When the taxman cometh, Black dollars “goeth.” Where will they goeth? Down a myriad of paths in pursuit of new items such as furniture, cars, clothing, and other niceties. But first, unless you do your own tax return or get it done for free by someone, Black dollars goeth to tax preparation firms, the vast majority of which are not owned by Black people.
I can hear the two excuses right now: “I don’t know where to find a Black tax firm;” and “I don’t want ‘them’ to know my business.” The first one I can deal with, but the second excuse just blows my mind.
Nonetheless, let’s see if we can get the conscious ones out there to give a Black-owned company some business. There are many independent Black-owned and operated tax preparation firms, and we should seek them out, especially if they exist locally. But, there is one I have written about for years now that I strongly encourage you to support.
With more than 200 offices in various cities, Compro Tax is the oldest and largest Black-owned tax/financial assistance firm in the country. Go to the website, comprotax.net, and find the office closest to you, which eliminates the first excuse for some of you.
Not less competent
As for the second excuse, and those among us who are still suffering from psychological enslavement, thinking Black businesses are somehow less competent and beneath the businesses of others, you need serious help.
Knowing your business is exactly what you want in a tax firm. The better they know what you are doing, the better they can serve your needs.
Entrepreneurship and wealth-building
In business for more than 30 years and headquartered in Beaumont, Texas, Compro Tax is dedicated to helping its employees and franchise owners obtain the training they need to provide great service to their customers; it also offers great incentives that result in entrepreneurship and wealth-building opportunities.
Compro Tax owners believe in giving back; they built their own convention center (Compro Event Center) in which to hold annual events and training, and they rent space to other local and national groups for their conferences and events, thus, creating jobs and business opportunities in the Beaumont community.
Compro Tax, founded by Mr. Jackie Mayfield, is well ahead of the consciousness curve and has set a great example for other Black businesses to follow; but more importantly, it has built a viable, sustainable, and needs-based business, one that millions of people can use throughout the year, not just during tax filing time.
In keeping with my theme of economic empowerment, this is about Black business in general, not just one individual business. This is about doing what every other group in this country does in a “competently unconscious” way.
They support one another and grow their businesses.
The more we pass our dollars around to one another, the more empowered we become and the stronger we will be, even to the point of building and maintaining a solid unshakeable economic foundation for our young people. We will also provide them with the proper examples of what they, in turn, should do.
(Note: Ironically, while writing this I received a call from a White friend of mine asking for the number of “that tax firm you told me about.” It was Compro Tax.)
Jim Clingman, founder of the Greater Cincinnati African American Chamber of Commerce, is an adjunct professor at the University of Cincinnati and can be reached through his website, blackonomics.com.