save with Golden State rebates
Receive rebates toward the purchase of energy-e icient products like smart thermostats, heat pump water heaters and room air conditioners. Get details at sdge.com/rebates and for the product list, visit GoldenStateRebates.com.
3. Sign up for SDG&E’s Power Saver Rewards
Earn a bill credit of $2 per kilowatt hour when you reduce
your energy use when the grid needs it the most. Get details at sdge.com/PowerSaver.
4. Use ceiling fans instead of the A/C
Ceiling fans can save up to 25 percent on cooling costs and reduces your home’s temperature up to ten degrees. In warmer temps, fans should be set counter-clockwise for the best cooling e ect. Don’t forget to change the direction to clockwise when temps drop in cooler months because the fan pushes heat down.
For more ideas on how to save energy, visit sdge.com/MyEnergy.
Entrepreneurs of all stages choose Young Black & N’ Business for their networking needs because we intentionally curate a membership body with an intense interest in growth and success. Our programs range from live Zoom Webinars livestreamed to Facebook, to black tie affair galas. As an officially recognized member you will have access to photoshoots, speaking opportunities, local media exposure, and recognition for your work in the community.
Join a networking organization led by real entrepreneurs and business owners.
INDIVIDUAL LEVEL MEMBERSHIP, $250.00
Member’s Only T- Shirt
Annual Subscription to the Quarterly Manuscript
10% off General Attendee Ticket Options, Banner and Quarter Sized Ads, and Merchandise Promotions
SMALL BUSINESS LEVEL MEMBERSHIP , $500.00
Small Business Member
All the benefits of the Individual Level Membership
25% of VIP Attendee Ticket Options, Half Page Sized Ads, and Merchandising Sponsorships
Recognition in the Online Small Business Directory as a Small Business Member
Access to Private Members Only Facebook Group
COMMUNITY STAKEHOLDER, $750.00
Three (3) Small Business Memberships
One Bonus Ticket Redeemable at the VIP Level to the even of your choice
Includes (1) commemorative token of appreciation while supplies last
It all depends on your accounting method. An accounting method is a set of rules used to determine when and how income and expenses are reported. The two basic methods are the cash method and the accrual method. Whichever method you choose must clearly reflect income.
CASH METHOD
Under the cash method of accounting, you generally deduct business expenses in the tax year you pay them.
ACCRUAL METHOD
Under the accrual method of accounting, you generally deduct business expenses when both of the following apply.
1.The all-events test has been met. The test is met when:
a.All events have occurred that fix the fact of liability, and b.The liability can be determined with reasonable accuracy.
2.Economic performance has occurred.
Economic performance. You generally cannot deduct or capitalize a business expense until economic performance occurs. If your expense is for property or services provided to you, or for your use of property, economic performance occurs as the property or services are provided, or the property is used. If your expense is for property or services you provide to others, economic performance occurs.
This is not financial, tax, or legal advice. So, speak with a business, tax, or legal professional about your specific situation.
Questions? Email ybandnb@gmail.com to get connected with a professional today! WWW.JOINYBNB.COM
Business Deduction Series
Generally, you can deduct the full amount of a business expense if it meets the criteria of ordinary and necessary and it is not a capital expense
Recovery of amount deducted (tax benefit rule). If you recover part of an expense in the same tax year in which you would have claimed a deduction, reduce your current year expense by the amount of the recovery. If you have a recovery in a later year, include the recovered amount in income in that year. However, if part of the deduction for the expense did not reduce your tax, you do not have to include that part of the recovered amount in income.
Payments in kind. If you provide services to pay a business expense, the amount you can deduct is limited to your out-of-pocket costs. You cannot deduct the cost of your own labor. Limits on losses. If your deductions for an investment or business activity are more than the income it brings in, you have a loss. There may be limits on how much of the loss you can deduct.
Net operating loss (NOL). If your deductions are more than your income for the year, you may have an NOL. You can use an NOL to lower your taxes in other years
This is not tax or legal advice. It's important to note that tax laws and regulations can vary, so it's always a good idea to consult with a tax or legal professional for specific guidance tailored to your situation.
Questions? Email ybandnb@gmail.com to get connected with a professional today!
WWW.JOINYBNB.COM
BIZCON 2024
WILL BE HELD AT THE SAN DIEGO
CONVENTION CENTER
SATURDAY, MAY 11TH!
Dignitaries, community leaders, and o cial Young
Black & N’ Business Members will be in attendance!
EVENT INFORMATION:
Date: Saturday, May 11th Time: 9:00am- 6:00pm
Location: San Diego Convention Center 111 Harbor Drive
