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In this week's edition: steps for tackling sales tax problems, a system for tariff refunds is expected in 45 days, and issues in using ChatGPT to do taxes.
If you need help with your ecommerce accounting, sales tax, inventory management, CFO, or other accounting related issues, let us know. |
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1. [VIDEO] Stop Making Your Sales Tax Problem Bigger! (Here's What To Do First) |
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Being behind on sales tax is stressful. Here is the exact framework we use with 7- and 8-figure ecommerce sellers to get fully compliant.
- How every month of inaction adds more exposure across multiple states
- What a VDA is and how it can eliminate penalties completely
- The one mistake that closes the best resolution options forever
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- Refund system launching within ~45 days where importers will submit a declaration through CBP’s ACE portal.
- Single Treasury payment with interest expected, regardless of how many shipments incurred tariffs.
- No lawsuit required, but importers must validate tariff payments to trigger refunds.
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3. [READ] Why you shouldn't use ChatGPT to do your taxes |
- Experts warn general chatbots mishandle sensitive data like SSNs, bank details, and tax forms.
- AI models may rely on outdated tax rules or mixed state and federal guidance, increasing filing risk.
- Hallucinations are still a problem, too. "the IRS doesn't care if you say 'the AI told me so.'"
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[READ] ‘E-shaped’ economy is replacing a K-shaped one in 2026 |
- Top 20% of earners drive ~60% of U.S. consumer spending, widening the demand gap.
- Middle-income households “treading water,” shifting toward bulk and discount retailers like Costco and Walmart.
- Lower-income consumers leaning on credit cards and BNPL; 25% used BNPL for groceries in 2025.
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[READ] The War in Iran Will Raise Fuel Prices and Costs Throughout the Economy |
- War disrupting the Strait of Hormuz removed ~20% of global oil supply, rapidly pushing fuel prices higher worldwide.
- Higher oil and natural gas prices raise gasoline, electricity, fertilizer, transportation, and food costs across the economy.
- If crude oil remains near $100 per barrel, U.S. inflation could stay above 3% for the year.
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