New American Airlines Fees


American Airlines announced on Monday it is removing

the free blankets on all flights in North America beginning

in May. However, on flights that last more than two hours

passengers can buy a pillow and a blanket for $8.

Full Story: Dallas News

Internet Sales Tax Raised Again


A series of discussions is ongoing about whether or not states should tax sales on the internet or other types of sales. Some issues to consider is the economic status of your state. Many are broke. Some are not. So what options are on the table for each state to consider when trying to determine how they can generate some positive revenue? This issue is addressed by a “panel of experts” in an a lengthy article you may find interesting since it also targets probably one of your favorite online retailers – Amazon.


Bank Lending Revamp Coming?


Start A Peruvian Jewelry Business


Wholesale Peruvian Jewelry

Twitter Profits From Your Tweets


Twitter is now $25 million richer from two sweet deals with Google and Microsoft that allows the two search giants to make your posts public. In a multiyear deal, Twitter now stands to profit from your tweets. Early in its inception, Twitter focused mainly on building its community. Now, three years later, it appears they are looking for ways to create profit. But that’s not all! They plan to “open” Twitter even more in the future. All this in the name of generating profits and remaining profitable. But hey! They need the money to operate right?

But think of the benefits. For example, Marissa Mayer, Google’s Vice-President of Search Products and User Experience, wrote on Oct. 21 on Google’s blog after the deals were announced. “The next time you search for something that can be aided by real-time observation, say, snow conditions at your favorite ski resort, you’ll find tweets from other users who are there and sharing the latest and greatest information.” So the tradeoff is worth it right? Ahem.

And just think what it could possibly do for us entrepreneurs and small business owners looking for a major boost to our businesses and endeavors by making our tweets public. Oh yeah! See? Now you feel much better don’t you?

After all, the only way they could possibly benefit from us is by selling more advertising and provide targeted search ads. Think about it! How many members talk about the products they love on Twitter? Ah, now that paints a big picture doesn’t it? Anything else they can capitalize on? Of course! How about new commercial accounts for businesses? Just think how your business could benefit by allowing you to pay to analyze your tweet traffic! Wouldn’t you pay for that?

It will be interesting to see what develops over the course of this new year on Twitter. Meanwhile, how about all of us small time entrepreneurs “tweetup” for some serious brainstorming on how we can all build profitable businesses for ourselves?  I heavily suspect partnerships are going to be the road to the bank this year.

Enough said! I think.

Written by Spencer E. Ante; Edited by Clint Davis – SOURCE: Businessweek

Tax Guide For Your New Business

Tax season is upon us and you may be wondering how your business will be taxed. After all, businesses are particularly vulnerable to a long list of taxes the government, the state, the county and the city wants to collect from you. Wonderful! Can you think of anyone else? Here’s a list:
  • Federal Income Taxes
  • State Taxes
  • Payroll & Self Employment Taxes
  • Sales Tax and more!
  • Sweating yet? Relax! We’re here to help you find answers and resources and our first Tax Guide recommendation is for you to check out at The Motley Fool.

    EB Staff

    Lower Your Tax Bill – Here’s How


    Here’s a few tips on making a few small decisions that could save you lots of anguish later on.

    If there’s one thing certain about business, it’s that you’re going to have to pay taxes. Knowing which taxes your business will have to pay and how much can help save some much needed operating money. After all, one mistake can cost you if you’re not careful.

    Planning now for next year is not only wise but can help you determine how to minimize your taxes so prepare cautiously and it might even be a good idea to get second opinions to maximize deductions. If you are not careful to manage your business carefully, you could end up in trouble. There are a variety of taxes for business:

    • Income taxes
    • Employment taxes
    • Sales taxes
    • Excise taxes

    Accurate recordkeeping is a must. Use a software based system that enable you to track your income and expenses. Create file systems to store and track your receipts. Keep a log of the mileage you use on your vehicle. Under the tax law, most of your expenses for business are deductible. Stay current with changes in the tax law. It changes often throughout the year based on legislation, court hearings, and IRS rulings.

    Finally, be cautious to place trust just in your tax preparer. Finding a professional for a second opinion with dual degrees both in tax preparation and tax law could possibly save you from any complicated tax matters that could arise because your tax preparer did not know the latest laws or was misinformed.

