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Whether you've been reading since our first newsletter in 2023 or this is your first edition, we hope this has been beneficial. Share it with a friend or reply with any feedback. We hope to continue to make this a valuable resource to all who subscribe.
If you need help with your ecommerce accounting, sales tax, inventory management, or other accounting related issues, let us know. |
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1. [READ] How Much Do Tariffs Raise Prices? |
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This article is written towards consumers, but does a great job explaining how a brand should consider price changes due to tariff costs.
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Tariff impact varies: Tariffs' effects on consumer prices depend on competition, alternatives, and pricing strategies, causing diverse pass-through rates.
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Commodity vs. niche products: Commodities, like tablecloths, see limited price increases, while niche items, like Italian wine, face near-full tariff pass-through.
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Premium goods hit harder: Tariffs significantly raise prices for premium products without alternatives, like smartphones and game consoles from China.
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The U.S. Department of the Treasury on Sunday said it won’t enforce the penalties or fines associated with the “beneficial ownership information,” or BOI, reporting requirements.
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Previously, the Treasury set a March 21 deadline for businesses to comply or risk fines of up to $10,000.
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The Treasury will also propose regulation to apply the BOI rule to foreign companies only.
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3. [LISTEN] How to Choose the Right IMS for Your Ecommerce Business |
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Unlock the complexities of implementing an Inventory Management System (IMS) with our podcast episode that guides you through the strategic planning, budgeting, and operational adjustments needed for a successful deployment.
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The right implementer makes a huge impact on the overall success of the project.
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Initial setup costs for internal implementation can range from $2K to $5K.
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Expect to budget between $5K and $15K for simpler, non-complex implementations.
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Seamless integration with existing systems is essential, with significant financial implications.
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Providing additional resources during the transition phase is necessary to support your team.
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[READ] Trump Delays De Minimis’ End for Canada, Mexico Products |
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The de minimis exemption for imports under $800 from Canada and Mexico will temporarily remain despite new U.S. tariffs.
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The exemption will end once effective tariff collection systems are established.
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The delay provides short-term relief for cross-border ecommerce shippers to adjust to the looming change.
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[WEBINAR] COGS Calculation: Finding the Best Path to Profitability |
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Not sure if you're calculating COGS the right way? The method you choose impacts your profitability, financial clarity, and decision-making.
In this webinar, you’ll learn:
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How to choose the best COGS calculation method for your business.
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The impact of COGS on profitability and smarter decision-making.
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Whether to book COGS when products ship or when they sell.
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How A2X and Finale Inventory can streamline COGS calculation.
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[READ] Visualizing the US Trade Imbalance |
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This article illustrates where future tariffs may come:
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Record trade deficit: The U.S. had a $1.2 trillion goods trade deficit in 2024, prompting new tariffs.
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Key trade gaps: Largest deficits were with China ($295B), Mexico ($172B), and Vietnam ($123B).
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Sector deficits: Major deficits were in machinery, electronics, vehicles, and pharmaceuticals; surpluses in aircraft and energy.
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We'd love to know what you think about this newsletter. Love it? Hate it? How can we improve it?
Reply to this email and let us know. 😊 |
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You Don't Want to Do Your Accounting... But We Do! |
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Here's how we can help: |
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