    Written by Elizabeth Wasserman; Edited by Bill Sorensen


    SEC & The Investment Protection Act


    What the S.E.C. Gains From the Financial Bill

    The House passed an extensive financial regulation bill last week that would significantly increase federal oversight of financial companies and the markets. Unlike the previous push for deregulation and curbs on private litigation, this legislation expands the government’s role in controlling markets for new securities and limiting the types of systemic risks that set off the financial meltdown in 2008.

    NY Times – Investing

    U.S. electric carmaker Tesla preparing IPO-sources


    wired By Poornima Gupta


    * IPO timing capitalizes on environmental enthusiasm

    * Filing is near but exact date not clear (Adds background on Tesla, green IPOs, car industry)

    SAN FRANCISCO, Nov 20 (Reuters) – U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

    An IPO filing from the six-year-old start-up, best known for its $109,000 all-electric Roadster, is expected any day, said one of the sources. The person did not give a specific time frame, although IPOs typically take several months.

    Tesla spokesman Ricardo Reyes declined to comment on what he called “rumor or speculation.”

    Tesla would mark the first public offering from a U.S. automaker since Henry Ford’s Ford Motor Co (F.N) debuted its shares in 1956. The IPO represents a landmark in the resurgence of electric car technology that most carmakers had dismissed as impractical until recently.

    The company’s chairman Elon Musk said early last year that an IPO was a possibility in either late 2008 or 2009.

    But the financial market turmoil following the collapse of Lehman Bros. in the latter half of 2008 virtually shut down the IPO market. The appetite for IPOs has picked up since mid-September this year with a robust pace of new filings.

    Tesla’s IPO would follow the successful debut of lithium-ion battery maker A123 Systems (AONE.O), whose shares rallied 50 percent on their first day of trading on Sept 25.

    Analysts have said that the success of A123, the first green technology IPO this year, would encourage more venture capital-backed green companies to go public.

    Tesla will compete with established automakers like Ford, General Motors and Nissan Motor Co (7201.T), all of which are racing to launch electric or plug-in hybrid vehicles. Tesla, by contrast, is a small player with a high-end market and limited production.

    A combination of factors has driven the recent interest in developing electric, or partially electric vehicles, including the Obama administration’s push to have one million rechargeable vehicles on US roads by 2015 and low-cost Department of Energy loans for manufacturers.


    The carmaker is developing a second, lower-cost model, an electric sedan known as the Model S, which will have a base price of $49,900.

    Tesla said in September it delivered 700 Roadsters since February 2008. The Roadster, which is built on a Lotus frame, can go from zero to sixty miles an hour in less than four seconds, making it faster than a Porsche 911 or a Ferrari Spider.

    The electric car start-up was offered $465 million in low-cost loans by the U.S. Department of Energy to help build the new Model S. Tesla said it will build the new car in California.

    Tesla’s investors include Google Inc (GOOG.O) founders Sergey Brin and Larry Page.

    Other investors include Daimler AG (DAIGn.DE); Abu Dhabi-based Aabar Investments (AABAR.AD), which owns a stake in Daimler; and venture capital funds Valor Equity Partners, Technology Partners, The Westly Group and Compass Venture Partners.

    Tesla said it had achieved overall corporate profitability in July with about $1 million of earnings on revenue of $20 million.

    But like established automakers, survival in the hyper-competitive U.S. automotive market has not been easy for Tesla. The company had to face cost overruns and production delays for the Roadster. (Reporting by Poornima Gupta; Editing by Derek Caney)

    The No Cash Economy Boom


    By Jennifer Lawinski, contributing writer

    November 13, 2009: 12:44 PM ET

    BRISTOL, Conn. (

    Short on cash? Join the new old economy and swap.

    “There’s no recession in barter,” said Debbie Lombardi as she navigated the crowd at the Barter Business Unlimited’s Annual Business & Holiday Barter Show, held Thursday in Bristol, Conn.

    More than 1,000 people affiliated with 100 vendors of all kinds packed into a hotel event space to wheel and deal and trade their wares. As Lombardi, the event’s host, worked the floor, dozens of small business owners stopped her to ask questions. One owns a bicycle shop. One is a longtime friend and jewelry-store owner. (more…)

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